1. On Wall Street, another volatile day. The Dow Jones Industrial is falling 733 points, the second largest point loss ever. Stocks dropped on disappointing economic news including a big drop in retail sales. 2. Tonight is the last time presidential...
The firefight continues in southern California where crews are now battling three different blazes. One fire doubled in size has now burnt over 10,000 acres. Crews are getting the upper handle on the blaze... when evacuation order has been partially...
1. A new brush fire has broken out in the hills above Los Angeles' San Fernando Valley suburbs, prompting mandatory evacuations. The new fire began Monday morning, a few miles west of the 3,700-acre brush fire that has been burning since early Sunda...
1. Treasury Secretary Henry Paulson is warning against isolationism and protectionism in the midst of the world financial crisis. He spoke at a meeting of the World Bank's policy-setting committee in Washington on how to deal with the meltdown. 2. E...
1. Financial officials from the world's wealthy nations are meeting in Washington to discuss ways out of the financial crisis. President Bush met with them for about a half hour this morning at the White House. Afterward, the president said the US w...
1.Markets go on a wild ride, with the Dow going back and forth between positive and negative territory all day, dropping nearly 700 points early on before closing down by more than 100 points. This has been the Dows worst week ever. 2.President Bush...
1. The Dow drops below 9,000 for the first time in five years. Investors are gloomy about the economy and the health of corporations. Shares of General Motors tumbled almost 30 percent to their lowest level since 1950. 2. President Bush will meet wi...
1. Treasury Secretary Henry Paulson says global financial markets remain severely strained. He's calling for quick action to implement the government's 700-billion-dollar rescue program. And he says the administration is moving fast to begin the lar...
1. Federal Reserve Chairman Ben Bernanke is issuing a gloomy warning about the nation's economy. Bernanke says the recent financial turmoil means economic activity will be subdued through the rest of this year and into next year. 2. There are new de...
1.The Dow Jones is continuing its volatile ride at the time when the Dow was down over 500 points putting it below 10000 for the first time in four years. Despite the government's Wall Street bailout plan, credit markets are still strained.The Feder...
1. A new Barack Obama ad that begins airing on national cable tomorrow calls John McCain's reaction to the recent financial turmoil erratic. The ad also accuses McCain of trying to shift debate from the economy to Obama's character. Sarah Palin has...
1. President Bush is telling Americans that it may be a while before they feel any relief from the 700-billion-dollar bailout plan approved yesterday. He says it will take some time to implement it. Meanwhile, many Americans still say they oppose th...
1.With the economy on the brink and elections looming, Congress approved an unprecedented 700-billion-dollar rescue package for the financial industry. Shortly after the vote, President Bush signed it Friday afternoon. 2.Stocks climbed as the House...
1. Wall Street plunges again as credit markets remain tight and jobless claims hit seven-year high, stoking fears the government's financial rescue plan may not halt recession. Some lawmakers in the House now say they will change their votes when a...
1. Wall Street closes to modest losses as investors wait for a Senate vote on helping out the financial market. The Dow was down more than 200 points early but recovered to a loss of 19 points. 2. In Washington, high hopes that revised financial res...
