Reuters - New York City Mayor Michael Bloomberg will seek a third term next year, believing the Wall Street crisis is so grave that a law barring him from running again should be altered, The New York Times reported on Tuesday.

Reuters - A former oil services company executive said on Tuesday at the corruption trial of U.S. Republican Senator Ted Stevens that he gave his longtime friend a good deal in a car swap and bought a generator for the lawmaker's home in Alaska.

Reuters - A senior U.S. envoy traveled to North Korea on Wednesday in a bid to rescue a faltering nuclear disarmament deal and prevent Pyongyang from rebuilding a plant that made weapons-grade plutonium.

Reuters - White House contenders Barack Obama and John McCain sought to persuade skeptical Americans on Tuesday to back a $700 billion Wall Street bailout package and planned to be in Washington on Wednesday to vote on the measure.

Reuters - The first group of EU ceasefire monitors entered the buffer zone around Georgia's breakaway region of South Ossetia on Tuesday, a Reuters reporter traveling with the patrol reported.

Reuters - A revamped financial rescue plan aimed at restoring market confidence faces a vote by the Senate late on Wednesday, reviving hopes that the lawmakers can turn the tide in the global banking crisis.

AP - Thanks to Jim Thome's bat and Ken Griffey Jr.'s arm, the AL Central has a winner at last: the Chicago White Sox.

AP - Janet Jackson was released from a Montreal hospital just two hours after she arrived, a spokeswoman for the facility said Tuesday, but it was still not clear why she was admitted.

AP - When he first took the witness stand, oil contractor Bill Allen told a federal court jury that he really liked Sen. Ted Stevens. That said, Allen now is expected to start pointing fingers at his old friend.

AP - Mayor Michael Bloomberg has decided to try to reverse the term-limits law he had long supported so he can seek a third term next year and help the city emerge from financial turmoil, a person close to the mayor told The Associated Press on Tuesday.

AP - The price of college continues to surge, and financial aid isn't keeping up. The Wall Street meltdown has hammered the stock market and college savings. And a college degree is ever more essential for finding a good job.

AP - China's government said an additional 31 batches of Chinese milk powder were found contaminated with the industrial chemical melamine, further broadening a scandal affecting products ranging from baby formula to chocolate.

AP - A missile strike by a suspected U.S. drone killed at least six people in a Pakistani tribal region near the Afghan border, two Pakistani intelligence officials said Wednesday.

AP - Presidential candidates Barack Obama and John McCain worked to cool the partisan heat of the financial crisis, with both calling for Congress to regroup and act quickly to prevent a feared financial collapse and foster confidence in the banking system.

AP - Most Asian markets bounced back Wednesday on hopes that a $700 billion bailout for the U.S. financial system will soon win legislative approval, although doubts persisted about the long-term outlook for the global economy.