Wall Street in sharp rebound as market bounces off lows (AFP)
AFP - US stocks staged a powerful rebound Thursday in highly volatile trade as traders shook off grim economic news and were buoyed by a successful test of market lows hit last month.
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2008-11-13 23:50
2008-11-13 23:50
Fed officials see economic gloom, policy bind (Reuters)
Reuters - Two top Federal Reserve policy-makers painted a gloomy picture on the U.S. economy on Thursday, on a day when initial claims for unemployment assistance topped half a million people.
2008-11-13 23:50
Neb. parents rush to leave kids before law changes (AP)
AP - The mother was running out of more than patience when she abandoned her 18-year-old daughter at a hospital over the weekend under Nebraska's safe-haven law.
2008-11-13 23:50
Bush defends capitalism on eve of economic summit (AP)
AP - President George W. Bush fervently defended U.S.-style free enterprise Thursday as the cure for the world's financial chaos, not the cause. He warned foreign leaders ahead of a weekend summit not to crush global growth with restrictive new rules.
2008-11-13 23:50
Obama's inauguration may draw 1 million-plus (AP)
AP - President-elect Barack Obama's inauguration is expected to draw 1 million-plus to the capital, and already some lawmakers have stopped taking ticket requests and hotels have booked up. Some people are bartering on Craigslist for places to stay for the Jan. 20 ceremony when the Illinois senator takes the oath of office. They are offering cash or even help with dishes for residents willing to open up their homes.
2008-11-13 23:16
NASA releases first images of planets outside our solar system (AP)
AP - Earth seems to have its first fuzzy photos of alien planets outside our solar system, images captured by two teams of astronomers. The pictures show four likely planets that appear as specks of white, nearly indecipherable except to the most eagle-eyed experts. All are trillions of miles away
2008-11-13 23:16
NTSB: Design errors factor in 2007 bridge collapse (AP)
AP - Undersized steel plates and the stress of 287 tons of stockpiled construction material were singled out Thursday as reasons for last year's collapse of a highway bridge in Minneapolis that killed 13 people and injured 145.
2008-11-13 23:16
Austrian incest father Fritzl charged with murder (AP)
AP - Prosecutors filed a murder charge Thursday against the man accused of imprisoning his daughter for 24 years in a rat-infested cell and fathering her seven children, saying one of the youngsters who died in infancy might have survived if brought to a doctor.
2008-11-13 23:16
CIA's Hayden says al-Qaida still greatest threat (AP)
AP - Osama bin Laden is isolated from the day-to-day operations of al-Qaida but the terrorist organization he built is spreading its influence in Africa and the Middle East, CIA director Michael Hayden said Thursday. Al-Qaida remains the single greatest threat to the United States, Hayden said in remarks prepared for delivery at the Atlantic Council.
2008-11-13 23:16
Palin urges GOP governors to keep Democrats honest (AP)
AP - Sarah Palin called on fellow Republican governors to keep the new president and his strengthened Democratic majority in check on issues from taxes to health care as she signaled she'll take a leadership role in a party searching for a new standard-bearer.
2008-11-13 22:42
Dow surges 6.7 percent in stunning rebound (AFP)
AFP - US stocks staged a powerful rebound Thursday in highly volatile trade, sending the Dow industrials up more than 500 points at the close of trade.
2008-11-13 22:42
World leaders to gather on crisis, no quick fix seen (Reuters)
Reuters - A bid by global leaders to push forward plans this weekend to erect a firewall against future financial crises like the one now threatening the world economy will quickly run into tough political realities that will limit progress.
2008-11-13 22:42
Indians lefty Cliff Lee wins AL Cy Young Award (AP)
AP - Cliff Lee won the American League Cy Young Award in a runaway on Thursday, capping a dominant comeback season that made him the second consecutive Cleveland Indians lefty to earn the honor. Demoted to the minors last year, Lee went a major league-best 22-3 this season with a 2.54 ERA. He received 24 of 28 first-place votes and 132 points in balloting by the Baseball Writers' Association of America.
2008-11-13 22:42
Man accused of urinating on arresting officer (AP)
AP - A 35-year-old man faces charges after allegedly driving drunk and then urinating in the back of a squad car and on the arresting officer. A criminal complaint said the man was pulled over early Wednesday after an officer saw him driving erratically and striking a pole at a gas station.
2008-11-13 22:42
Kanye West says he's 'voice of this generation' (AP)
AP - Kanye West is to music what Michael Jordan was to basketball
2008-11-13 21:34
Iraq model not good fit for Afghan war: U.S. official (Reuters)
Reuters - Afghanistan's geography and socioeconomic conditions will make it hard for the U.S. military there to duplicate policies that helped stem Iraq's insurgency, a senior Pentagon official said on Thursday.
2008-11-13 21:34
U.S., Germany, China feel pain of global downturn (Reuters)
Reuters - Three of the world's largest economies painted bleak pictures of current conditions on Thursday as the United States, China and Germany all provided fresh evidence of the global economic slide.
2008-11-13 21:34
Obama resigns Senate seat effective Sunday (Reuters)
Reuters - President-elect Barack Obama said he would resign his Senate seat effective on Sunday as he focuses on his transition to the White House.
2008-11-13 21:34
Stocks rebound in another volatile session (AP)
AP - Wall Street launched a massive rebound Thursday after sending the Dow Jones industrials briefly below 8,000. Investors drove the Dow up more than 200 points, betting that the market has priced in enough bad news.
2008-11-13 20:58
OECD says developed world already in recession (AP)
AP - The world's developed countries, hard hit by the financial crisis, have probably tipped into a recession that will last at least through the first half of 2009, according to new projections issued Thursday.
2008-11-13 20:58
Banks say they're using bailout money for loans (AP)
AP - Some of the nation's largest banks sharing in the $700 billion government bailout of the financial industry tried to assure lawmakers Thursday they are using the money to make more loans and help financially strapped homeowners avoid foreclosure.
2008-11-13 20:58
Stocks zigzag in another volatile session (AP)
AP - Wall Street zigzagged sharply Thursday, with the Dow Jones industrials briefly dropping below 8,000 and then rebounding as investors contended with a stream of negative economic news.
2008-11-13 20:58
Jobless claims unexpectedly jump to highest level since 9/11 (AP)
AP - Applications for unemployment benefits soared to the highest level since just after the Sept. 11, 2001, terrorist attacks while the trade deficit shrank more than expected as demand for imports plunged, further evidence of the struggling U.S. economy.
2008-11-13 20:24
Civilian cargo plane crashes in Iraq, killing 7 (Reuters)
Reuters - A civilian cargo aircraft crashed in western Iraq on Thursday, killing all seven people on board, the U.S. military and shipping firm FedEx said.
2008-11-13 20:24
Goldman suspends GM rating, Chrysler urges aid (Reuters)
Reuters - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid, while Chrysler said it would be "very difficult to survive" without government support.
2008-11-13 20:24
Lawmakers challenge big banks on bailout funds (Reuters)
Reuters - Senators asked the nation's biggest banks on Thursday to explain how they are using the billions of taxpayer dollars provided to them under a massive government bailout program. The answers were mixed.
2008-11-13 20:24
Cleveland lefty Cliff Lee wins AL Cy Young Award (AP)
AP - Cliff Lee is a runaway winner for the American League Cy Young Award, capping a dominant comeback season that made him the second consecutive Cleveland Indians lefty to earn the honor.
2008-11-13 20:24
Ryan O'Neal, son delay entering pleas (AP)
AP - Ryan O'Neal and his son have delayed entering pleas in their felony drug cases until after the new year.
2008-11-13 19:16
Rebels advance on strategic eastern DR Congo town (AFP)
AFP - Rebels in eastern Democratic Republic of Congo swept to the outskirts of a strategic crossroads town on Thursday where hundreds of government troops and UN peacekeepers stood in their way.
2008-11-13 19:16
Civilian cargo aircraft crashes in western Iraq (Reuters)
Reuters - A civilian cargo aircraft with seven people on board crashed shortly after take-off in western Iraq on Thursday, the U.S. military said, adding that there was little hope of any survivors.
2008-11-13 19:16
Goldman suspends GM rating, says bailout needed (Reuters)
Reuters - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid to survive a deepening industry downturn.
2008-11-13 19:16
Top hedge funds see more rules ahead for industry (Reuters)
Reuters - Some of the world's richest and most powerful hedge fund managers told U.S. lawmakers on Thursday that they support greater transparency for the secretive industry, but offered divergent views on whether the industry contributed to the financial crisis.
2008-11-13 19:16
Gardenhire gets 2-year extension from Twins to '11 (AP)
AP - The Minnesota Twins have signed manager Ron Gardenhire to a two-year contract extension through the 2011 season.
2008-11-13 18:04
Biden picks former Gore aide as chief of staff (Reuters)
Reuters - Vice President-elect Joe Biden has picked former Al Gore aide Ron Klain to be his chief of staff, a Democratic official said on Thursday.
2008-11-13 18:04
Goldman suspends GM rating, sees $22 billion bailout (Reuters)
Reuters - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid to survive a deepening industry downturn.
2008-11-13 18:04
Soros says deep recession inevitable, depression possible (Reuters)
Reuters - George Soros, chairman of Soros Fund Management, testified at a House Oversight and Government Reform Committee hearing on Thursday. Highlights:
2008-11-13 18:04
Stocks fluctuate after jobs data, Wal-Mart outlook (AP)
AP - Wall Street struggled to find a direction Thursday after three straight days of declines, with investors reacting calmly to a larger-than-expected jump in unemployment claims and news that Wal-Mart Stores Inc. is cutting its full-year outlook
2008-11-13 17:30
County treasurer defeated by 'teenybopper' student (AP)
AP - A county treasurer who lost her bid for a fourth term last week to a 20-year-old Dartmouth College student from Montana blames her failed candidacy on "brainwashed college kids."
2008-11-13 17:30
Stocks fluctuate on jobs data (AP)
AP - Wall Street had a calmer start to trading Thursday, with stocks struggling to find a direction after three straight days of steep declines. Investors appeared to take in stride a government report showing a larger-than-expected jump in unemployment claims.
2008-11-13 16:56
U.S. civilian cargo aircraft crashes in western Iraq (Reuters)
Reuters - A U.S. civilian cargo aircraft with between four and six people on board crashed shortly after take-off in western Iraq on Thursday, the U.S. military said, adding that there were no immediate details on casualties.
2008-11-13 16:56
Aiding carmakers not intent of bailout package: White House (Reuters)
Reuters - The White House said on Thursday it was not Congress' intent to use the $700 billion financial rescue package to help ailing U.S. automakers.
2008-11-13 16:56
Germany, China, U.S. feel pain of global downturn (Reuters)
Reuters - Germany is in recession, China's industry output growth is the weakest it's been in seven years and the U.S. employment picture darkened, data from the top exporting nations showed on Thursday, providing more evidence of the global economic slide.
2008-11-13 16:56
Obama weighing idea of "auto czar," aide says (Reuters)
Reuters - President-elect Barack Obama is considering naming a point person to lead efforts to help the distressed auto industry return to health, an Obama aide said on Thursday.
2008-11-13 16:56
Jobless claims hit 25-year high, imports plunge (Reuters)
Reuters - The number of workers drawing jobless benefits hit a 25-year high this month and U.S. imports suffered a record drop in September, according to reports on Thursday that underscored a rapid drop-off in the U.S. economy.
2008-11-13 16:20
OECD says developed world in recession (AP)
AP - The world's developed economies, hard hit by the financial crisis, have slid into recession and will shrink further in 2009, a top international organization said Thursday.
2008-11-13 16:20
Jobless claims surge while trade deficit narrows (AP)
AP - Applications for unemployment benefits soared to the highest level since just after the Sept. 11, 2001, terrorist attacks while the trade deficit shrank more than expected as demand for imports plunged, further evidence of the struggling U.S. economy.
2008-11-13 15:42
Austrian incest father charged with murder: official (AFP)
AFP - Josef Fritzl, 73, who held his daughter as a sex slave in a cellar for 24 years, has been charged with murdering one of the children he had with her, according to the charge sheet published Thursday.
2008-11-13 15:42
Germany and China feel the pain of global downturn (Reuters)
Reuters - Germany is in recession and China's industry output growth has waned to its weakest in seven years, data from the world's top exporting nations showed on Thursday, providing further evidence of a global economic slide.
2008-11-13 15:42
Jobless claims reach 7-year high (Reuters)
Reuters - The number of workers filing new claims for jobless benefits rose last week to 516,000, the highest level since the weeks following the September 11, 2001 attacks, the Labor Department reported on Thursday.
2008-11-13 15:42
Jobless claims jump unexpectedly to 7-year high (AP)
AP - The number of newly laid-off individuals seeking unemployment benefits has jumped to a level not seen since just after the Sept. 11, 2001, terrorist attacks.
2008-11-13 15:42
Wall Street heads to a mostly lower open (AP)
AP - Wall Street received more signs of a deep economic slump Thursday as the government reported a larger-than-expected jump in unemployment claims and Wal-Mart Stores Inc. narrowed its full-year earnings guidance. Stock index futures headed toward mostly lower opening.
2008-11-13 15:08
Democrat takes lead in Alaska Senate race (AP)
AP - Just as Sen. Ted Stevens appeared ready to take his criminal record back to Congress
2008-11-13 15:08
Wall Street heads to a mixed open (AP)
AP - Wall Street headed for a mixed open Thursday, with investors worried about a deep economic slump after Wal-Mart Stores Inc. trimmed its full-year earnings guidance.
2008-11-13 15:08
Oil price drop may mean lower heating costs (AP)
AP - The dramatic drop in world oil prices means a break this winter in heating costs, although households will still be paying more than they did last winter, the government says.
2008-11-13 15:08
Economic group says developed world in recession (AP)
AP - The world's developed economies have slid into recession and will shrink further in 2009, a top international organization said Thursday.
2008-11-13 15:08
Foreclosure rates up 25 percent year-over-year (AP)
AP - The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed.
2008-11-13 14:34
Austrian incest father Fritzl charged with murder (Reuters)
Reuters - Austrian Josef Fritzl, who imprisoned his daughter in a cellar for 24 years and fathered seven children by her, has been charged with the murder of one of their children who died shortly after birth.
2008-11-13 14:34
Oil hits 22-month low below $55, demand sinks (Reuters)
Reuters - Oil dropped to a 22-month low under $55 on Thursday as evidence piled up global recession would have a deep impact on demand and news OPEC might take more emergency action did only a little to halt the sell-off.
2008-11-13 14:34
Iran diplomat kidnapped, insecurity mounts in Pakistan (Reuters)
Reuters - Gunmen abducted an Iranian diplomat in Peshawar Thursday, a day after a U.S. aid worker was shot dead in the city on the front line of an Islamist insurgency sweeping northwest Pakistan and parts of Afghanistan.
2008-11-13 14:34
U.S. critical of Russia's Baltic missile threats (Reuters)
Reuters - The United States views Russian threats to place tactical missiles in the Baltic enclave of Kaliningrad as provocative and misguided, U.S. Defense Secretary Robert Gates said on Thursday.
2008-11-13 14:34
Microsoft adding more networking to Windows Live (AP)
AP - Microsoft Corp. is planning a Windows Live update in the coming weeks that adds social networking features to the software maker's instant messaging program, free Hotmail e-mail service and other sites.
2008-11-13 13:22
Oil sinks below $55, economy destroys demand (Reuters)
Reuters - Oil dropped to a 22-month low under $55 on Thursday as evidence piled up global recession would have a deep impact on demand and news OPEC might take more emergency action did only a little to halt the sell-off.
2008-11-13 13:22
Lakers 7-0, Paul Pierce delivers Hawks first loss (AP)
AP - The Los Angeles Lakers had a surprisingly easy time staying undefeated. Only a "Super" effort kept the Atlanta Hawks from joining them.
2008-11-13 12:14
Germany in recession as US scraps toxic asset buy-up (AFP)
AFP - Germany, Europe's biggest economy, entered recession Thursday amid more heavy falls on stock markets after the US scrapped plans to buy up toxic mortgage assets at the heart of the financial crisis.
2008-11-13 12:14
OECD sees recession hitting, urges stimulus moves (Reuters)
Reuters - The Organization for Economic Cooperation and Development slashed its economic output forecasts for the United States, Japan and euro zone on Thursday and said the 30-nation OECD area appeared to have entered recession.
2008-11-13 12:14
Germany enters recession, China output growth hit (Reuters)
Reuters - Germany has fallen into recession and China's industry output growth waned to its weakest in seven years, data showed on Thursday, reinforcing evidence the financial crisis is plunging the world into a painful downturn.
2008-11-13 12:14
Chesney snags 4th entertainer of the year award (AP)
AP - Kenny Chesney won only one of the seven awards he was nominated for at the CMA Awards, but he sure made it count.
2008-11-13 12:14
Study: Calif dirty air kills more than car crashes (AP)
AP - Lowering air pollution in Southern California and the San Joaquin Valley would save more lives annually than ending all motor vehicle fatalities in the two regions, according to a new study.
2008-11-13 11:06
German economy in recession: Destatis data (AFP)
AFP - Europe's biggest economy Germany has fallen into recession, the latest victim to the global financial crisis, official Destatis figures showed on Thursday.
2008-11-13 11:06
Suicide blast kills 11 in Afghanistan (Reuters)
Reuters - A suicide car-bomber attacked a convoy of U.S.-led troops in eastern Afghanistan Thursday killing 11 people, including a U.S. soldier, and wounding 58, the U.S. military said.
2008-11-13 11:06
Iranian diplomat abducted in Pakistan's Peshawar (Reuters)
Reuters - Gunmen abducted an Iranian diplomat in Peshawar Thursday, a day after a U.S. aid worker was shot dead in the city on the front line of an Islamist insurgency sweeping northwest Pakistan and parts of Afghanistan.
2008-11-13 11:06
Cheney set to meet with his successor Joe Biden (AP)
AP - The high-profile White House meeting this week between outgoing and incoming presidents is being followed Thursday night by a much lower-key get-together hosted by Vice President Dick Cheney for his successor, Democrat Joe Biden.
2008-11-13 11:06
Afghan bombing kills 21, including US soldier (AP)
AP - A suicide bomber targeting a passing U.S. military convoy blew up his car near a crowded market in eastern Afghanistan Thursday, killing at least 21 people, including an American soldier, officials said.
2008-11-13 10:30
Palin to give views on the future of the GOP (AP)
AP - Alaska Gov. Sarah Palin is sending signals that she is open to running for president in 2012, but another potential candidate is sending a different message: Republicans can't get ahead of themselves.
2008-11-13 10:30
Bush to warn of protectionism at economic summit (AP)
AP - Setting a tone for an economic summit on his turf, President George W. Bush plans to tell world leaders that reforming financial markets alone won't help if they abandon the free market and restrict trade.
2008-11-13 09:48
Israel says hopes Gaza truce holds after violence (AFP)
AFP - Israel indicated on Thursday that it hoped a truce in the Gaza Strip will hold despite a flare-up of violence in and around the besieged Palestinian territory in recent days.
2008-11-13 09:48
U.S. trails other nations in chronic illness care (Reuters)
Reuters - Chronically ill Americans are more likely to forgo medical care because of high costs or experience medical errors than patients in other affluent countries, according to a study released on Thursday.
2008-11-13 09:48
Foreclosures up 25 percent: RealtyTrac (Reuters)
Reuters - U.S. foreclosure activity in October rose 25 percent from a year earlier, although filings in California fell by double-digit percentage points for the second consecutive month due to a state law slowing the foreclosure process, according to a monthly report by RealtyTrac.
2008-11-13 09:48
Medvedev: ready to respond if U.S. ends missile plan (Reuters)
Reuters - Russia could cancel its deployment of missiles near the Polish border if U.S. President-elect Barack Obama scraps plans for a missile defense system in central Europe, Russian President Dmitry Medvedev said.
2008-11-13 09:48
Germany falls into recession, Japan to boost IMF (Reuters)
Reuters - Germany has fallen into recession and China industry output growth dropped to its lowest in seven years, data showed on Thursday, reinforcing fears the financial crisis is plunging the world into a painful downturn.
2008-11-13 08:40
Iranian diplomat kidnapped in volatile Pakistan city (Reuters)
Reuters - Gunmen kidnapped an Iranian diplomat in northwestern Pakistan's Peshawar on Thursday, officials said, soon after a U.S. aid worker was killed in a city hit hard by an Islamist insurgency spreading from Afghanistan.
2008-11-13 08:40
Oil falls to 22-month low at $55 on recession fears (Reuters)
Reuters - Oil fell for a third straight day on Thursday to hit a 22-month low of $55 a barrel as mounting pessimism about the global economy outweighed OPEC's comments that it could cut output again as early as end-November.
2008-11-13 08:40
Japan to offer funding for IMF as gloom deepens (Reuters)
Reuters - Japan will offer up to $100 billion to the International Monetary Fund for emerging economies in a new effort to come to grips with the fast-moving financial crisis that threatens to tip the world into a deep and long recession.