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Wall Street sinks, S&P falls 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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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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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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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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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

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

Canada to keep pressing Saudis over murder case

OTTAWA, Nov. 20, 2008 (Reuters) — Canada will keep pressing Saudi Arabia not to execute a Canadian man who has been sentenced to death by beheading in the desert kingdom, Foreign Minister Lawrence Cannon said on Thursday. ...  > 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

Politics

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

Obama chief of staff pick meets with Republicans

WASHINGTON, Nov. 20, 2008 (Reuters) — U.S. President-elect Barack Obama sent his top aide to Capitol Hill Thursday to tell leaders of the rival Republican party that he needed their help to confront the challenges facing the country. ...  > full story

Senate sends Bush expanded jobless benefits bill

WASHINGTON, Nov. 20, 2008 (Reuters) — The U.S. 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

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 energy committee on Thursday and promised to work closely with President-elect Barack Obama to promote alternative energy, ease global warming and expand health care. ...  > full story

Business

Citigroup not seeking government aid: source

NEW YORK, Nov. 20, 2008 (Reuters) — Citigroup Inc is not seeking government aid at the moment, a person close to the bank said on Thursday. ...  > full story

Wall Street sinks, S&P falls 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

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

Paulson defends handling of U.S. financial crisis

SIMI VALLEY, California, Nov. 20, 2008 (Reuters) — Treasury Secretary Henry Paulson on Thursday defended his handling of the financial crisis but refused to say whether any further help will be offered to struggling bank Citigroup. ...  > 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

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

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

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
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