May 26, 2013

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Bush, McCain and Obama Meet to Discuss Bailout

Key members of Congress struck a deal earlier in the day but others were unwilling.The tentative accord would give the Bush administration just a fraction of the $700 billion it had requested up front, Capitol Hill aides said.

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Storm brews off North Carolina coast

A storm that could strengthen into a tropical system was poised to hit North Carolina's coastline with 40 mph wind gusts and several inches of rain, forecasters said Wednesday.

Letterman Unloads on McCain for Not Showing Up

"Late Night" host assails the Republican Presidential candidate for suspending his campaign in light of the economic crisis after the senator cancels an appearance at the last minute. Video included.

Zimbabwe's Mugabe to address UN General Assembly

Close to a power sharing deal with political opponent Morgan Tsvangirai, Zimbabwe president Robert Mugabe comes to the U.N. hoping to encourage the West to ease sanctions he blames for his country's devastating economic crisis.

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Wall Street Opens Higher on Bailout Hopes

Stocks are higher in early trading as government officials move closer to a deal aimed at saving the crippled financial system. But a credit market squeeze has intensified as doubts about the plan's ffectiveness drive demand for very short-term, safe-haven assets including three-month Treasury bills.

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Colorful Study Probes Climate Change, Fall Foliage

Could climate change dull the blazing palette of New England's fall foliage? The answer could have serious implications for one of the region's signature attractions, which draws thousands of "leaf peepers" every autumn.

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Disney Gala Shows Off Upcoming Movies

In a gala adorned with Hollywood stars, The Walt Disney Co. wowed an industry crowd in a showcase of its upcoming films that included a sequel to its 1982 sci-fi flick "Tron" and a "Lone Ranger" remake with Johnny Depp as Tonto.

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China Recalls Expand; EU Mulls Banning Baby Food

Food recalls expanded in Europe and Asia on Thursday as an industrial chemical linked to the deaths of four babies turned up in candies and other Chinese-made products that were quickly pulled from store shelves in China and abroad.

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Jobless Claims Pushed to 7-Year High

A slowing economy and two hurricanes push new claims for unemployment benefits to their highest level in seven years, far surpassing analysts expectations.

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Seniors Not Quite Embracing Generic Drugs

Seniors who switch between low-cost generic drugs and the original products based on who's footing the bill are likely driving up the cost of the government's Medicare drug plan, according to a new study.

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Kansas Delegation, Challengers Respond to Bailout

Democratic Senatorial candidate Jim Slattery said President Bush's proposal made him "mad as hell," while Sen. Roberts office claimed the senator has been able to address Kansans' concerns with Treas. Secretary Paulson.

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Obama, McCain To Attend Economic Bailout Talks

John McCain and Barack Obama say presidential politics should have no role in the government's efforts to save the crippled financial system. Yet, each is playing his own politics toward the same goals — showing leadership during crisis, getting credit for any solutions, and, ultimately, winning the presidency.

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Stock Futures Mixed on Bailout Hopes, GE Outlook

Wall Street headed for a narrowly mixed open Thursday as investors grew cautiously optimistic that the government and lawmakers would strike a deal to save the crippled financial system. But credit markets remained squeezed on worries that lingering obstacles to the bank bailout package could hinder its effectiveness.

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McGangsta: Ed McMahon to Rap in Viral Videos

Ed McMahon has an unexpected new job title: rapper. The 85-year-old former "Tonight Show" sidekick will star in two viral rap videos for FreeCreditReport.com, a financial Web site owned by credit bureau Experian.

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Deal Close On $700 Billion Financial Bailout Plan

President Bush is bringing presidential candidates Barack Obama and John McCain into negotiations on a $700 billion rescue of Wall Street as Democrats and Republicans near agreement on a bailout plan with more protections for taxpayers and new help for distressed homeowners.

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Oil Falls in Asia on Supply Delays, Bailout Plan

Oil prices fell to near $104 a barrel Thursday in Asia as investors weighed supply delays in the Gulf of Mexico against concerns that the U.S. credit crisis may slow global economic growth and hurt crude demand.

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