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Top headlines from around the world
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Today's Top Stories
From around the world and across the street.
•Fed orders emergency rate cut to 1.5 percent
by By JEANNINE AVERSA
3 minutes ago
WASHINGTON (AP) -- The Federal Reserve cut a key interest rate by half a percentage point Wednesday to steady an economy teetering on the kind of financial collapse that America suffered in 1929....
[From AP Top Headlines At 7:19 a.m. EDT]
•Fed leads global coordinated rate cut, eases by half-point
7 minutes ago
WASHINGTON (Reuters) - The Federal Reserve led a coordinated round of global official rate cuts on Wednesday, easing by a half-point, as did the European Central Bank, Bank of England and Swiss, Canadian and Swedish banks. In an attempt to stem unprecedented global market turmoil, the Fed cut its key federal funds lending rate by half a percentage point to 1.5 percent and also lowered its discount rate by the same amount to 1.75 percent.
[From Reuters: Top News]
•Investors dump stocks despite government moves
9 minutes ago
LONDON (Reuters) - Stock markets across the world slumped 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.
[From Reuters: Top News]
•IOC to retest all doping samples from Beijing
14 minutes ago
LAUSANNE, Switzerland (AP) -- The International Olympic Committee will retest all doping samples from the Beijing Games to check for traces of a new blood-boosting drug....
[From AP Top Headlines At 7:19 a.m. EDT]
•McCain, Obama trade barbs in town hall debate
by By PHILIP ELLIOTT
14 minutes ago
NASHVILLE, Tenn. (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....
[From AP Top Headlines At 7:19 a.m. EDT]
•Hurricane Norbert becomes Category 3 storm
by By OLGA R. RODRIGUEZ
22 minutes ago
MEXICO CITY (AP) -- Hurricane Norbert strengthened Wednesday to a Category 3 storm in the Pacific Ocean and was forecast to hit Mexico's Baja California peninsula by the weekend....
[From AP Top Headlines At 7:19 a.m. EDT]
•European markets tumble after Asian slide
by By PAN PYLAS
25 minutes ago
LONDON (AP) -- European markets tumbled in early trading Wednesday amid ongoing fears about the state of credit markets despite the British government's 50 billion pound ($87.5 billion) rescue package for the banking system. In Asia, Japan's Nikkei suffered its worst day since the 1987 stock market crash....
[From AP Top Headlines At 7:19 a.m. EDT]
•Ex-minister says S.Africa's ANC close to split
28 minutes ago
JOHANNESBURG (Reuters) - Former South African Defense Minister Mosiuoa Lekota said on Wednesday the ruling ANC was close to a split but stopped short of announcing a breakaway party.
[From Reuters: Top News]
•Travis Barker thankful to be alive after jet crash
28 minutes ago
NEW YORK (AP) -- Former Blink-182 drummer Travis Barker, who always has been afraid of flying, says he's glad to be alive after suffering severe burns in a fiery plane crash last month....
[From AP Top Headlines At 7:19 a.m. EDT]
•Trio wins chemistry Nobel for protein breakthrough
29 minutes ago
STOCKHOLM (Reuters) - Two Americans and a Japanese researcher won the 2008 Nobel prize for chemistry on Wednesday for the discovery of a glowing protein in jellyfish that helps scientists spot the onset of maladies such as cancer and Alzheimer's disease.
[From Reuters: Top News]
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