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S&P 500 hits lowest level since 1997

NEW YORK, Nov. 20, 2008 (Reuters) — The S&P 500 tumbled to its lowest level in 11-1/2 years on Thursday, as the darkening outlook for the global economy prompted fearful investors to dump stocks across the board. ...  > full story
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Major shippers skirt Gulf of Aden to avoid pirates

MOGADISHU, Nov. 20, 2008 (Reuters) — One of the world's biggest shippers said on Thursday some of its fleet was avoiding the Suez Canal due to rampant piracy off Somalia, and a major tanker association said many others were also diverting vessels. ...  > 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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Democrats set December 2 deadline for automakers' to offer plan

WASHINGTON, Nov. 20, 2008 (Reuters) — Senate and House Democratic leaders at a news conference: ...  > full story
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Jobs data miserable, regional factories slump

NEW YORK, Nov. 20, 2008 (Reuters) — The number of American workers on the unemployment rolls surged to the highest in a quarter century and a regional manufacturing gauge slumped as U.S. economic misery intensified. ...  > full story
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Oil touches 3-1/2 year low under $50 as demand weighs

NEW YORK, Nov. 20, 2008 (Reuters) — Oil dropped more than 3 percent on Thursday, touching the lowest level since May 2005 as record U.S. job losses intensified concerns of a long and deep global recession and further crushed demand expectations. ...  > full story
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U.S. judge orders five Algerians at Guantanamo freed

WASHINGTON, Nov. 20, 2008 (Reuters) — Five of six Algerians must be released after nearly seven years of captivity at the U.S. military prison at Guantanamo Bay in Cuba, a federal judge ruled on Thursday in a setback for the Bush administration. ...  > full story
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Four senators reach bipartisan auto aid deal

WASHINGTON, Nov. 20, 2008 (Reuters) — Four senators have reached a bipartisan agreement on a bill to assist the struggling automotive industry, the lawmakers announced in a joint statement on Thursday. ...  > full story
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Lawmakers fault Treasury, Fed on bailout

WASHINGTON, Nov. 20, 2008 (Reuters) — Exasperated U.S. lawmakers criticized Federal Reserve and Treasury Department efforts to shore up the faltering economy on Thursday, telling officials that their financial rescue efforts have not reached small businesses or homeowners. ...  > full story
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Medvedev's Venezuela, Cuba trips set to rile U.S.

MOSCOW, Nov. 20, 2008 (Reuters) — Russian President Dmitry Medvedev's visits to Venezuela and Cuba during a week-long trip to Latin America look set to irk Washington, highlighting a foreign policy challenge facing President-elect Barack Obama. ...  > full story
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World News

Major shippers skirt Gulf of Aden to avoid pirates

MOGADISHU, Nov. 20, 2008 (Reuters) — One of the world's biggest shippers said on Thursday some of its fleet was avoiding the Suez Canal due to rampant piracy off Somalia, and a major tanker association said many others were also diverting vessels. ...  > full story

U.N. council approves increase in Congo peacekeepers

UNITED NATIONS, Nov. 20, 2008 (Reuters) — The U.N. Security Council voted unanimously on Thursday to send some 3,000 extra peacekeepers to Democratic Republic of Congo to help protect civilians and end weeks of conflict in the turbulent east. ...  > full story

ICC prosecutor seeks arrest of Darfur rebels

AMSTERDAM, Nov. 20, 2008 (Reuters) — The International Criminal Court prosecutor requested arrest warrants on Thursday for Darfur rebels for the first time, accusing them of storming an African Union camp and killing 12 peacekeepers. ...  > full story

Over 1,000 melamine babies still in China hospitals

BEIJING, Nov. 20, 2008 (Reuters) — Over a thousand Chinese infants are still in hospital receiving treatment for kidney damage caused by tainted milk, China's Health Ministry said on Thursday, more than two months after the scandal broke. ...  > full story

Politics

Senate sends Bush expanded jobless benefits bill

WASHINGTON, Nov. 20, 2008 (Reuters) — The Senate on Thursday passed and sent to President George W. Bush legislation to extend jobless benefits for those who have been unemployed for a prolonged period in an economy that has been shedding jobs. ...  > full story

Democrats set December 2 deadline for automakers' to offer plan

WASHINGTON, Nov. 20, 2008 (Reuters) — Senate and House Democratic leaders at a news conference: ...  > full story

Pritzker says not candidate for Commerce slot

WASHINGTON, Nov. 20, 2008 (Reuters) — Chicago businesswoman Penny Pritzker said on Thursday she was not a candidate to serve as commerce secretary in President-Barack Obama's administration. ...  > full story

Rice meets Gaddafi son, asks about dissident

WASHINGTON, Nov. 20, 2008 (Reuters) — U.S. Secretary of State Condoleezza Rice met the son of Libyan leader Col. Muammar Gaddafi on Thursday and raised the case of a leading political dissident held in Tripoli, the State Department said. ...  > full story

Business

S&P 500 hits lowest level since 1997

NEW YORK, Nov. 20, 2008 (Reuters) — The S&P 500 tumbled to its lowest level in 11-1/2 years on Thursday, as the darkening outlook for the global economy prompted fearful investors to dump stocks across the board. ...  > full story

Thrifts have $4 billion third-quarter loss: OTS

WASHINGTON, Nov. 20, 2008 (Reuters) — U.S. savings and loan losses and provisions for soured loans declined in the third quarter, the industry's regulator said on Thursday, releasing figures that excluded Washington Mutual, the nation's biggest thrift that was sold in September. ...  > full story

Citigroup shares tumble further despite Alwaleed move

NEW YORK, Nov. 20, 2008 (Reuters) — Citigroup Inc lost as much as a quarter of its market value Thursday as mushrooming worries about whether the bank has enough capital to withstand billions of dollars of additional loan losses outweighed new support from its largest individual investor. ...  > full story

Marsal to take over as Lehman CEO at end of year

NEW YORK, Nov. 20, 2008 (Reuters) — Bryan Marsal, currently chief restructuring officer of bankrupt Lehman Brothers Holdings Inc , will take over as chief executive of the company after the close of business on December 31, a lawyer for the company said in court on Thursday. ...  > full story

Science

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

Mammoth genome sequence may explain extinction

WASHINGTON, Nov. 19, 2008 (Reuters) — Researchers have sequenced the gene map of a long-extinct, mummified woolly mammoth, using DNA taken from its hair. ...  > 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

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

Michael Jackson to testify in British court

LONDON, Nov. 20, 2008 (Reuters) — Michael Jackson will appear in a British court next week to testify in a lawsuit brought against him by a Bahraini prince, the singer's lawyer said on Thursday. ...  > full story

Sports

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

Yankees pitcher Mussina retires

NEW YORK, Nov. 20, 2008 (Reuters) — New York Yankees starter Mike Mussina announced his retirement Thursday, becoming the first pitcher to end his career after posting a 20-win season since Hall of Famer Sandy Koufax in 1966. ...  > full story

I could have been a good F1 driver, says Rossi

MUGELLO, Italy, Nov. 20, 2008 (Reuters) — MotoGP world champion Valentino Rossi said Thursday he could have been a good Formula One driver if he had made the switch three years ago. ...  > full story

2010 Tour de France to start in Rotterdam

PARIS, Nov. 20, 2008 (Reuters) — The 2010 Tour de France will start in Rotterdam, organizers said Thursday. ...  > full story
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