Economy Oct 08 Fed, European Banks Coordinate Interest Rate Cut Facing worries of a global recession, the Federal Reserve and six other major central banks from around the world announced a coordinated half a percentage point interest rates cut on Wednesday.
Politics Oct 07 Anti-Government Protests Rattle Thailand Thousands of anti-government protesters barricaded Thailand's parliament Tuesday, leading to clashes with riot police and to the deployment of troops to curb political unrest on the streets of Bangkok.
Economy Oct 07 Fed Aims to Unfreeze Credit Markets With Plan to Buy Short-Term Debt The Federal Reserve announced a plan Tuesday to buy short-term debt directly from businesses, in an effort to stimulate paralyzed credit markets and get cash to companies that need it.
Nation Oct 06 General, Dozens More Killed in Sri Lankan Blast A suspected rebel suicide bomber killed at least 26 people, including a prominent retired army general, during an attack inside an opposition party office in northern Sri Lanka Monday.
Economy Oct 06 Stocks Drop Over Continuing Credit Fears U.S. stocks fell more than 6 percent Monday morning and the Dow Jones industrial average fell below 10,000 for the first time since October 2004.
Science Oct 06 European Scientists Share Nobel Prize for Medicine Three European scientists will share this year's Nobel Prize for Medicine, for identifying two deadly sexually transmitted viruses, the Nobel committee announced Monday.
Economy Oct 03 House Passes $700 Billion Financial Bailout Bill The House of Representatives passed hotly-debated legislation Friday to bail out the troubled financial industry by a 263-171 vote, agreeing to the Senate bill that passed on Tuesday and sending it to the White House for President Bush's signature.
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.