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Current News Today

Russian forces in Georgia appear to begin pullout (AP)
Russian soldiers pack up at the Georgian village of Karaleti, Tuesday, Oct. 7, 2008. Russia must pull out of territory surrounding the separatist regions of Abkhazia and South Ossetia by Friday under agreements reached after its war with Georgia. (AP Photo/Sergey Ponomarev)AP - Russian forces began the final stage of a pullback from positions outside Georgia's separatist South Ossetia region, bulldozing a camp at a key checkpoint as EU monitors looked on. A Russian general said the withdrawal would be completed Wednesday.


Wed, 08 Oct 2008 07:49:24 GMT

US, Japan favored for Nobel chemistry prize (AP)
AP - U.S. and Japanese researchers are among the favorites to win the Nobel Prize in chemistry, but don't expect any recent discoveries to get the nod.

Wed, 08 Oct 2008 07:45:41 GMT

Calm returns to Bangkok after deadly rioting (AP)
Anti-government protesters rest in front of their compound early Wednesday Oct. 8, 2008, in Bangkok, Thailand, after clashes with police killed at least two people and left dozens injured. (AP Photo/Ed Wray)AP - Soldiers stood guard on street corners Wednesday as an uneasy calm returned to Bangkok after fierce clashes between anti-government protesters and police left at least two dead and more than 400 injured.


Wed, 08 Oct 2008 07:55:51 GMT

Norbert strengthens into Category 2 hurricane (AP)
This NOAA satellite image show Tropical Storm Marco (lower-L) as it approaches the eastern coast of Mexico. Marco made landfall in Mexico Tuesday, crashing ashore as the latest in a series of powerful storms to strike the region this hurricane season, US forecasters said.(AFP/NOAA-HO)AP - Hurricane Norbert strengthened into a powerful Category 2 storm over the Pacific Ocean and forecasters warned that it could reach Mexico's Baja California peninsula by the weekend.


Wed, 08 Oct 2008 07:40:33 GMT

Current News Today

Oden scores 13 points in Blazers' debut (AP)
Greg Oden announced his delayed arrival to the NBA with a dunk two minutes into the preseason. Oden debuted to a standing ovation, as did the rest of the young Portland Trail Blazers, in a 110-81 exhibition victory over the Sacramento Kings on Tuesday night. Oden finished with 13 points in just under 20 minutes.

Tue, 07 Oct 2008 22:48:57 PDT

Baylor out as Clippers' executive (AP)
Elgin Baylor is out as vice president of basketball operations with the Los Angeles Clippers, and coach Mike Dunleavy will assume his responsibilities as general manager. Dunleavy said Baylor had decided to resign after spending 22 years as an executive with the team. "We greatly appreciate Elgin's efforts during his time with the Clippers, and we wish him the very best," Clippers owner and...

Tue, 07 Oct 2008 17:45:29 PDT

Artest scores 15 in Rockets' debut (AP)
Ron Artest gave Houston fans an early glimpse of what he brings to the team. Artest scored 12 of his 15 points in the first quarter of his Rockets debut, and Houston beat the Memphis Grizzlies 96-93 on Tuesday night in its preseason opener. The Rockets picked up Artest in an offseason trade with Sacramento with the hope that the talented, temperamental forward transforms them into a title...

Tue, 07 Oct 2008 21:27:38 PDT

Next round features BoSox-Rays, Manny (AP)
Exactly why the Boston Red Sox and Tampa Bay Rays tangle so much is hard to tell. Blame it on a high-and-tight pitch here, a hard slide there. Whatever, this much is true: The teams playing in the AL championship series sure get into a lot of scraps. "There's no hatred," injured Red Sox pitcher Curt Schilling insisted Tuesday in an e-mail to The Associated Press.

Tue, 07 Oct 2008 17:42:22 PDT

Current News Today

Britain bails out banks, Hong Kong slashes rates (Reuters)
A foreign currency dealer reacts as she monitors a screen displaying foreign exchange rates at the Korea Exchange Bank (KEB) in Seoul October 8, 2008. (Jo Yong-Hak/Reuters)Reuters - Britain announced plans to inject up to 50 billion pounds ($87.2 billion) into its biggest retail banks on Wednesday and Hong Kong slashed interest rates to try to stem the global financial crisis.


Wed, 08 Oct 2008 08:06:37 GMT

Central banks try new methods amid market mayhem (Reuters)
A man walks past a video display showing financial information in Tokyo, October 8, 2008. (Michael Caronna/Reuters)Reuters - Central banks across Asia stepped up to offer more support to commercial banks on Wednesday, to try to ease painful pressure on funding costs from a vicious global credit squeeze.


Wed, 08 Oct 2008 06:45:57 GMT

Citi seeks potential partners for Wachovia bid: report (Reuters)
Reuters - Citigroup Inc is looking for potential partners in its bid for Wachovia Corp , seeking to wrest the upper hand from Wachovia's other suitor Wells Fargo & Co , the Wall Street Journal said, citing people familiar with the matter.

Wed, 08 Oct 2008 05:34:07 GMT

Global stocks markets dive as crisis fears spread (Reuters)
People walk past a video display showing financial information in Tokyo, October 8, 2008. (Michael Caronna/Reuters)Reuters - Stock markets across the world plunged on Wednesday as concerns about the worst financial crisis in nearly 80 years and fears of a global recession gripped investors despite government efforts to intervene.


Wed, 08 Oct 2008 08:15:15 GMT

Current News Today

Iceland teeters on the brink of bankruptcy (AP)
A man walks out of a branch  of Landsbanki in Reykjavik, Iceland Tuesday Oct. 7, 2008 . Iceland nationalized its second-largest bank Landsbanki  on Tuesday under day-old legislation and negotiated a euro4 billion (US$5.4 billion) loan from Russia to shore up the nation's finances amid a full-blown financial crisis. The moves came a day after trading in shares of major banks was suspended, the Icelandic krona lost a quarter of its value against the euro, and the government rushed through emergency legislation giving it new powers to deal with the financial meltdown.  Prime Minister Haarde warned late Monday that the heavy exposure of the tiny country's banking sector to the global financial turmoil raised the spectre of 'national bankruptcy.'  (AP Photo/Arni Torfason)AP - This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown.


Tue, 07 Oct 2008 19:40:41 GMT

14-year-old Iowa girl abandoned under Nebraska law (AP)
AP - A 14-year-old Iowa girl was abandoned Tuesday in Nebraska under its safe haven law, but the person who left her could face prosecution in the girl's home state, Nebraska health officials said.

Wed, 08 Oct 2008 02:41:46 GMT

Analysis: Obama, McCain defy stereotypes in debate (AP)
Democratic presidential candidate Sen. Barack Obama, D-Ill., left, speaks as Republican presidential candidate Sen. John McCain, R-Ariz., listens during a townhall-style presidential debate at Belmont University in Nashville, Tenn., Tuesday, Oct. 7, 2008. (AP Photo/Mark Humphrey)AP - Democrat Barack Obama and Republican John McCain tried to rectify perceived shortcomings and played against type at key moments in Tuesday's presidential debate, but neither seemed to change a campaign dynamic that favors Obama for now.


Wed, 08 Oct 2008 07:33:01 GMT

McCain, Obama trade barbs in town hall debate (AP)
Democratic presidential candidate Sen. Barack Obama, D-Ill., talks as Republican presidential candidate Sen. John McCain, R-Ariz., walks during the second presidential debate at the Curb Center at Belmont University in Nashville, Tenn., Tuesday, Oct. 7, 2008.(AP Photo/Alex Brandon)AP - John McCain dismissively called rival Barack Obama "that one," Obama mocked McCain's "Straight Talk Express," and both left the debate stage to return to the campaign trail Wednesday.


Wed, 08 Oct 2008 07:30:59 GMT