1. The rollercoaster ride on Wall Street is continuing. The Dow shot up today at one point more than 470 points on news that fewer people join the unemployment lines last week. Analysts say it may be a sign that job market is slowly improving. 2. Bri...
1. Conservative Texas Republican Congressman Jeb Hensarling has been chosen to co-chair a powerful new committee. It's supposed to find a bipartisan plan to cut the federal budget deficit by more than $1 trillion. 2. Another down day on Wall Street....
[1]Most global stock markets are rising today following Tuesday's surge onWall Street. European markets are all showing modest gain so far. Asian marketsclosed up as well following days of steep drops. [2]British PrimeMinister David Cameron says the...
1. President Barack Obama privately honored the US forces killed in the costliest attack of the Afghanistan war. The President visited Dover Air Force Base in Delaware where fallen troops come home. 2. Polygamist leader Warren Jeffs has been sentence...
1. The global market said entered a bear market territory after one of the worst days on Wall Street since 2008. Rallies by Asian and European markets were short-lived as investors worried about the US credit downgrade, Europe's debt crisis and the e...
1. Anxiety has overtaken the market in the aftermath of the SP downgrade of US debt. The Dow dropped more than 600 points on Monday, closing below 11,000. 2. Despite its credit rating downgrade, the US always has been and always will be a triple-A co...
1. NATO has started an operation to recover the remains of a helicopter shot down in Afghanistan, killing 30 Americans. U.S. officials say the Americans have just completed a mission to help an army ranger unit when their copter was hit. 2. London is...
1. Top officials of Standand Poor's are defending their decision to degrade the US government's credit rating. White House claims that it was a hasty decision based on faulty math, but the SP says it was reasoned conclusion. 2. More than 20 elite Nav...
1. A tense day on the campus of Virginia Tech. It was put under a lockdown this morning after three children attending a summer camp in the campus, reported seeing a man holding something that looked like a gun. 2. Meat giant Cargill is recalling 36...
[1]The White House isdiscounting talk economy may be headed for a second recession. PresidentBarack Obama says the economy is weak, and part because of earthquakes andEuropean debt and a long debt ceiling argument in the US. [2]In Australia, an 18-ye...
1. President Barack Obama has signed the emergency legislation to raise the nation's borrowing limit. Obama says lawmakers still need to find a balanced approach to reducing the deficit that includes adjustments to Medicare and reforming the tax code...
1. The Senate is expected to approve a higher debt ceiling limit and more than $2 trillion in spending cuts over the next decade. That's the deal that cleared the House Monday. The bill then goes on to the president for his signature. 2. An autopsy i...
1. A prosecutor says investigators searching for an 11-year-old New Hampshire girl missing for almost a week have found a female's body. The body was found near a hydroelectric dam close to Celina Cass's home. Investigators haven't identified it yet....
1. Activists say dozens of people have been killed as the Syrian government escalates its crackdown against protesters. Most of the casualties appear to be in the city of Hama. Witnesses say a barrage of shelling and gunfire has left bodies scattered...
1. The House has rejected a debt-limit bill by Senate Democratic leader Harry Reid. The move comes as time is running out for a deal to be reached. The White House says the Treasury won't be able to pay all of its bills without new legislation by Tue...
