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.
Reuters - Investment bank Morgan Stanley
is weighing whether it should remain independent or merge with
a bank, give the recent turbulence in the company's share
price, broadcaster CNBC reported on Wednesday.
Reuters - U.S. authorities engineered an $85
billion rescue of insurance giant American International Group
Inc , staving off bankruptcy and bringing a measure of
calm to shell-shocked global markets.
AP - 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.
AP - Trucking companies should work harder to enforce that their drivers get rest, and the government should move toward mandating the use of alarm systems to alert exhausted truckers, a federal board recommended. -- read full article
AP - 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.
AP - Rivals for the leadership of Israel's ruling party faced off Wednesday in a race which will put one of them a step closer to leadership of the country.
AP - A car bomb targeting the U.S. Embassy hit the front gate of the compound in Yemen's capital on Wednesday, causing unspecified casualties, a U.S. spokesman said.
AP - Asian stock markets partly recovered Wednesday after the U.S. government announced a $85 billion plan to bail out troubled insurance giant American International Group Inc.
AP - Another day, another bailout. 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.
AFP - Ukraine's governing coalition collapsed on Tuesday in a crisis that threatens to knock the ex-Soviet country of 47 million people off its pro-Western course and back into Moscow's orbit.
AFP - World stock markets tumbled for a second straight day on Tuesday, with investors unnerved by the risk of a full-blown global financial crisis despite huge cash injections from central banks.
