Reuters - The Dow and S&P 500 edged lower on Wednesday as uncertainty about when Congress might approve a proposed $700 billion financial sector bailout offset Warren Buffett's $5 billion bet on Goldman Sachs.

Reuters - Congress looked close to reaching a deal to approve a $700 billion plan to bail out the U.S. financial system and President George W. Bush called an emergency meeting for Thursday to hammer out details.

Reuters - Washington Mutual Inc , the large U.S. savings and loan company crippled by mortgage losses, has approached private equity firms about a potential takeover after listed firms showed reluctance, the Wall Street Journal.

AFP - Britain's biggest retailer Tesco said Wednesday it had taken certain Chinese sweets off its shelves due to fears over the contaminated milk product scandal.

Reuters - Stocks fell on Tuesday on fear that congressional wrangling could delay a proposed $700 billion plan to rescue the financial sector, increasing worries about the struggling U.S. economy.

Reuters - Oil dipped on Wednesday as concerns over the U.S. economy and sliding fuel demand outweighed hurricane-related supply disruptions that have pushed U.S. gasoline stockpiles to their lowest since 1967.

Reuters - Former General Electric Co Chairman and Chief Executive Officer Jack Welch said the U.S. economy faces a deep downturn in coming quarters, and he supports a proposed $700 billion government rescue package for the financial sector.

Reuters - The FBI is investigating Fannie Mae , Freddie Mac , Lehman Brothers Holdings Inc and insurer American International Group Inc , expanding its probe of potential corporate fraud, law enforcement officials said on Wednesday.

Reuters - The Dow and S&P 500 barely budged on Wednesday as investors' uncertainty about when Congress might approve a proposed $700 billion bailout for the financial sector offset news of Warren Buffett's $5 billion investment in Goldman Sachs.

Reuters - The White House's proposed $700 billion financial bailout met skepticism and anger from lawmakers on Wednesday, stoking fresh anxiety on Wall Street despite a $5 billion Wall Street investment by billionaire Warren Buffett that was hailed as a vote of confidence.

AP - A change at the top may not be enough to jump-start Circuit City Stores Inc., after the head of the nation's No. 2 consumer electronics retailer abruptly resigned amid plummeting stock prices and calls for his ouster.

AFP - The dollar recovered some ground on Tuesday as players awaited the outcome of a US government plan to bail out a banking system crippled by the subprime home loan crisis.

Reuters - The FBI is investigating Fannie Mae , Freddie Mac , Lehman Brothers Holdings Inc. and insurer American International Group Inc. and their senior executives for potential mortgage fraud, CNN reported on Tuesday.