AP - Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday.
AP - Wall Street suffered through another traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points and setting a new record for a one-day point drop as investors despaired that the credit crisis would take a heavy toll around the world. The Dow also fell below 10,000 for the first time since 2004, and all the major indexes fell more than 7 percent.
AFP - A strong earthquake hit Kyrgyzstan, killing 65 people mainly in a remote village near the border with China that rescuers were racing to reach, officials said Monday.
AFP - Germany guaranteed all bank savings and stepped in with the biggest bank rescue in the country's history, as the world financial crisis showed no sign of easing.
Reuters - COLOMBO (Reuters) -- A Sri Lankan suicide bomber killed 26 people at an ancient tourist town on Monday, including a popular retired army general who was the main opposition party's provincial leader.
Reuters - With a month to go before the U.S. election on November 4, Democratic vice presidential nominee Joe Biden canceled campaign events for another two days on Sunday after the death of his mother-in-law.
Reuters - A bus traveling to a casino in northern California ran off a rural road and overturned, killing at least 10 people, the San Francisco Chronicle and other media reported on Monday. -- read full article
Mon, 06 Oct 2008 08:34:24 GMT - Yahoo! News: Top Stories
Reuters - ImClone Systems Inc has agreed to be acquired by Eli Lilly and Co for about $6.1 billion after rebuffing a sweetened takeover offer from Bristol-Myers Squibb, sources familiar with the situation said on Monday.
Reuters - U.S. Treasury Secretary Henry Paulson is expected to name Neel Kashkari to oversee the $700 billion program to buy distressed assets from financial institutions, The Wall Street Journal reported on Sunday.
Reuters - Democrat Barack Obama counterattacked on Sunday against a new Republican tactic by saying rival John McCain was more interested in a smear campaign than fixing the U.S. economy.
Reuters - The U.S. Federal Reserve is brokering discussions between Wells Fargo & Co and Citigroup Inc over which of the banks will buy Wachovia Corp's assets, people familiar with the matter said on Sunday.
Reuters - More European governments followed Germany's lead on Monday offering blanket deposit guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in 80 years.
AP - After 11 consecutive losses and two straight playoff sweeps, the Los Angeles Angels had grown tired of being a bump in Boston's road to the World Series.
AP - Warning: young children should not keep hedgehogs as pets or hamsters, baby chicks, lizards and turtles, for that matter because of risks for disease.