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Fannie Mae, Freddie Mac suspend some foreclosures

NEW YORK, Nov. 20, 2008 (Reuters) — Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy. ...  > full story
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Citigroup shares slide despite Alwaleed move

NEW YORK, Nov. 20, 2008 (Reuters) — Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor. ...  > full story
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Uproar in Maine over Obama assassination sign

BOSTON, Nov. 20, 2008 (Reuters) — Passions flared in a Maine town on Thursday over a sign in a store asking customers to place bets on an assassination of President-elect Barack Obama. ...  > full story
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CIA faulted in shooting down of missionary plane

WASHINGTON, Nov. 20, 2008 (Reuters) — The CIA obstructed inquiries into its role in the shooting down of an aircraft carrying a family of U.S. missionaries in Peru in 2001, the agency's inspector general has concluded. ...  > full story
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U.S. judge orders five Algerians at Guantanamo freed

WASHINGTON, Nov. 20, 2008 (Reuters) — Five of six Algerians held nearly seven years at the U.S. military prison at Guantanamo Bay in Cuba must be released, a federal judge ruled on Thursday in a setback for the Bush administration. ...  > full story
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S&P dives to lowest level since 1997

NEW YORK, Nov. 20, 2008 (Reuters) — Stocks plunged yet again on Thursday, as a frantic flight from risk prompted by investors' deepening economic fears drove the benchmark Standard & Poor's 500 index to its lowest level since 1997 -- completing the erasure of more than a decade of stock market gains. ...  > full story
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Democrats demand Big 3 offer survival plan

WASHINGTON, Nov. 20, 2008 (Reuters) — Democratic congressional leaders seeking to salvage a bailout of the Big Three automakers demanded car executives provide a business survival plan on Thursday in exchange for their support for up to $25 billion in loans. ...  > full story
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Major shippers skirt Gulf of Aden to avoid pirates

MOGADISHU, Nov. 20, 2008 (Reuters) — Rampant piracy off Somalia is forcing shipping companies to avoid the Suez Canal and send cargoes of oil and other goods on a longer journey around southern Africa, industry officials said on Thursday. ...  > full story
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Oil drops 7 percent to 3-1/2-year low below $50

NEW YORK, Nov. 20, 2008 (Reuters) — Oil prices dropped more than 7 percent to below $50 a barrel on Thursday as a bearish U.S. jobs report intensified concerns of a long and deep global recession and further crushed fuel demand expectations. ...  > full story
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Episcopal Church dissidents aim for new church

CHICAGO, Nov. 20, 2008 (Reuters) — Conservatives who have abandoned the U.S. Episcopal Church by the thousands in recent years are trying to form a separate-but-equal church, a move that could leave two branches of Anglicanism on American soil. ...  > full story
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World News

CIA faulted in shooting down of missionary plane

WASHINGTON, Nov. 20, 2008 (Reuters) — The CIA obstructed inquiries into its role in the shooting down of an aircraft carrying a family of U.S. missionaries in Peru in 2001, the agency's inspector general has concluded. ...  > full story

U.N. council targets trouble-makers in Somalia

UNITED NATIONS, Nov. 20, 2008 (Reuters) — The U.N. Security Council voted on Thursday to impose sanctions on anyone contributing to violence and instability in Somalia, in a bid to curb fighting in the chaotic Horn of Africa nation. ...  > full story

Conjoined twins die on airliner: report

OTTAWA, Nov. 20, 2008 (Reuters) — One-month-old conjoined twins died on Thursday on board an airliner that was taking them from Europe to the United States for medical treatment, a Canadian newspaper reported. ...  > full story

Major shippers skirt Gulf of Aden to avoid pirates

MOGADISHU, Nov. 20, 2008 (Reuters) — Rampant piracy off Somalia is forcing shipping companies to avoid the Suez Canal and send cargoes of oil and other goods on a longer journey around southern Africa, industry officials said on Thursday. ...  > full story

Politics

Uproar in Maine over Obama assassination sign

BOSTON, Nov. 20, 2008 (Reuters) — Passions flared in a Maine town on Thursday over a sign in a store asking customers to place bets on an assassination of President-elect Barack Obama. ...  > full story

CIA faulted in shooting down of missionary plane

WASHINGTON, Nov. 20, 2008 (Reuters) — The CIA obstructed inquiries into its role in the shooting down of an aircraft carrying a family of U.S. missionaries in Peru in 2001, the agency's inspector general has concluded. ...  > full story

Waxman win elevates energy, climate change issues

WASHINGTON, Nov. 20, 2008 (Reuters) — U.S. Rep. Henry Waxman, a California liberal, won the chairmanship of a key congressional energy committee on Thursday and promised to work closely with President-elect Barack Obama to promote alternative energy, ease global warming and expand healthcare. ...  > full story

Democrats demand Big 3 offer survival plan

WASHINGTON, Nov. 20, 2008 (Reuters) — Democratic congressional leaders seeking to salvage a bailout of the Big Three automakers demanded car executives provide a business survival plan on Thursday in exchange for their support for up to $25 billion in loans. ...  > full story

Business

Fannie Mae, Freddie Mac suspend some foreclosures

NEW YORK, Nov. 20, 2008 (Reuters) — Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy. ...  > full story

Citigroup shares slide despite Alwaleed move

NEW YORK, Nov. 20, 2008 (Reuters) — Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor. ...  > full story

Gap third-quarter net profit rise

SAN FRANCISCO, Nov. 20, 2008 (Reuters) — Gap Inc posted higher quarterly net profit on Thursday, topping Wall Street expectations, helped by lower inventory and cost cutting that boosted margins and offset a decline in sales. ...  > full story

S&P dives to lowest level since 1997

NEW YORK, Nov. 20, 2008 (Reuters) — Stocks plunged yet again on Thursday, as a frantic flight from risk prompted by investors' deepening economic fears drove the benchmark Standard & Poor's 500 index to its lowest level since 1997 -- completing the erasure of more than a decade of stock market gains. ...  > full story

Science

Huge glaciers detected under rocky debris on Mars

WASHINGTON, Nov. 20, 2008 (Reuters) — A radar instrument aboard a NASA spacecraft has detected large glaciers hidden under rocky debris that may be the vestiges of ice sheets that blanketed parts of Mars in a past ice age, scientists said on Thursday. ...  > full story

Astronauts install water recycler on space station

HOUSTON, Nov. 19, 2008 (Reuters) — Astronauts hooked up a water recycling system and installed two new bedrooms aboard the International Space Station on Wednesday while crew mates prepared for a second spacewalk to fix the outpost's power system. ...  > full story

Clump of dark matter may loom near solar system

WASHINGTON, Nov. 19, 2008 (Reuters) — A balloon-borne instrument soaring high over Antarctica has found evidence of a possible large clump of mysterious so-called dark matter relatively close to our solar system, scientists said on Wednesday. ...  > full story

Israeli archaeologists unearth Herod family tombs

BEIT SAHOUR, West Bank, Nov. 19, 2008 (Reuters) — An Israeli archaeologist said on Wednesday he had unearthed what he believed were the 2,000-year-old remains of two tombs which had held a wife and daughter-in-law of the biblical King Herod. ...  > full story

Entertainment

Madonna and Ritchie to divorce on Friday

LONDON, Nov. 20, 2008 (Reuters) — Pop star Madonna and husband Guy Ritchie are to divorce in London on Friday, according to the High Court where so-called "quickie" divorces are formalized. ...  > full story

Hollywood actors, studios meet again with mediator

LOS ANGELES, Nov. 20, 2008 (Reuters) — After weeks of shuttle diplomacy, a U.S. federal mediator brought labor negotiators for major Hollywood studios and the Screen Actors Guild back together on Thursday for their first meeting in four months. ...  > full story

McCartney, Guns N' Roses albums to launch on MySpace

NEW YORK, Nov. 20, 2008 (Reuters) — Ex-Beatle Paul McCartney and Guns N' Roses released their biggest hits on vinyl records and compact discs, but on Thursday, their new albums will debut online on MySpace. ...  > full story

Suri Cruise tops list of Hollywood's power kids

LOS ANGELES, Nov. 20, 2008 (Reuters) — With her stylish outfits, stylish hair and stylish parents, two-year-old Suri Cruise has topped an annual list of the most influential celebrity children. ...  > full story

Sports

Cowboys rusher Jones ruled out for rest of season

DALLAS, Nov. 20, 2008 (Reuters) — Dallas Cowboys running back Felix Jones will miss the rest of the season because of a toe injury, the team said on Thursday. ...  > full story

Woods and Harrington front-runners for Player of the Year

MIAMI, Nov. 20, 2008 (Reuters) — World number one Tiger Woods and multiple major winner Padraig Harrington of Ireland are in the running for the 2008 PGA Tour Player of the Year award. ...  > full story

Mickelson rues missed opportunities in Tiger's absence

LOS ANGELES, Nov. 20, 2008 (Reuters) — Phil Mickelson regrets wasting a few golden opportunities during his 2008 campaign in the absence of Tiger Woods but is excited about his prospects for next season. ...  > full story

Steinbrenner passes control of Yankees to son

NEW YORK, Nov. 20, 2008 (Reuters) — New York Yankees owner George Steinbrenner on Thursday officially handed control of the major league team to his son, Hal, ending an often tempestuous 35-year reign over baseball's most famous franchise. ...  > full story
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