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Citigroup eyes options including merger

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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Citi eyes selling businesses, other options: source

NEW YORK, Nov. 20, 2008 (Reuters) — Citigroup Inc is looking at multiple options as its share price sinks, including selling businesses, selling shares, or merging with another firm, a person familiar with the matter said. ...  > full story
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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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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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World News

China quake zone suicides reflect huge emotional toll

BEIJING, Nov. 20, 2008 (Reuters) — A Chinese official at the heart of the Sichuan earthquake zone has committed suicide, state media said on Friday, a setback for reconstruction work and a sign of the ongoing emotional toll from the disaster as winter sets in. ...  > full story

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

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

Citigroup eyes options including merger

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

Fed's Bullard: U.S. spending slump to sap 2009 growth

EVANSVILLE, Indiana, Nov. 20, 2008 (Reuters) — St Louis Federal Reserve President James Bullard said on Thursday that financial market turmoil has collapsed U.S. consumer confidence and this would weigh on growth well into next year. ...  > full story

Citi eyes selling businesses, other options: source

NEW YORK, Nov. 20, 2008 (Reuters) — Citigroup Inc is looking at multiple options as its share price sinks, including selling businesses, selling shares, or merging with another firm, a person familiar with the matter said. ...  > full story

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

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

ABC pulling plug on three series

LOS ANGELES, Nov. 20, 2008 (Hollywood Reporter) — ABC has decided against giving full-season orders to "Pushing Daisies," "Dirty Sexy Money" and "Eli Stone," but is not officially saying that the struggling shows are canceled. ...  > full story

"Twilight" a campy vampire romance with no bite

LOS ANGELES, Nov. 20, 2008 (Hollywood Reporter) — "Twilight" already has such a buzz that you sense all we really need to do is stand back to let hordes of teenage girls rush into theaters to exalt in this romance between a human girl and a vampire boy. ...  > 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

"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

Sports

Hatton targets British hat-trick against Malignaggi

LAS VEGAS, Nov. 20, 2008 (Reuters) — IBO light-welterweight champion Ricky Hatton will bid to complete a rousing hat-trick of British victories this month when he defends his title against Paulie Malignaggi at the MGM Grand on Saturday. ...  > full story

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
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