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Oil falls over $1 on demand worries

SINGAPORE, Nov. 20, 2008 (Reuters) — U.S. crude oil dropped more than $1 a barrel on Friday, falling for sixth straight sessions as more distress for the global economy threatened to eat further into demand for fuels. ...  > full story
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Fed's Bullard: U.S. deflation an issue Fed must face

EVANSVILLE, Indiana, Nov. 20, 2008 (Reuters) — Deflation would be very damaging to the United States economy and with nominal interest rates already very low, quantitative easing may be needed to keep it at bay, a top Federal Reserve official said on Thursday. ...  > full story
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Citigroup slides as WSJ says sale eyed

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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Obama nears homeland security Cabinet pick

CHICAGO, Nov. 20, 2008 (Reuters) — President-elect Barack Obama moved closer to assembling his Cabinet on Thursday with Arizona Gov. Janet Napolitano emerging as the top contender to head the Homeland Security Department, created to protect Americans after the September 11 attacks. ...  > full story
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Obama considers Jones for top security job: report

CHICAGO, Nov. 20, 2008 (Reuters) — U.S. President-elect Barack Obama is leaning toward selecting retired Gen. James Jones as White House national security adviser, ABC News reported on Thursday. ...  > full story
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Democrats demand U.S. Big 3 offer survival plan

WASHINGTON, Nov. 20, 2008 (Reuters) — Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans. ...  > full story
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No relief seen in global economic crisis

WASHINGTON, Nov. 20, 2008 (Reuters) — The global economy saw more signs of distress on Thursday with U.S. stocks plunging for a second consecutive day, oil prices falling, a surprise rate cut in Switzerland, export woes in Japan and rescue loans to Turkey and Iceland. ...  > full story
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Government warns of "catastrophic" U.S. quake

KANSAS CITY, Missouri, Nov. 20, 2008 (Reuters) — People in a vast seismic zone in the southern and midwestern United States would face catastrophic damage if a major earthquake struck there and should ensure that builders keep that risk in mind, a government report said on Thursday. ...  > full story
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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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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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World News

Top official meets rioters as China seeks stability

BEIJING, Nov. 20, 2008 (Reuters) — The governor of China's poverty-stricken province of Gansu traveled to a riot-hit town to sit down with protesters after pitched battles with police that injured dozens, state media said on Friday. ...  > 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

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

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

Politics

Obama nears homeland security Cabinet pick

CHICAGO, Nov. 20, 2008 (Reuters) — President-elect Barack Obama moved closer to assembling his Cabinet on Thursday with Arizona Gov. Janet Napolitano emerging as the top contender to head the Homeland Security Department, created to protect Americans after the September 11 attacks. ...  > full story

Obama considers Jones for top security job: report

CHICAGO, Nov. 20, 2008 (Reuters) — U.S. President-elect Barack Obama is leaning toward selecting retired Gen. James Jones as White House national security adviser, ABC News reported on Thursday. ...  > full story

Democrats demand U.S. Big 3 offer survival plan

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

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

Business

Oil falls over $1 on demand worries

SINGAPORE, Nov. 20, 2008 (Reuters) — U.S. crude oil dropped more than $1 a barrel on Friday, falling for sixth straight sessions as more distress for the global economy threatened to eat further into demand for fuels. ...  > full story

Fed's Bullard: U.S. deflation an issue Fed must face

EVANSVILLE, Indiana, Nov. 20, 2008 (Reuters) — Deflation would be very damaging to the United States economy and with nominal interest rates already very low, quantitative easing may be needed to keep it at bay, a top Federal Reserve official said on Thursday. ...  > full story

Citigroup slides as WSJ says sale eyed

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

Marsal to lead team of over 600 at Lehman

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

Science

Government warns of "catastrophic" U.S. quake

KANSAS CITY, Missouri, Nov. 20, 2008 (Reuters) — People in a vast seismic zone in the southern and midwestern United States would face catastrophic damage if a major earthquake struck there and should ensure that builders keep that risk in mind, a government report said on Thursday. ...  > full story

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

Entertainment

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

"Star Trek" promo blasting off six months early

LOS ANGELES, Nov. 20, 2008 (Hollywood Reporter) — Paramount already has hit warp speed with its high-profile relaunch of the "Star Trek" franchise. ...  > full story

"Twilight" publisher sees film boosting book sales

NEW YORK, Nov. 20, 2008 (Reuters) — Described in publishing circles as America's answer to Harry Potter, the teen-age vampires of "Twilight" may reach a wider audience when the movie of the book comes out on Friday with the publisher hoping for a surge in book sales. ...  > full story

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

Sports

Armstrong to race against former team mate Hincapie

SYDNEY, Nov. 20, 2008 (Reuters) — American Lance Armstrong will race against long-time team mate George Hincapie in the Tour Down Under around Adelaide in January. ...  > full story

New-style Hatton confident about Malignaggi bout

LAS VEGAS, Nov. 20, 2008 (Reuters) — IBO light-welterweight champion Ricky Hatton returns to the scene of his only professional defeat on Saturday confident an improved style will help him retain his title against American Paulie Malignaggi. ...  > full story

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
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