Dow up 494 as Obama prepares to name treasury boss
NEW YORK - Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next treasury secretary and hand him the herculean task of righting the U.S. financial system.
People:Henry Paulson Barack Obama George W. Bush Activities:U.S. Markets
2008-11-21
Recession fears send world markets down
LONDON - European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before.
Nations:Italy South Korea Australia Activities:Asian Markets European Markets Source:(AP)
2008-11-20
Even as winds calm, more Californians flee fires
DIAMOND BAR, Calif. - More residents of Southern California were urged to leave their homes Sunday despite calming winds that allowed a major aerial attack on wildfires that have destroyed hundreds of homes and blanketed the region in smoke.
Nations:U.S. People:Michael Moore Arnold Schwarzenegger Activities:2008 California Fire
2008-11-16
Southern Calif. firefighters aided by calmer wind
BREA, Calif. - Calmer wind Sunday aided firefighters battling wildfires that have destroyed hundreds of homes in Southern California, forced thousands of residents to flee and blanketed much of the region with choking smoke.
Nations:U.S. People:Arnold Schwarzenegger Activities:2008 California Fire Source:(AP)
2008-11-16
Los Angeles fears blackouts as wildfire burns
LOS ANGELES - A wildfire whipped up by hurricane-force gusts raged through northwestern Los Angeles foothills on Saturday, burning some 165 homes and threatening the power supply of California's largest city.
Nations:U.S. People:Arnold Schwarzenegger Activities:2008 California Fire Source:(Reuters)
2008-11-15
Election spurs 'hundreds' of race threats, crimes
Cross burnings. Schoolchildren chanting "Assassinate Obama." Black figures hung from nooses. Racial epithets scrawled on homes and cars.
Nations:U.S. People:Barack Obama Activities:US Election 2008 Source:(AP)
2008-11-15
Designer Anand Jon guilty of rapes, sex assaults
LOS ANGELES - Celebrity fashion designer Anand Jon was convicted on Thursday of raping and sexually assaulting aspiring models as young as 14.
Nations:U.S. People:Anand Jon Paris Hilton Janet Jackson Source:(Reuters)
2008-11-14
Dow ends up nearly 553 in rebound from selloff
NEW YORK - Wall Street launched a massive rebound Thursday, muscling the Dow Jones industrial average up nearly 553 points after driving it down near its lows for the year, as investors decided they did not want to miss out on cheap stocks.
Activities:U.S. Markets Source:(AP)
2008-11-13
U.S. foreclosure rates up 25 percent year-over-year
MIAMI - The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed.
Nations:U.S. People:Henry Paulson Activities:U.S. Foreclosure Crisis Source:(AP)
2008-11-13
Stocks plunge for third straight session
NEW YORK - An increasingly despondent Wall Street fell for the third straight session Wednesday as investors absorbed another series of dismal corporate reports and news that the government won't buy banks' soured mortgage assets after all. The Dow Jones industrials dropped more than 410 points, and all the major indexes lost more than 4 percent.
People:Henry Paulson Activities:U.S. Markets
2008-11-12
Government launches new mortgage aid effort
WASHINGTON - Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough.
Nations:U.S. People:Nancy Pelosi Charles Schumer Activities:U.S. Foreclosure Crisis
2008-11-11
Obama reviews Bush orders on stem cells, drilling
WASHINGTON - President-elect Obama's transition chief said Sunday the incoming administration is reviewing President Bush's executive orders on stem cell research, oil and gas drilling and other matters.
Nations:U.S. People:Nancy Pelosi John McCain Activities:Obama Admin. Bush Admin. Source:(AP)
2008-11-09
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