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Stocks, oil drop as global slowdown accelerates

HONG KONG, Oct. 15, 2008 (Reuters) — Japan's Nikkei share average tumbled almost 10 percent and oil prices dropped to a one-year low on Thursday after downbeat U.S. economic data spread fears of a more protracted and sharp global slowdown than initially expected. ...  > full story
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Chavez says "Comrade Bush" turns left in crisis

CARACAS, Oct. 15, 2008 (Reuters) — Socialist Venezuelan President Hugo Chavez mocked George W. Bush as a "comrade" on Wednesday, saying the U.S. president was a hard-line leftist for his government's intervention of major private banks in the U.S. financial crisis. ...  > full story
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Paulson still eyeing a January exit

WASHINGTON, Oct. 15, 2008 (Reuters) — U.S. Treasury Secretary Henry Paulson said on Wednesday he would work to ensure a smooth transition to his successor after the November presidential election, throwing cold water on hopes that he might stay on crisis control duty. ...  > full story
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North Korea threatens to cut ties with South

SEOUL, Oct. 15, 2008 (Reuters) — Destitute North Korea on Thursday threatened to end all relations with South Korea, a major source of aid and cash, in anger at the hard-line policies of its conservative president. ...  > full story
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U.S. oil prices fall more than $1

SAN DIEGO, Oct. 15, 2008 (Reuters) — U.S. crude oil futures fell more than $1 a barrel after Wednesday's settlement, slipping to a 13-month low as traders were concerned over weaker demand linked to a widespread economic slowdown. ...  > full story
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Bernanke says credit crisis menacing U.S. economy

NEW YORK, Oct. 15, 2008 (Reuters) — Federal Reserve Chairman Ben Bernanke on Wednesday gave a dour assessment of the U.S. economy, citing a "significant threat" from shuttered credit markets in remarks that indicated he was open to cutting interest rates further. ...  > full story
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U.S., Iraq agree pact giving U.S. troops until 2011

BAGHDAD, Oct. 15, 2008 (Reuters) — Washington and Baghdad have reached a final agreement after months of talks on a pact that would require U.S. forces to withdraw from Iraq by 2011, U.S. and Iraqi officials said on Wednesday. ...  > full story
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Iraq says pact to allow U.S. troops until 2011

BAGHDAD, Oct. 15, 2008 (Reuters) — A draft agreement with the United States requires U.S. troops to leave Iraq by the end of 2011 unless asked to stay, and gives Iraq the right to try them for felonies committed while off duty, Iraq said on Wednesday. ...  > full story
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Iraqi leaders review final draft of U.S. pact

BAGHDAD, Oct. 15, 2008 (Reuters) — Iraqi Prime Minister Nuri al-Maliki submitted a final draft of a security agreement with the United States to political leaders for review on Wednesday, after months of negotiations with Washington. ...  > full story
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Weak retail and factory data stir recession fear

WASHINGTON, Oct. 15, 2008 (Reuters) — U.S. retail sales last month dropped the most in more than three years while a measure of New York state manufacturing hit its lowest since the index started in 2001, intensifying recession fears and punishing stocks. ...  > full story
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World News

Suicide bombing kills three in NW Pakistan

MINGORA, Pakistan, Oct. 15, 2008 (Reuters) — A suicide bomber rammed an explosives-packed vehicle into a police station in Pakistan's northwestern Swat valley Thursday, killing three policemen and wounding 15, officials said. ...  > full story

China's milk heartland fights to reclaim trust

HOHHOT, China, Oct. 15, 2008 (Reuters) — China's dairy heartland promised it has banished a toxic chemical from its milk and launched a media campaign to restore its reputation among consumers wary after thousands of children were poisoned. ...  > full story

Afghan coordination must improve: Pentagon chief

WASHINGTON, Oct. 15, 2008 (Reuters) — NATO and its partners need to get better at coordinating efforts to defeat a "ruthless and resilient" insurgency in Afghanistan, U.S. Defense Secretary Robert Gates said on Wednesday. ...  > full story

North Korea threatens to cut ties with South

SEOUL, Oct. 15, 2008 (Reuters) — Destitute North Korea on Thursday threatened to end all relations with South Korea, a major source of aid and cash, in anger at the hard-line policies of its conservative president. ...  > full story

Politics

McCain says would eliminate ethanol tariff

HEMPSTEAD, New York, Oct. 15, 2008 (Reuters) — Republican presidential candidate John McCain said on Wednesday that if elected he would eliminate the tariff on sugar cane-based ethanol and cut a number of subsidies for ethanol. ...  > full story

Prediction markets now betting big on Obama

WASHINGTON, Oct. 15, 2008 (Reuters) — Traders betting on future events in the political prediction markets are overwhelmingly predicting a Barack Obama victory in the U.S. presidential election, giving the Illinois Democrat a better than 80 percent chance of winning. ...  > full story

Bush to talk about the economy to Chamber Friday

WASHINGTON, Oct. 15, 2008 (Reuters) — President George W. Bush on Friday plans to speak about the ailing U.S. economy in an address the business-friendly U.S. Chamber of Commerce, the White House said on Wednesday as fears of a recession grew. ...  > full story

Obama buys first video game campaign ads

LOS ANGELES, Oct. 15, 2008 (Reuters) — Barack Obama, flush with cash and ramping up his advertising in the final weeks before the November 4 election, is making U.S. political history by placing the first presidential campaign ads in online video games. ...  > full story

Business

Shoppers to constrain holiday spending: survey

NEW YORK, Oct. 16, 2008 (Reuters) — U.S. shoppers will spend more on holiday-related purchases this year, but that spending will increase by the lowest level in at least six years, according to a survey released by an industry trade group on Thursday. ...  > full story

AIG lobbying to relax oversight rules: report

, Oct. 15, 2008 (Reuters) — Insurance giant American International Group Inc is spending money to lobby states to soften new controls on the mortgage industry, the Wall Street Journal said. ...  > full story

Stocks, oil drop as global slowdown accelerates

HONG KONG, Oct. 15, 2008 (Reuters) — Japan's Nikkei share average tumbled almost 10 percent and oil prices dropped to a one-year low on Thursday after downbeat U.S. economic data spread fears of a more protracted and sharp global slowdown than initially expected. ...  > full story

SEC extends short-sale disclosure order

WASHINGTON, Oct. 15, 2008 (Reuters) — Big investors will be required to disclose their short positions to the U.S. Securities and Exchange Commission under an interim final rule issued by the SEC on Wednesday night. ...  > full story

Science

"Walking fish" reveals fresh evolutionary insights

WASHINGTON, Oct. 15, 2008 (Reuters) — An extraordinary fish that existed 375 million years ago had unique features in its head that helped pave the way for vertebrate animals to live on land, scientists said on Wednesday. ...  > full story

Device helps monkeys move paralyzed wrists

CHICAGO, Oct. 15, 2008 (Reuters) — Monkeys regained the use of paralyzed wrist muscles with a computer-aided device that uses brain signals to direct movement, U.S. researchers said on Wednesday. ...  > full story

Study finds brain chemical linked to grief

LONDON, Oct. 15, 2008 (Reuters) — Scientists have pinpointed a key brain chemical involved in dealing with the sudden loss or long-term separation of a partner, they said Wednesday. ...  > full story

Ancient bones show tuberculosis older than thought

LONDON, Oct. 15, 2008 (Reuters) — Scientists have discovered tuberculosis in 9,000 year-old human bones found submerged off Israel's coast -- evidence the disease is at least 3,000 years older than previously thought, researchers said on Wednesday. ...  > full story

Entertainment

Ryan O'Neal, son charged with drug possession

LOS ANGELES, Oct. 15, 2008 (Reuters) — Ryan O'Neal and his son, Redmond, were formally charged on Thursday with possession of methamphetamine and other drug offenses stemming from a search of their home last month. ...  > full story

Recovering sex addict Duchovny separates from wife

LOS ANGELES, Oct. 15, 2008 (Reuters) — David Duchovny, who recently sought treatment for sex addiction, has separated from Tea Leoni, his wife of 11 years and mother of their two children, People magazine reported on Wednesday. ...  > full story

Jay Leno sued over antique car

NEW YORK, Oct. 15, 2008 (Reuters) — The estate of a Macy's department store heir has sued U.S. comedian and car collector Jay Leno, saying a Manhattan garage stole the heir's 1931 Model J Duesenberg and illegally sold it to Leno in 2005. ...  > full story

Playboy shedding DVDs in favor of online

LOS ANGELES, Oct. 15, 2008 (Reuters) — Playboy Enterprises Inc, which publishes the world's most widely read adult entertainment magazine, will stop making DVDs to save about $12 million a year, and focus on distributing its content online, the company said in a regulatory filing. ...  > full story

Sports

Phillies beat Dodgers to reach World Series

LOS ANGELES, Oct. 15, 2008 (Reuters) — The Philadelphia Phillies advanced to their first World Series in 15 years after wrapping up the National League Championship Series with a 5-1 Game Five win over the Los Angeles Dodgers on Wednesday. ...  > full story

Vanek double gives Sabres 3-1 win over Rangers

NEW YORK, Oct. 15, 2008 (Reuters) — Thomas Vanek scored twice to give the Buffalo Sabres a 3-1 win at the New York Rangers on Wednesday, handing the home team their first loss of the season. ...  > full story

Vegas champion McNeill aims for household status

LOS ANGELES, Oct. 15, 2008 (Reuters) — American George McNeill, eager to raise his profile in the game, will launch his title defense among illustrious company in Thursday's opening round at the Las Vegas Open in Nevada. ...  > full story

Playoff eagle helps Furyk beat Harrington in Grand Slam

MIAMI, Oct. 15, 2008 (Reuters) — American Jim Furyk sank an eight-foot eagle putt to beat Padraig Harrington at the first playoff hole in the PGA Grand Slam of Golf in Bermuda on Wednesday. ...  > full story
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