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.
Reuters - World stocks steadied on Wednesday and safe-haven government bonds rose after Warren Buffett's investment in Goldman Sachs failed to calm anxiety over the prospects for Washington's $700 billion bank bailout. -- read full article
Reuters - Warren Buffett's $5 billion investment in Goldman Sachs brought good news to global markets worried that architects of a $700 billion bailout plan would not be able to convince U.S. lawmakers to move swiftly. -- read full article
AP - The New York Yankees will miss the postseason for the first time since starting their run in 1995. Mike Mussina pitched five shutout innings to earn his 19th win, Jason Giambi homered and the Yankees beat the Toronto Blue Jays 3-1 on Tuesday night.
AP - A regulatory group told hospitals Wednesday to adopt strict measures to prevent errors involving blood thinners including heparin — mistakes that have been made nearly 60,000 times and led to dozens of deaths in recent years. -- read full article
AP - Outspoken conservative Taro Aso took power as Japan's prime minister on Wednesday after he overcame opposition forces in a split parliament, tasked with rejuvenating the ailing ruling party ahead of elections.
AP - Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.
AP - Afghanistan's president, who addresses the U.N. General Assembly on Wednesday, is urging the next American leader to send money, planes and equipment to strengthen the Afghan army.
AP - Major tax legislation that would save 20 million people from the clutches of the alternative minimum tax and renew dozens of popular tax breaks for businesses and individuals is being taken up in the House, where its fate is uncertain. -- read full article
AP - The Pakistani army said Wednesday it found the wreckage of a suspected U.S. spy plane near the Afghan border, but blamed a malfunction — not ground fire — for the crash.
AP - Executives whose companies get a piece of the $700 billion government bailout will have their pay packages strictly limited under proposals that are broadly supported by both Republicans and Democrats in Congress.
AFP - Eleven South African cabinet members abandoned ship on Tuesday in the wake of President Thabo Mbeki's resignation in what opposition parties termed a disaster for the country's stability.
AFP - A masked student went on the rampage at a Finnish school Tuesday, methodically gunning down 10 people before turning the weapon on himself, a day after police quizzed him over a chilling YouTube warning.
