AP - 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.
AP - Congress promised quick action on a plan to buy up toxic assets, such as bad mortgages, held by troubled banks and other institutions, hoping to lift the nation out of its worst financial crisis in decades.
AFP - Zimbabwe's leaders failed Thursday to agree on who will get which key ministries in a new unity government and have referred the matter to negotiators, days after signing a historic power-sharing deal.
AFP - World central banks took unprecedented action Thursday to flood desperately tight money markets with dollars as investors worried who the next victim of the global financial turmoil could be.
Reuters - A U.S. soldier who admitted involvement
in the shooting of detainees in Iraq early last year has been
sentenced to seven months in jail and will be dishonorably
discharged, the army said on Thursday. -- read full article
Reuters - The Pentagon is taking a close look at
its war strategy in Afghanistan in the face of rising violence
from an increasingly complex insurgency, Defense Secretary
Robert Gates said on Thursday.
Reuters - Neither Barack Obama nor John McCain
is known for economic expertise but it's a safe bet that
managing the fallout from the financial industry's meltdown
will be a top priority for the next U.S. president.
Reuters - Yemeni authorities have arrested 30
people suspected of belonging to al Qaeda following an attack
on the heavily fortified U.S. embassy in Sanaa, a security
source said on Thursday.
Reuters - The world's top
central banks joined forces on Thursday to throw a
multi-billion dollar lifeline to global markets in a dramatic
effort to free up bank-to-bank lending frozen by upheavals on
Wall Street.
Reuters - New York has started a wide-ranging
probe into possible illegal short-selling in the stocks of Wall
Street firms such as Goldman Sachs Group Inc and Morgan
Stanley , Attorney General Andrew Cuomo said on Thursday. -- read full article
Reuters - Morgan Stanley topped the list of
major financial companies scrambling to find a buyer as its
shares tumbled another 35 percent, while central banks rushed
in $180 billion in extra liquidity to calm panicked stock and
money markets.
Reuters - Republican presidential
nominee John McCain said on Thursday a top Bush administration
official should be fired for failing to regulate Wall Street
and allowing markets to be used as a casino.
AP - NFL commissioner Roger Goodell has followed up his suspension of a Tampa Bay cornerback by re-emphasizing safety issues and warning that even first-time offenders will be subject to discipline. -- read full article
AP - Brad Pitt has donated $100,000 to fight California's November ballot initiative that would overturn the state Supreme Court decision legalizing same-sex marriage.