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1. The Dow was ending the week on a rather sour note. Traders push the index down more than 300 points today as investors appear to be betting on a long and deep recession. Stocks overseas were also down sharply. 2. Republican vice presidential cand
1. Actor Paul Newman has died at the age of 83. His publicist says he died yesterday at his farmhouse near Westport, Connecticut after a long battle with cancer. Newman was a ten-time Oscar nominee, winning once for the Color of Money in 1987. 2. Co
1. Republican presidential nominee John McCain says he will stop campaigning tomorrow so he can return to Washington and focus on the country's economic crisis. He's also calling on his staff to work with Barack Obama's campaign so they can delay th
1. A key Democrat in Congress says President Bush has agreed to strong congressional oversight and mortgage aid as part of the 700-billion-dollar bailout plan. An administration official says there's an agreement to prevent foreclosures on mortgages
1. Illinois police are still searching for the seven-year-old nephew of Oscar-winning actress Jennifer Hudson. An AMBER Alert was issued for him after Hudson's mother and brother were found slain. Police have a suspect in custody. 2. In a scramble t
1 Florida authorities have let an evacuation order for the Florida Keys expire. Forecasters say it is still too early to tell where the storm is headed. Gulf Coast officials are watching Ike's path, which is projected to head into the central Gulf t
1. The Dow Industrials rose nearly 142 points after more than a 500-point drop Monday. The move came as the Fed left interest rates unchanged and also pumped 70 billion dollars into the financial system. 2. Residents of Galveston in Texas have been
1. President Bush says the financial markets are adjusting to the extraordinary measures the government has taken to stabilize the economy. He did not specify what additional steps the government might take. But Bush cancelled his travel plans for t
1. The Bush administration and Congress are working through the weekend to hammer out a Wall Street rescue plan. President Bush is asking lawmakers to let the government buy 700 billion dollars in bad mortgages from US financial institutions for the
1. Stocks close sharply lower as investors worry that the economy is poised to weaken even as frozen credit markets slowly start to show signs of recovery. The Dow Jones Industrials ended down 515 points after being down nearly 700 points in the fin
1.With the economy on the brink and elections looming, Congress approved an unprecedented 700-billion-dollar rescue package for the financial industry. Shortly after the vote, President Bush signed it Friday afternoon. 2.Stocks climbed as the House
1. Another day of wild swings on Wall Street with stocks finishing the day on a solid gain, ending up about 400 points. But investors are still sorting through mixed economic data for clues about the health of economy. 2. Republican John McCain decl
1. A possible immigration reform deal will be announced by a bipartisan group of leading senators today. It covers border security, guest workers and employer verification, as well as a path to citizenship for the 11 million illegal immigrants alread
1. Good news on the job front. Employers in April add 165,000 jobs. The unemployment rate falling to 7.5%. But the Fed says it will keep short-term interest rates low until unemployment falls to 6.5%. 2. The surge in hiring sent stocks higher, climbi
1. Hurricane Ike sent waves crashing over a seawall as it steamed toward Texas Friday. The powerful storm is threatening to devastate coastal towns and batter America's fourth largest city. Ike's eye was forecast to strike near Galveston late tonigh
1. Hundreds of thousands of people are evacuating the Southeast Texas Gulf Coast. Forecasters say Hurricane Ike could grow into a Category 4 before it makes landfall. It could reach the coast by late Friday. 2. Ceremonies in New York, at the Pentago
1. Senator John McCain takes to the stage in St.Paul, Minnesota tonight, accepting the Republican Party nomination for president. He is expected to discuss his military service and differences with Democratic rival Barack Obama. 2. The Atlantic Coas
1. Republican presidential candidate John McCain greeted his running mate and her family at the Minneapolis-St. Paul Airport this afternoon. Alaska Governor Sarah Palin is getting ready for what could be the biggest night of her life. Palin will add
1. Wall Street closes to modest losses as investors wait for a Senate vote on helping out the financial market. The Dow was down more than 200 points early but recovered to a loss of 19 points. 2. In Washington, high hopes that revised financial res
1. Treasury Secretary Henry Paulson is warning against isolationism and protectionism in the midst of the world financial crisis. He spoke at a meeting of the World Bank's policy-setting committee in Washington on how to deal with the meltdown. 2. E