Economy Oct 03 Employers Slash 159,000 Jobs in September Employers cut payrolls by 159,000 in September, the most in more than five years, the Labor Department reported Friday, raising new fears that the economy has lost its footing and is sliding into a recession.
Economy Oct 03 Wachovia Spurns Citibank, Will Be Acquired by Wells Fargo Wachovia Corp. changed course on a buyout deal Friday, agreeing to be acquired by Wells Fargo & Co. in a $15.1 billion all-stock deal, reversing an earlier agreement to be acquired by Citigroup.
Economy Oct 02 House Leaders Count Votes, Target GOP Holdouts in Attempt to Pass Rescue Package The Treasury Department's plan to buy bad mortgage-related securities returns to the House Friday, as lawmakers lobby their own party members and hope tax cuts and financial rule changes will convince holdout Republicans to vote yes.
Politics Oct 02 Judge Rejects Call to End Stevens Corruption Trial Hours after angrily chiding federal prosecutors for an evidence-withholding mistake, a federal judge in Washington rejected a request on behalf of Alaska Sen. Ted Stevens to dismiss corruption charges or declare a mistrial Thursday afternoon.
Nation Oct 02 Suicide Bombers Attack Two Baghdad Mosques Two suicide bombers detonated explosives near two mosques in Baghdad as Shiite worshippers were celebrating the end of Ramadan, killing at least 24 people and injuring more than 50, said police.
Economy Oct 02 Reports: High Unemployment, Low Manufacturing Stocks dropped early in trading Thursday after the government reported that the number of people seeking unemployment benefits rose to a seven-year high and that orders for manufactured goods dropped by 4 percent in August.
Economy Oct 01 Senate Approves Massive Financial Rescue Plan; House May Vote Friday With bipartisan support, the Senate easily approved a massive federal rescue plan aimed at stabilizing the economy and freeing up the crippled credit market Wednesday night. The vote was 74-25.
Nation Oct 01 As Standoff Continues, Somalia Permits Foreign Navies to Attack Pirates Six days after a Ukrainian freighter laden with military hardware was hijacked in the Indian Ocean, the Somali government said Wednesday that it will allow foreign navies to attack the Somali pirates behind the takeover.
Nation Oct 01 U.S. Transfers Sunni Fighters to Iraqi Control The U.S. military on Wednesday began transferring control of about 100,000 fighters under the Sunni Awakening Councils, who are working to defeat al-Qaida in the region, to the Iraqi government.
Health Sep 30 China Detains 22 People Over Contaminated Milk The Chinese government has said it detained 22 people suspected of operating an underground network that added the industrial chemical melamine to milk. The contamination has sickened more than 50,000 children in China.