Economy Oct 22 Weak Earnings Reports Trigger Market Losses A number of poor earnings reports from major corporations, including Wachovia Corp. and Merck & Co., caused U.S. stocks to drop more than 500 points Wednesday.
Economy Oct 21 Fed to Provide Up to $540 Billion to Money Market Funds The Federal Reserve took new steps Tuesday to loosen struggling credit markets, authorizing a new plan to inject liquidity into money markets as the government continued to search for ways to ease a global financial crisis.
Economy Oct 21 Pakistan Looks to Raise Billions in Foreign Loans Pakistan must raise between $10 billion to $15 billion over the next few weeks in order to keep making debt payments and pay for imports, the country's new economic affairs adviser Shaukat Tarin has said.
World Oct 20 Taliban Kill Christian Aid Worker in Afghanistan Taliban gunmen killed a Christian aid worker walking to work Monday in Afghanistan's capital because she was spreading her religion, the militant group said.
Economy Oct 20 Stocks Rise on Signs of Credit Thaw, News of Global Summit U.S. stocks rose Monday following word from President Bush, French President Nicolas Sarkozy and European Commission President Jose Manuel Barroso over the weekend that they plan to hold a series of summits on the global financial crisis.
Economy Oct 17 President Bush Stands by Government Action; Housing Starts Fall in September President Bush sought to reassure Americans that moves taken by the federal government would be bold enough to ease the financial crisis even as new reports showed further declines in the housing market.
Science Oct 17 Researchers Search for New Weapons in Fight Against TB Last year, a young lawyer with drug-resistant tuberculosis travelled overseas despite the fact that he was on the U.S. no-fly list, sparking a media storm and bringing the lung disease back into national awareness.
World Oct 17 Turkey Gains Non-permanent Seat on U.N. Security Council Turkey was elected, along with four other countries, as a non-permanent member of the U.N. Security Council on Friday for the first time since 1961.
Nation Oct 16 Draft Pact Says U.S. Forces Would Leave Iraq in 2011 After months of talks, Washington and Baghdad settled upon a draft security deal that would have U.S. troops leave Iraq by the end of 2011 unless Iraq asks them to stay longer.
Economy Oct 15 European Leaders Call for Summit to Overal Global Financial System As the world's industrialized nations continued to roll out more plans to bolster flagging economies, European leaders called for a review of the global financial system.