Yahoo! News: Top StoriesDow industrials plunge 500 amid global sell-off
(AP)
AP - Wall Street tumbled again Monday, joining a sell-off around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other governments. The Dow Jones industrials skidded nearly 500 points and fell below 10,000 for the first time in four years, while the credit markets remained under strain.
Economists say shaky economy may last for a while
(AP)
AP - A growing number of economists believe the country is on the brink of — or already in — its first recession since 2001 and that it will be longer lasting.
Palin criticizes Obama's ties to Wright, Ayers
(AP)
AP - Republican vice presidential candidate Sarah Palin expanded her attack on Democrat Barack Obama's character Monday to include his relationship with an incendiary former pastor as well as his ties to 1960s-era radical Bill Ayers.
Official: Kashkari to be tapped to head bailout
(AP)
AP - An official says the administration has decided to pick a key Treasury Department official to be the interim head of its $700 billion rescue effort for financial institutions.
OJ Simpson jury says witness testimony not trusted
(AP)
AP - Jurors who found O.J. Simpson guilty in his armed robbery trial say secret audio tapes and surveillance video swayed them more than witness accounts.
Ford feature will let parents set limits for teens
(AP)
AP - So you think junior is a little too lead-footed when he drives the family car? Starting next year, Ford Motor Co. will give you the power to do something about it.
3 share Nobel prize for work on AIDS and cancer
(AP)
AP - Three European scientists shared the 2008 Nobel Prize in medicine on Monday for separate discoveries of viruses that cause AIDS and cervical cancer, breakthroughs that helped doctors fight the deadly diseases.
Doctors: No hamsters or exotic pets for young kids
(AP)
AP - Warning: young children should not keep hedgehogs as pets — or hamsters, baby chicks, lizards and turtles, for that matter — because of risks for disease.
Miley Cyrus celebrates Sweet 16 at Disneyland
(AP)
AP - Miley Cyrus' 16th birthday party was more boisterous than sweet. Cyrus celebrated the hallmark birthday at an over-the-top Disneyland celebration Sunday — even though she doesn't actually turn 16 until Nov. 23. The theme park was closed for the supersized soiree, which included a four-song performance by the teen queen and a fireworks display above Sleeping Beauty Castle and 16 giant inflatable candles.
Both American League series play game 4 today
(AP)
AP - The American League Division Series resume today with the Tampa Bay Rays playing the White Sox in Chicago and the Los Angeles Angels facing the Red Sox in Boston. Both are game 4 in the best-of-5 series with the Rays and Red Sox leading 2 games to 1. The National League Championship Series between the Los Angeles Dodgers and the Philadelphia Phillies begins on Thursday.
Governments struggle to stem financial crisis
(Reuters)
Reuters - More European governments followed Germany's lead on Monday offering guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in nearly 80 years.
Stocks plummet on credit, recession fears
(Reuters)
Reuters - Stocks plunged on Monday, sending the S&P 500 down more than 5 percent and the Nasdaq down more than 6 percent, on fears the widening credit crisis would drag the global economy into recession.
Eli Lilly agrees to buy ImClone for $6.5 billion
(Reuters)
Reuters - Eli Lilly and Co has agreed to acquire ImClone Systems Inc for $6.5 billion, potentially bringing to a close one of the most colorful corporate sagas in biotech history.
AIDS pioneers and cancer scientist win Nobel prize
(Reuters)
Reuters - Two French scientists who discovered the AIDS virus and a German who bucked conventional wisdom to find a cause of cervical cancer were awarded the 2008 Nobel prize for medicine on Monday.
Fed to boost auctions, pay interest on reserves
(Reuters)
Reuters - The Federal Reserve on Monday announced a series of steps to funnel massive amounts of liquidity through clogged credit markets, including boosting the sizes of cash auctions and offering banks interest on reserves.
Fed moves to broker deal for Wachovia: sources
(Reuters)
Reuters - The U.S. Federal Reserve is brokering discussions between Wells Fargo & Co and Citigroup Inc over which of the banks will buy Wachovia Corp's assets, people familiar with the matter said on Sunday.
U.S. to allies: Fight in Afghanistan or write check
(Reuters)
Reuters - The United States has asked Japan and NATO allies who have refused to send troops to Afghanistan to pay the estimated $17 billion needed to build up the Afghan army, according to U.S. defense officials.
Paulson to name adviser to oversee U.S. bailout: report
(Reuters)
Reuters - Treasury Secretary Henry Paulson is expected to name Neel Kashkari to oversee the $700 billion program to buy distressed assets from financial institutions, The Wall Street Journal reported on Sunday.
Global stocks slump as financial crisis escalates
(AFP)
AFP - World stock markets plunged on Monday, striking four-year lows in London and New York, as the financial crisis showed no sign of abating despite a multi-billion-dollar bailout for US banks.
Research on AIDS virus and cancer wins Nobel Medicine Prize
(AFP)
AFP - French and German scientists credited with the discovery of the viruses behind AIDS and cervical cancer won Monday the Nobel Medicine Prize, the first of the prestigious awards to be announced this year.
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