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G7 pledges united crisis response but rifts emerge

WASHINGTON, Oct. 10, 2008 (Reuters) — Finance leaders from the world's rich nations struggled on Friday to agree on a unified approach to cure a credit crisis that threatens to trigger a deep global recession. ...  > full story
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U.S. likely to remove N.Korea from blacklist: source

WASHINGTON, Oct. 10, 2008 (Reuters) — The United States is likely to remove North Korea provisionally from a terrorism blacklist to try to salvage talks aimed at ending Pyongyang's nuclear program, a source close to the negotiations said on Friday. ...  > full story
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Policy-makers weighing more steps to bolster banks

WASHINGTON, Oct. 10, 2008 (Reuters) — The George W. Bush administration may give an unlimited guarantee to bank deposits or buy a share of major banks in an effort to stabilize the battered financial sector and reeling markets. ...  > full story
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Connecticut court allows gay marriage

HARTFORD, Connecticut, Oct. 10, 2008 (Reuters) — Connecticut's highest court on Friday unexpectedly struck down a ban on gay and lesbian marriage, making the New England state the third in the nation to allow full-fledged marriage for same-sex couples. ...  > full story
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Iceland says will meet obligations despite meltdown

REYKJAVIK, Oct. 10, 2008 (Reuters) — Iceland sought on Friday to reassure international investors caught in its banking meltdown, saying it aimed to meet its obligations despite the turmoil which has ravaged a once-vibrant financial sector. ...  > full story
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Obama offers plan to offer credit to small firms

CHILLICOTHE, Ohio, Oct. 10, 2008 (Reuters) — Democratic presidential candidate Barack Obama on Friday proposed a new loan program for small businesses, saying it would help stem job losses amid the deepening financial crisis. ...  > full story
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Bush says U.S. moving quickly to solve market crisis

WASHINGTON, Oct. 10, 2008 (Reuters) — President George W. Bush said on Friday the U.S. government was moving aggressively to address the financial markets crisis, but he acknowledged that anxiety was feeding on itself as stocks continued to plunge. ...  > full story
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Foreigners count cost of Icelandic meltdown

REYKJAVIK, Oct. 10, 2008 (Reuters) — International investors counted the cost of their involvement with Iceland Friday after a meltdown in its banking system turned the country from a popular financial player to a pauper in just a few days. ...  > full story
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Obama urges global action to stem market turmoil

CHILLICOTHE, Ohio, Oct. 10, 2008 (Reuters) — U.S. presidential candidate Barack Obama said on Friday that global finance ministers must take coordinated steps to calm the upheaval in financial markets. ...  > full story
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U.S. consumers lose faith in Fed, financial system

NEW YORK, Oct. 10, 2008 (Reuters) — The credit crisis has shattered U.S. consumers' faith in financial institutions, including a stunning loss of confidence in the Federal Reserve, and that is likely to trigger the biggest drop in consumer spending in more than three decades and a deep recession, according to a survey released on Friday. ...  > full story
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World News

G7 pledges united crisis response but rifts emerge

WASHINGTON, Oct. 10, 2008 (Reuters) — Finance leaders from the world's rich nations struggled on Friday to agree on a unified approach to cure a credit crisis that threatens to trigger a deep global recession. ...  > full story

Drug hitmen kill 11 in bar in Mexico

CIUDAD JUAREZ, Mexico, Oct. 10, 2008 (Reuters) — Hooded gunmen believed engaged in a drugs feud burst into a bar in northern Mexico and shot dead 11 people in the third drugs-related massacre in the state since July, officials said. ...  > full story

Crisis is God punishing U.S.: Nicaragua's Ortega

MANAGUA, Oct. 10, 2008 (Reuters) — Nicaragua's leftist President Daniel Ortega, a U.S. foe since the Cold War, said God was punishing the United States with the financial crisis for trying to impose its economic principles on poor countries. ...  > full story

Livni urges calm after Arabs, Jews clash in Israel

ACRE, Israel, Oct. 10, 2008 (Reuters) — The Israeli prime minister-designate visited the ancient port of Acre on Friday to call for calm between Jews and Arabs after two nights of clashes which revived fears that go to the heart of Israel's identity. ...  > full story

Politics

Obama says U.S. has tools for crisis, must use them

COLUMBUS, Ohio, Oct. 10, 2008 (Reuters) — White House Democratic presidential candidate Barack Obama said on Friday that U.S. policymakers have the tools they need to address the deepening financial crisis but it is crucial that they use them right away. ...  > full story

Senate race in Georgia tops farm-district races

WASHINGTON, Oct. 10, 2008 (Reuters) — Sen. Saxby Chambliss, a defender of U.S. farm subsidies, faces a strong challenge for re-election in Georgia in a top race among several contests that could affect congressional handling of farm issues. ...  > full story

Obama offers plan to offer credit to small firms

CHILLICOTHE, Ohio, Oct. 10, 2008 (Reuters) — Democratic presidential candidate Barack Obama on Friday proposed a new loan program for small businesses, saying it would help stem job losses amid the deepening financial crisis. ...  > full story

Obama urges global action to stem market turmoil

CHILLICOTHE, Ohio, Oct. 10, 2008 (Reuters) — U.S. presidential candidate Barack Obama said on Friday that global finance ministers must take coordinated steps to calm the upheaval in financial markets. ...  > full story

Business

G7 pledges united crisis response but rifts emerge

WASHINGTON, Oct. 10, 2008 (Reuters) — Finance leaders from the world's rich nations struggled on Friday to agree on a unified approach to cure a credit crisis that threatens to trigger a deep global recession. ...  > full story

Morgan Stanley, MUFG not renegotiating deal: source

NEW YORK, Oct. 10, 2008 (Reuters) — Morgan Stanley and Mitsubishi UFJ Financial Group Inc <8306.T> are not in talks to renegotiate their deal for a $9 billion investment by Japan's top bank in the U.S. company, a source familiar with the matter said on Friday. ...  > full story

Bank of America, JPMorgan, lead bank rally

NEW YORK, Oct. 10, 2008 (Reuters) — The shares of JPMorgan Chase & Co , Bank of America Corp and other banks rose Friday, in stark contrast with former investment banks Goldman Sachs Group Group Inc and Morgan Stanley . ...  > full story

Signs of limited credit thaw emerge in money markets

LONDON/NEW YORK, Oct. 10, 2008 (Reuters) — Banks cut the rates they charge each other for overnight loans in U.S. dollars and euros on Friday, and the rate on one-day corporate IOUs eased from Thursday, providing tentative signs that some corners of the credit market are thawing. ...  > full story

Science

Doctors, investors get latest data on heart devices

CHICAGO, Oct. 10, 2008 (Reuters) — After years of controversy and concern over the safety and overuse of drug-coated heart stents, physicians and investors attending a cardiology meeting next week will get a clearer look at how these devices are used. ...  > full story

U.S. space tourist confident ahead of blast-off

BAIKONUR, Kazakhstan, Oct. 10, 2008 (Reuters) — Richard Garriott, a U.S. space tourist due to travel to space on a Russian spaceship on Sunday, said he was unfazed by the prospect of a bumpy ride back to Earth, saying he expected to land safely. ...  > full story

Virgin shark got pregnant in Virginia aquarium

WASHINGTON, Oct. 10, 2008 (Reuters) — Scientists using DNA testing have confirmed the second-known instance of "virgin birth" in a shark -- a female Atlantic blacktip shark named Tidbit that produced a baby without a male shark. ...  > full story

New method generates stem cells safely from mice

WASHINGTON, Oct. 9, 2008 (Reuters) — Japanese researchers who invented a way to make powerful stem cells out of ordinary cells say they have now found a safer way to do it. ...  > full story

Entertainment

R&B trio Labelle back in spotlight with new album

LOS ANGELES, Oct. 10, 2008 (Billboard) — Old school can still command attention -- just ask Tina Turner, who recently launched a sold-out world tour at age 68. Hoping to sashay its way into that zeitgeist is futuristic '70s rock-soul-funk trio Labelle. ...  > full story

Christina Applegate kept cancer diagnosis a secret

LOS ANGELES, Oct. 10, 2008 (Reuters) — "Samantha Who?" star Christina Applegate avoided hugs for weeks and hid her cancer diagnosis from nearly everyone working on her hit television program, the actress said in an interview airing on Friday. ...  > full story

YouTube starts running full-length CBS shows

NEW YORK, Oct. 10, 2008 (Reuters) — YouTube, the largest video-sharing Website, has started to run full-length TV shows from CBS Corp's archive, in its latest step to boost advertising revenue by adding professional programing. ...  > full story

A virtual battle of the bands

RALEIGH, North Carolina, Oct. 10, 2008 (Reuters) — Wannabe rock stars will have a greater choice of instruments and songs to choose from as videogames like "Guitar Hero World Tour" and "Rock Band 2" introduce new features. ...  > full story

Sports

Manuel leads Phillies despite mother's death

PHILADELPHIA, Oct. 10, 2008 (Reuters) — Philadelphia Phillies manager Charlie Manuel led the team in Friday's playoff despite the death of his mother earlier in the day. ...  > full story

NBA Europe plans scaled back on credit crisis

LONDON, Oct. 10, 2008 (Reuters) — The NBA has been weathering the global financial crisis by cutting the number of pre-season games in Europe this year, Commissioner David Stern told reporters on Friday. ...  > full story

Market turmoil may delay Cubs sale, hurt price

CHICAGO, Oct. 10, 2008 (Reuters) — The sale of the Chicago Cubs may be delayed by the global financial crisis unless owner Tribune Co is willing to accept a lower price for the storied baseball team, people involved in the sale said. ...  > full story

Tim Montgomery gets 5-year prison term

WASHINGTON, Oct. 10, 2008 (Reuters) — Former U.S. track star Tim Montgomery, an Olympic gold medalist now banned from the sport, was sentenced on Friday to five years in prison on heroin charges. ...  > full story
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