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Greenspan Sees Steep Decline In U.S. GDP

Posted: 11/07/2008 - Former Federal Reserve Chairman Alan Greenspan said Friday there is no doubt the world economy is in a very severe recession and that U.S. gross domestic product will decline significantly in the last three months of the year.

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EU leaders: World has 100 days to fix system

Posted: 11/07/2008 - European Union leaders backed a 100-day deadline for world's leading economies to decide urgent global finance reforms, French President Nicolas Sarkozy said Friday.

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Obama to center stage, promises action on economy

Posted: 11/07/2008 - Inheriting an economy in peril, President-elect Obama warned on Friday that the nation faces the challenge of a lifetime and pledged he would act urgently to help Americans devastated by lost jobs, disappearing savings and homes seized in foreclosure. But the man who promised change cautioned against hopes of quick solutions.

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Palin Takes Aim At "Cowardly" Critics

Posted: 11/07/2008 - Alaska Gov. Sarah Palin called her critics cowards and jerks Friday for deriding her anonymously and insisted she never asked for the expensive wardrobe purchased for her use on the presidential campaign.

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Spain expected to be at summit in US

Posted: 11/07/2008 - Spain won an invitation to next week's global financial summit after receiving a major boost Friday with France urging the United States to include Madrid, European officials said.

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US military deaths in Iraq war at 4,191

Posted: 11/07/2008 - As of Friday, Nov. 7, 2008, at least 4,191 members of the U.S. military have died in the Iraq war since it began in March 2003, according to an Associated Press count.

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Scientists Decode Cancer Cell DNA

Posted: 11/07/2008 - Scientists reported decoding the entire genetics of a cancer cell. They did it by analyzing the cells of a woman with leukemia, reports CBS News medical correspondent Dr. Jon LaPook.

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Michelle Obama: A First Lady Fashionista

Posted: 11/07/2008 - Change is definitely coming to 1600 Pennsylvania Ave., as our next first lady, Michelle Obama, is bringing a new sense of style to the White House.

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Run On Guns As Owners Fear New Regulations

Posted: 11/07/2008 - When 10-year-old Austin Smith heard Barack Obama had been elected president, he had one question: Does this mean I won't get a new gun for Christmas?

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Airlines' on-time performance improved in Sept.

Posted: 11/07/2008 - U.S. airlines' on-time performance and baggage handling improved in September, though the carriers overall posted a higher rate of domestic cancellations compared to the same month a year ago, the Transportation Department said Friday.

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Dutch outcry over naming giant ship after Nazi

Posted: 11/07/2008 - It ought to be a proud milestone in the Dutch seafaring heritage - the construction of a new ship its owner claims will be the world's largest. But there's one problem: its name.

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Munich Re 3Q profit plummets, 2008 target dropped

Posted: 11/07/2008 - Reinsurer Munich Re AG said Friday that it barely eked out a profit in the third quarter as its investments were hurt by falling stock markets, forcing the company to abandon its full-year earnings forecast for the second time this year.

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Corus cuts production as demand falls

Posted: 11/07/2008 - Steel maker Corus said Friday that it will cut production of crude steel by 30 per cent in the next six months as a response to falling demand.

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Porsche's profit soars on VW stake

Posted: 11/07/2008 - Luxury car maker Porsche SE said Friday its profits soared by 52 percent in its latest fiscal year - driven higher by gains in its stake in Volkswagen AG, Europe's biggest automaker.

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Obama says hard work needed on economic crisis

Posted: 11/07/2008 - President-elect Obama says the hardships many Americans are suffering economically are an "urgent reminder" that the nation's leaders must act swiftly to stabilize the financial industry.

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Kansas Farm Bureau Holds Statewide Conference

Posted: 11/07/2008 - About a thousand farmers and ranchers from across Kansas gathered in Manhattan this week for the Kansas Farm Bureau's statewide conference.

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