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GM, Chrysler considering bankruptcy to get bailout: report

Dec. 4, 2008 (Reuters) — General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions. ...  > full story
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Arab-American hate crimes down after 9/11

WASHINGTON, Dec. 4, 2008 (Reuters) — Hate crimes against Arab Americans have decreased steadily since the September 11 attacks but are still more common than they were before the hijackings, a civil rights group said on Thursday. ...  > full story
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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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World News

Suicide bomb inside spy agency in Afghan southeast

KHOST, Afghanistan, Dec. 4, 2008 (Reuters) — A suicide bomber detonated explosives inside a compound of the main intelligence agency in the southeastern Afghan town of Khost Thursday, an official source said. ...  > full story

China lashes Dalai Lama's demands for autonomy

BEIJING, Dec. 4, 2008 (Reuters) — China says there is no chance of embracing the Dalai Lama's demands for autonomy for Tibet, using the state media to condemn the exiled Buddhist leader's stance ahead of his meeting with French President Nicolas Sarkozy. ...  > full story

Body of slain Afghan ex-president identified after 30 years

KABUL, Dec. 4, 2008 (Reuters) — Afghan authorities have identified the body of ex-President Mohammad Daud Khan who was slain in a communist-backed coup three decades ago along with some members of his family, an official said Thursday. ...  > full story

Australians told to take a break for the economy

CANBERRA, Dec. 4, 2008 (Reuters) — As Australia fights to head off recession, the national government on Thursday urged workers to take a holiday to help stimulate the economy. ...  > full story

Politics

Clinton's Indonesian ties may face scrutiny

JAKARTA, Dec. 4, 2008 (Reuters) — Hillary Clinton's nomination as U.S. secretary of state could prove tricky for Indonesia, a key ally in Southeast Asia in the U.S.-led war on terror, because of a past funding scandal and her stance on trade and human rights. ...  > full story

U.S. must halt spread of nuclear, bio weapons: Biden

WASHINGTON, Dec. 3, 2008 (Reuters) — The United States has done too little to fight the spread of weapons of mass destruction, U.S. Vice President-elect Joe Biden said on Wednesday, as he got a congressional report warning of their pressing threat. ...  > full story

Jeb Bush mulling U.S. Senate run, aide says

MIAMI, Dec. 3, 2008 (Reuters) — Former Florida Gov. Jeb Bush, the younger brother of President George W. Bush, is considering running in 2010 for the U.S. Senate seat being vacated by fellow Republican Mel Martinez, an aide said on Wednesday. ...  > full story

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

Business

Credit Suisse to cut more jobs after $2.5 billion loss

ZURICH, Dec. 4, 2008 (Reuters) — Swiss bank Credit Suisse said on Thursday it made a net loss of about 3 billion Swiss francs ($2.5 billion) in the two months to the end of November, and announced it would shed another 5,300 jobs. ...  > full story

Philips says won't meet targets in current market

AMSTERDAM, Dec. 4, 2008 (Reuters) — Philips Electronics said on Thursday it did not expect to meet its mid-term profit target as market conditions for its Consumer Lifestyle and parts of its Lighting units were deteriorating. ...  > full story

Nomura says to cut up to 1,000 staff in London

TOKYO, Dec. 4, 2008 (Reuters) — Japanese brokerage house Nomura Holdings Inc <8604.T> said it would axe up to 1,000 staff in London in its first big job cuts since it bought parts of failed Lehman Brothers, adding to a wave of lay-offs in the global financial industry. ...  > full story

Mattel wins permanent injunction against MGA in Bratz case

LOS ANGELES, Dec. 4, 2008 (Reuters) — A federal judge in California on Wednesday ordered MGA Entertainment Inc to stop selling its popular Bratz dolls and banned it from using the Bratz name, finding that "hundreds" of Bratz products infringe on copyrights owned by rival toymaker Mattel Inc . ...  > full story

Science

O'Brien out at CNN as network ends space mission

NEW YORK, Dec. 3, 2008 (Hollywood Reporter) — CNN will close its dedicated unit that covered environmental, science and space stories. ...  > full story

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

Entertainment

Lil Wayne and Coldplay lead Brit-heavy Grammy field

LOS ANGELES, Dec. 4, 2008 (Reuters) — Rapper Lil Wayne, whose new album was the biggest seller of the year, led the field of Grammy contenders, while rock bands Coldplay and Radiohead led a British invasion of the music industry's top honors. ...  > full story

"Office" scores touchdown on NBC's midseason lineup

LOS ANGELES, Dec. 3, 2008 (Hollywood Reporter) — NBC's hit comedy "The Office" will get the coveted post-Super Bowl spot next year, while the new drama "Kings" will take over for "ER" on Thursday nights after the long-running medical drama airs its series finale. ...  > full story

Drama offers comprehensive look at dictator's reign

LOS ANGELES, Dec. 3, 2008 (Hollywood Reporter) — Saddam Hussein hasn't been in the news much lately. Being hanged to death two years ago will have that effect. Still, the situation in Iraq continues to bear the impact of his life and his ruthlessness, many of the details of which are not widely known. ...  > full story

Adidas ads feature musicians but not their music

NEW YORK, Dec. 3, 2008 (Billboard) — In the summer of 1986, hip-hop pioneers Run-D.M.C. played a show at Madison Square Garden in New York, riding high on the success of their single "My Adidas" and their third album, "Raising Hell." ...  > full story

Sports

Cavs win 10th straight at home in Knicks blowout

NEW YORK, Dec. 4, 2008 (Reuters) — The red-hot Cleveland Cavaliers won a franchise-best 10th home game in a row in a 118-82 blowout of the New York Knicks on Wednesday. ...  > full story

Rangers fight back to pip Penguins in shootout

NEW YORK, Dec. 4, 2008 (Reuters) — The New York Rangers outlasted the Pittsburgh Penguins 3-2 in a shootout after digging themselves out of a two-goal hole in regulation Wednesday. ...  > full story

De La Hoya trained for King Kong not "little Manny"

LAS VEGAS, Dec. 3, 2008 (Reuters) — Oscar De La Hoya knows Manny Pacquiao is moving up two weight divisions to fight him but 'The Golden Boy' insists he will not take the Filipino lightly. ...  > full story

Hard times for China's clubs as game declines

BEIJING, Dec. 3, 2008 (Reuters) — Another miserable soccer season in China drew to an underwhelming close when Shandong Luneng claimed the Chinese Super League (CSL) title with a goalless home draw at the weekend. ...  > full story
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