Wall Street Falls After Dems Reject Auto Bailout Plan (New York, NY) -- Investors took Wall Street for a roller coaster ride during trading but there was no turning back as it became evident an auto bailout may not happen. Stocks rose once word spread a compromise had been reached on a possible bailout, but quickly fell after Democrats rejected the plan ...Read More
Congress To Automakers: Show Plans And We'll Show You Money (Washington, DC) -- Congressional Democratic leaders are asking the Big Three automakers to present specific plans for how they would spend 25-billion dollars in emergency loans. In a Capitol news conference, Senate Majority Leader Harry Reid said Democrats are determined to help the auto industry ...Read & Hear More
Oil Drops Under 50-Dollars A Barrel (London) -- Oil prices dropped to under 50-dollars a barrel on Thursday, marking their lowest levels since May of 2005. U.S. crude fell three-dollars-26-cents to 50-36 a barrel after earlier hitting a 42-month low of 49-75 ...Read More
GMAC Applies For Status As Bank Holding Company (New York, NY) -- GMAC has applied for status as a bank holding company. The move by the car dealer lender is aimed at gaining access to the 700-billion-dollar Wall Street bailout plan approved by Congress ...Read More
Global Stocks Fall To Five-And-A-Half-Year Low (London) -- World stocks fell to a five-and-a-half-year low today, with emerging market equities down nearly four-and-a-half-percent. European shares lost three-percent and Japanese stocks plunged seven-percent ...Read More
Lawmakers Say Auto Bailout Bill Needs Plan, Time (Washington, DC) -- Congressional Democratic leaders are asking the Big Three automakers to present specific plans for how they would spend 25-billion dollars in emergency loans. Senate Majority Leader Harry Reid said the CEOs at the Big Three automakers haven't been able to convince Congress that their request for bailout funds will be their last ...Read & Hear More
Wall Street Falls After Dems Reject Auto Bailout Plan (New York, NY) -- Investors took Wall Street for a roller coaster ride during trading but there was no turning back as it became evident an auto bailout may not happen. Stocks rose once word spread a compromise had been reached on a possible bailout, but quickly fell after Democrats rejected the plan ...Read More
Some Lawmakers Scramble To Aid Automakers (Washington, DC) -- A bipartisan group of senators has crafted a legislative compromise to get federal aid to struggling U.S. automakers. In a Capitol news conference, Michigan Democratic Senator Carl Levin warned an economic depression is a real possibility if GM, Ford or Chrysler goes down ...Read & Hear More
Entertainment
"Twilight's" Star Vampire Talks Heartthrob Status (Undated) -- Anticipation is at a fever pitch for the soon-to-be released vampire romance "Twilight." Part of the frenzy has to do with the film's star, Hollywood's heartthrob-in-the-making Robert Pattison ...Read & Hear More
Lawyer Says Jacko Will Testify Monday In Lawsuit (London) -- Pop superstar Michael Jackson plans to defend himself in court next week after all. The gloved one originally had his lawyer insist he was too sick to travel to a British court where he's being sued by a Bahrain prince ...Read More
Country-Pop Princess Taylor Swift Reigns Over Charts (Undated) -- She may only be 18, but Taylor Swift has already reached the ranks of veteran musicians with the sales from her new album "Fearless." Billboard.com reports the album sold 592-thousand copies in its first week, making it the best sales week for a country album in a year ...Read & Hear More
