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Ex-WorldCom chief Ebbers seeks clemency from Bush

NEW YORK/WASHINGTON, Dec. 3, 2008 (Reuters) — Imprisoned former WorldCom Inc chief Bernard Ebbers has joined the list of high-profile corporate defendants petitioning for clemency in the final days of President George W. Bush's term in office. ...  > full story
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Paulson said weighing bailout's next $350 billion

CHICAGO/WASHINGTON, Dec. 3, 2008 (Reuters) — Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday. ...  > full story
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Senate Democrats will pack plenty of muscle

WASHINGTON, Dec. 3, 2008 (Reuters) — Senate Democrats will be able to do plenty over the next two years -- despite falling just short of their goal of winning a majority big enough to end Republican procedural roadblocks. ...  > full story
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Obama names Richardson as Commerce Secretary

CHICAGO, Dec. 3, 2008 (Reuters) — President-elect Barack Obama said on Wednesday struggling automakers have put forward a "more serious" restructuring proposal to Congress but withheld judgment on the plans until hearings are held. ...  > full story
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U.S.-led coalition in Iraq dwindles as allies leave

BAGHDAD, Dec. 3, 2008 (Reuters) — A string of departures by the U.S. military's allies in Iraq is turning into an exodus as violence subsides and the end of a U.N. mandate permitting their deployment to the country approaches. ...  > full story
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Private jobs, services slump show recession toll

NEW YORK, Dec. 3, 2008 (Reuters) — Private employers cut 250,000 jobs in November, an unexpectedly large number and the biggest in seven years, while the service sector, which powers most of the economy, posted its worst slump on record. ...  > full story
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Paulson debates next $350 billion in bailout: report

NEW YORK, Dec. 3, 2008 (Reuters) — Treasury secretary Henry Paulson is debating whether to ask Congress for the next $350 billion in the $700 billion U.S. bailout, the Wall Street Journal reported on its website on Tuesday. ...  > full story
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U.S. forces in Iraq detain, kill Iran-backed suspects

BAGHDAD, Dec. 3, 2008 (Reuters) — U.S. forces in Iraq captured two suspected members of an Iranian-backed network and killed a third Wednesday, part of U.S. efforts to target a group it says has attacked Iraqi citizens and foreign troops. ...  > full story
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Islamic extremists coaxed to YouTube

WASHINGTON, Dec. 3, 2008 (Reuters) — Islamic extremists are being instructed on how to use the popular video-sharing site YouTube as a way to disseminate propaganda videos, a U.S.-based terrorism monitor said on Tuesday. ...  > full story
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Clinton for a Clinton? Senate guessing game begins

NEW YORK, Dec. 3, 2008 (Reuters) — New York Gov. David Paterson has famous names to choose from in picking a replacement for Sen. Hillary Clinton, including a Kennedy, a Cuomo and even another Clinton, as in the former president of the United States. ...  > full story
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World News

Putin faces crisis questions from Russian people

MOSCOW, Dec. 3, 2008 (Reuters) — Prime Minister Vladimir Putin faces a barrage of questions about rising inflation and job losses on Thursday in his first annual question-and-answer session with the Russian people since leaving the Kremlin. ...  > full story

Britain to have talks with Israelis, Palestinians

LONDON, Dec. 3, 2008 (Reuters) — British Prime Minister Gordon Brown will hold separate talks with Israeli and Palestinian leaders in London this month on the political and economic situation in the Middle East, he said on Wednesday. ...  > full story

U.S.-led coalition in Iraq dwindles as allies leave

BAGHDAD, Dec. 3, 2008 (Reuters) — A string of departures by the U.S. military's allies in Iraq is turning into an exodus as violence subsides and the end of a U.N. mandate permitting their deployment to the country approaches. ...  > full story

NATO seeks more forces to avoid Afghan stalemate

BRUSSELS, Dec. 3, 2008 (Reuters) — NATO needs more troops in Afghanistan to be able to hold territory and avoid a stalemate in its battle against Islamist militants, NATO Secretary-General Jaap de Hoop Scheffer said on Wednesday. ...  > full story

Politics

Democrats may push stopgap economic stimulus

WASHINGTON, Dec. 3, 2008 (Reuters) — Democrats in Congress, unable to convince the outgoing Bush administration to support a broad economic stimulus bill, are looking at a stopgap measure to feed the poor and help them get health care, congressional aides said. ...  > full story

NY gov. outraged no women nominated for top judge

NEW YORK, Dec. 3, 2008 (Reuters) — New York Gov. David Paterson said on Wednesday he was "outraged" that no women were nominated to lead the state's Court of Appeals, its highest court, forcing him to choose from seven men recommended by a panel. ...  > full story

Paulson said weighing bailout's next $350 billion

CHICAGO/WASHINGTON, Dec. 3, 2008 (Reuters) — Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday. ...  > full story

Mukasey opposes prosecutions for torture advice

WASHINGTON, Dec. 3, 2008 (Reuters) — Departing U.S. Attorney General Michael Mukasey said on Wednesday that he saw no reason for prosecutions or for pardons for those who gave legal advice on the Bush administration's terrorism policies. ...  > full story

Business

U.S. working on affordable mortgage plan: sources

WASHINGTON, Dec. 3, 2008 (Reuters) — The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on a 30-year mortgage by making fresh investments in those assets, sources familiar with the plan said on Wednesday. ...  > full story

Harvard endowment loses 22 percent in 4 months

BOSTON, Dec. 3, 2008 (Reuters) — Harvard University's endowment has lost 22 percent, or roughly $8 billion, in the last four months, leaving the world's richest university on track to deliver its worst annual returns in 40 years. ...  > full story

Panasonic raises Sanyo offer: Nikkei

NEW YORK, Dec. 3, 2008 (Reuters) — Panasonic Corp <6752.T> has raised its buyout offer for Sanyo Electric Co Ltd <6764.T> by 10 yen to 130 yen per share in the hope of closing a deal this week, the Nikkei financial daily reported, without citing sources. ...  > full story

Icahn says opposes partial sale of Yahoo

SAN FRANCISCO, Dec. 3, 2008 (Reuters) — Billionaire Carl Icahn opposes selling part of Yahoo to former AOL Chief Executive Jonathan Miller or anyone else because it is undervalued, he told CNBC on Wednesday. ...  > full story

Science

New fabric can wipe away toxic chemicals: study

CHICAGO, Dec. 3, 2008 (Reuters) — A new dry wipe can clean up chemical agents such as mustard gas, giving soldiers a more convenient way to deal with toxic materials on the battlefield, U.S. researchers said on Wednesday. ...  > full story

Arctic tundra emits methane even in winter

LONDON, Dec. 3, 2008 (Reuters) — The arctic tundra emits the same amount of methane in winter as in the warmer months, a surprising finding that bolsters understanding of how greenhouse gases interact with nature, researchers said on Wednesday. ...  > full story

Obese children risk thyroid damage

WASHINGTON, Dec. 3, 2008 (Reuters) — Obese children may be damaging their thyroids, creating a vicious cycle of metabolism and overweight, Italian researchers reported on Wednesday. ...  > full story

Bird flu makes mallards thin, study finds

WASHINGTON, Dec. 2, 2008 (Reuters) — Avian flu viruses make mallard ducks thinner than other ducks, a finding that implies they do not spread the germs over long distances, researchers reported Tuesday. ...  > full story

Entertainment

Recession-hit Americans flocking to movies

NEW YORK, Dec. 3, 2008 (Reuters) — True to form and in keeping with past recessions, Americans are flocking to the movies, the chief executive of the largest U.S. theater chain said on Wednesday. ...  > full story

No relief in sight as radio ad revenue declines

NEW YORK, Dec. 3, 2008 (Billboard) — Newly released data suggests that the U.S. radio industry could be on track to record its worst annual drop in ad revenue in decades. ...  > full story

Colombian singer Fanny Lu makes stateside inroads

MIAMI, Dec. 3, 2008 (Billboard) — With a mix of pop, vallenato accordion and the husky voice of an ingenue, Colombian singer Fanny Lu found success in 2006 with her catchy single "No Te Pido Que Me Mandes Flores." ...  > full story

Sundance Film Festival unveils competition films

LOS ANGELES, Dec. 3, 2008 (Reuters) — The Sundance Film Festival, the premiere event for U.S. independent movies, on Wednesday unveiled a wide-ranging list of more than 60 movies that will compete for awards at its 25th anniversary event in January. ...  > full story

Sports

Knicks rated most valuable team again: Forbes

NEW YORK, Dec. 3, 2008 (Reuters) — The New York Knicks are the most valuable professional basketball team in the National Basketball Association for the fourth consecutive year, Forbes magazine reported on Wednesday. ...  > full story

Raptors fire coach Mitchell after rout by Nuggets

TORONTO, Dec. 3, 2008 (Reuters) — The Toronto Raptors fired head coach Sam Mitchell on Wednesday, the day after the team suffered one of its biggest defeats. ...  > full story

Armstrong and Contador ride together for the first time

TENERIFE, Spain, Dec. 3, 2008 (Reuters) — Astana teammates Lance Armstrong and Alberto Contador rode together on Wednesday for the first time since seven-times Tour de France champion Armstrong announced his comeback from retirement. ...  > full story

Defense seeks minimum 6-year term for O.J. Simpson

LOS ANGELES, Dec. 3, 2008 (Reuters) — O.J. Simpson's lawyers have asked he receive the minimum sentence of six years in prison for his October robbery and kidnapping conviction, calling a recommendation of 18 years "inappropriate and knee-jerk." ...  > full story
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