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This edition was generated on Wed Sep 17 08:45:01 EDT 2008
WASHINGTON - The U.S. government stepped in Tuesday to rescue American International Group Inc., one of the world's largest insurers, with an $85 billion injection of taxpayer money. Under the deal, the government will get a 79.9 percent stake in AIG and the right to remove senior management.
KABUL, Afghanistan - Defense Secretary Robert Gates on Wednesday expressed "personal regret" for recent U.S. airstrikes that killed Afghan civilians, and pledged more accurate targeting in future.
WASHINGTON - Offshore oil drilling, which has dominated energy debates in the presidential campaign, is now coming to the Senate.
JERUSALEM - Israel's popular foreign minister faced off against a grizzled former military chief on Wednesday in the leadership race for the ruling Kadima party an election that could determine the country's next prime minister.
LOS ANGELES - Dan Gheesling schooled everyone on "Big Brother 10."
ATLANTA - Ryan Howard rallied the Philadelphia Phillies back into first place, hitting a go-ahead homer in the eighth inning for his fourth hit in an 8-7 victory over the Atlanta Braves on Tuesday night.
WASHINGTON (Reuters) - Democrat Barack Obama has a 2-point lead in the U.S. presidential race on Republican John McCain, whose choice of Sarah Palin as his running mate helped shore up support for both candidates, according to a Reuters/Zogby poll released on Wednesday.
LONDON/HONG KONG (Reuters) - An $85 billion dollar U.S. lifeline for American International Group gave some respite to battered financial stocks, while the UK's biggest mortgage lender HBOS Plc and Lloyds TSB contemplated a merger which would reshape British banking.
SANAA (Reuters) - Two suicide car bombs set off a series of explosions outside the heavily fortified U.S. embassy in Yemen on Wednesday, killing 16 people including six attackers, a Yemeni Interior Ministry official said.
SINGAPORE (Reuters) - Investment bank Morgan Stanley is weighing whether it should remain independent or merge with a bank, given the recent turbulence in the company's share price, broadcaster CNBC reported on Wednesday.
WASHINGTON (Reuters) - Americans remain worried about the U.S. economy and their personal finances, but their outlook brightened for the second consecutive month, according to a Reuters/Zogby poll released on Wednesday.
(Reuters) - U.S. federal regulators recently called a number of banks asking if they would consider buying Washington Mutual Inc should it eventually falter, the New York Post said, citing sources.
KABUL (Reuters) - Under pressure over rising civilian deaths in Afghanistan, the U.S. defense chief said on Wednesday that the U.S. military needed to do more to prevent the killing of ordinary Afghans caught up in military operations.
SINGAPORE/TOKYO (Reuters) - Japan, Australia and India pumped $33 billion into money markets on Wednesday as a U.S. government rescue of insurer AIG failed to soothe frayed nerves and ease a funding squeeze triggered by the crisis engulfing Wall Street.
LONDON (AFP) - The global finance storm swept up a new victim Wednesday as HBOS, Britain's biggest mortgage lender, was reportedly forced into takeover talks after the US government's 85-billion-dollar rescue of AIG.
SANAA (AFP) - Islamist militants attacked the US embassy in the Yemeni capital Sanaa with a car bomb and rockets on Wednesday, leaving 16 people dead, in the second strike on the high-security compound in six months.
JERUSALEM (AFP) - Members of Israel's governing Kadima party were voting for a new leader on Wednesday, with Foreign Minister Tzipi Livni favoured by opinion polls to replace scandal-plagued Prime Minister Ehud Olmert.
BEIJING (AFP) - China said Wednesday more than 6,000 babies had fallen ill and three died after drinking milk powder laced with a toxic chemical, as it vowed massive efforts to contain a widening food scandal.
ROME (AFP) - Global numbers afflicted by acute hunger rose from 850 million to 925 million by the start of 2008 because of rising prices, the head of the UN Food and Agriculture Organization said Wednesday.
LONDON (AFP) - Asian and European equities struggled Wednesday as financial market chaos sparked the overnight rescue of US insurance giant AIG and a reported takeover bid for British bank HBOS.
LONDON (AFP) - Lloyds TSB is reportedly in talks to buy fellow British bank HBOS, in deep trouble on the stock market amid the crisis engulfing global financial markets, it emerged on Wednesday.
LONDON (Reuters Life!) - If a man's home is his castle then maybe his car is his rubbish bin, with a study finding the typical car has 283 different types of bacteria present in every square centimeter (square inch).
LONDON/HONG KONG (Reuters) - An $85 billion dollar U.S. lifeline for American International Group gave some respite to battered financial stocks, while the UK's biggest mortgage lender HBOS Plc and Lloyds TSB contemplated a merger which would reshape British banking.
NEW YORK (Reuters) - Wall Street had its worst day since markets reopened after the September 11 attacks as fears about the U.S. financial system's stability surged on Monday after Lehman Brothers filed for bankruptcy and insurer AIG struggled for survival.
CHICAGO - The Chicago Cubs did what no other National League team has been able to do this season. They beat CC Sabathia. Ryan Dempster got his 16th win and Chicago sent the Milwaukee Brewers to their fifth straight loss, holding on for a 5-4 win Tuesday night that spoiled interim manager Dale Sveum's debut.
WASHINGTON - The U.S. government stepped in Tuesday to rescue American International Group Inc., one of the world's largest insurers, with an $85 billion injection of taxpayer money. Under the deal, the government will get a 79.9 percent stake in AIG and the right to remove senior management.