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This edition was generated on Fri Sep 19 08:45:01 EDT 2008
WASHINGTON - Urgently moving on multiple fronts to stem the worst financial crisis in decades, the government moved Friday to protect money market mutual funds against losses and temporarily banned short-selling of company stocks. The Treasury Department asked Congress to give it sweeping power to buy up toxic debt that has unhinged Wall Street.
LONDON - In the aftermath of Russia's brief war with Georgia, the United States and its NATO partners face questions about the very foundation of their alliance the pledge enshrined in the 59-year-old North Atlantic Treaty that an unprovoked attack on one member would be treated as an attack on all.
DETROIT - Ken Cockrel Jr. became the city's new mayor Friday, vaulted into office by a sex scandal that destroyed the reign of Kwame Kilpatrick and threw Detroit's government into chaos for months.
RIYADH, Saudi Arabia - Arabs across the ideological spectrum, from secular-minded liberals to Muslim hard-liners, are denouncing a top Saudi cleric's edict that it was permissible to kill the owners of satellite TV stations that show "immoral" content.
MIAMI - Barack Obama turned to a team of advisers that shaped America's economy in happier days to fashion fresh ideas for calming the stomach-churning financial crisis that has thundered from Wall Street to Main Street.
WASHINGTON - Federal securities regulators, in an effort to boost investor confidence in the face of a market crisis, took the dramatic step Friday of temporarily banning the trading practice of betting against financial stocks.
NEW YORK (Reuters) - Stock futures soared on Friday, indicating Wall Street will add to its gains after the best day in six years, as investors cheered a series of sweeping steps by governments worldwide to contain the spiraling credit crisis.
LONDON/NEW YORK (Reuters) - The U.S. government launched several multibillion-dollar programs to guarantee holdings in money-market mutual funds and curb short-selling while developing a more sweeping plan to mop up toxic mortgage debt, sending global markets higher on Friday.
SEOUL (Reuters) - North Korea said on Friday it was working on restarting its nuclear plant and dismissed the prospect of being removed from a U.S. terrorism blacklist in return for a disarmament deal.
WASHINGTON (Reuters) - Democratic presidential nominee Barack Obama said on Friday he supported efforts by the U.S. Treasury and Federal Reserve to shore up confidence in the financial markets and said he would hold off from presenting his own economic recovery plan.
(Reuters) - Citigroup Inc is considering making a bid for Washington Mutual Inc , the Wall Street Journal said on Friday, citing people familiar with the situation.
MUMBAI/SHANGHAI (Reuters) - Within hours of Bank of America agreeing to buy Merrill Lynch this week, Indian financial services firm Ambit hired five Merrill executives, a sign that Asia hopes to gain from massive Wall Street layoffs.
ANCHORAGE, Alaska (Reuters) - The husband of Gov. Sarah Palin will ignore a subpoena from Alaska lawmakers investigating whether the Republican vice presidential nominee's firing of a state commissioner constituted an abuse of power, officials from her campaign said on Thursday.
CARACAS (Reuters) - President Hugo Chavez expelled a delegation of Human Rights Watch from Venezuela on Friday after the U.S.-based group criticized him for eroding democracy in his nearly 10 years in power.
NEW YORK (AFP) - Global shares and the dollar leapt Friday as confidence returned with a drive to create a US debt clearance mechanism, more central bank support and a ban on betting on a crash.
BEIJING, Sept 19, 2008 (AFP) - Starbucks stopped serving milk in many of its Chinese outlets on Friday as a crisis over poisoned dairy products that have left four babies dead and thousands of others sick spiralled.
PANMUNJOM, Korea (AFP) - North Korea, accusing Washington of breaking a nuclear disarmament deal, said Friday it is working to restart its atomic reactor and no longer wants US concessions promised under the pact.
NEW DELHI (AFP) - Indian police shot dead two alleged Islamic militants during a fierce gun battle in a Muslim area of New Delhi Friday, including a leader of a shadowy group behind a spate of deadly bombings.
PARIS (AFP) - Many economists believe that investors make decisions rationally, weighing up corporate data and other pricing signals to evaluate gain or risk before buying or selling stocks.
MOSCOW (AFP) - Trading was suspended Friday on Russian stock markets when share prices soared minutes after the exchanges opened following a massive Russian government rescue plan, market officials said.
LONDON (AFP) - Global equity markets soared on Friday, lifted by mammoth share price gains for banks, as governments worldwide stepped up their fight against the worst financial crisis in decades, traders said.
PARIS (AFP) - Many economists believe that investors make decisions rationally, weighing up corporate data and other pricing signals to evaluate gain or risk before buying or selling stocks.
With yesterday's study linking bisphenol A--a chemical in hard plastics and the linings of food and beverage cans--to diabetes and heart disease, you may be wondering what you can do to minimize your exposure. The Environmental Working Group last year conducted an analysis of BPA in various canned foods and found the amount varies widely depending on the food. Condensed milk, for instance, has relatively little BPA, while infant formula has a lot more--about one fifth the safe dose limit set by the Food and Drug Administration. Of course, the potential risk also depends on how much you ...
ANCHORAGE, Alaska (Reuters) - The husband of Gov. Sarah Palin will ignore a subpoena from Alaska lawmakers investigating whether the Republican vice presidential nominee's firing of a state commissioner constituted an abuse of power, officials from her campaign said on Thursday.
CHICAGO - Geovany Soto hit a tying three-run homer with two out in the ninth inning, Derrek Lee singled in the winning run in the 12th and the Chicago Cubs beat the Milwaukee Brewers 7-6 on Thursday to move closer to the NL Central title.
WASHINGTON - The Treasury Department says it will tap into a Depression-era fund to provide guarantees for the nation's money market mutual funds while the Federal Reserve says it will expand its emergency lending program to help support the $2 trillion in assets of the funds.