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EBay to Cut 1,000 Jobs, Will Buy Bill Me Later

Posted: 10/06/2008 - EBay Inc. said on Monday it will cut about 1,000 employees, reducing its work force by about 10 percent. The online auction site also said it will get rid of several hundred temporary workers and reduce open positions.

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Eli Lilly Arees to Buy ImClone for Over $6B

Posted: 10/06/2008 - The drugmaker Eli Lilly & Co. says it has agreed to buy biotechnology company ImClone Systems Inc. for more than $6 billion in a deal that would expand its pipeline of cancer treatments.

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European Cuntries Ramp Up Deposit Protection

Posted: 10/06/2008 - Nordic countries Denmark and Sweden moved Monday to bolster protection of bank accounts as stock exchanges across Europe opened lower and central banks pumped more money to cash-starved banks.

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Wall Street Set to Follow Global Sell-off

Posted: 10/06/2008 - Financial markets around the world had a rocky start Monday after European governments took steps to limit the damage from the growing global financial crisis. U.S. stocks looked to have a steep drop at the opening, and the credit markets remained under strain.

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Miley Cyrus Celebrates Sweet 16 at Disneyland

Posted: 10/06/2008 - Miley Cyrus' 16th birthday party was more boisterous than sweet. Cyrus celebrated the hallmark birthday at an over-the-top Disneyland celebration Sunday — even though she doesn't actually turn 16 until Nov. 23.

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Asian Markets Plunge on Fears Crisis is Spreading

Posted: 10/06/2008 - Asian stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears of a global financial crisis that would depress world economic growth.

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Oil Falls Below $90 As Financial Turmoil Spreads

Posted: 10/06/2008 - Oil prices fell to an 8-month low below $90 a barrel on speculation that the spreading financial crisis will exacerbate a global economic slowdown and cut demand for crude oil.

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Man Beaten Trying to Break Up Fight

Posted: 10/05/2008 - A driver of a pick up truck and two people riding on bikes got into an argument around 4:30 p.m. in the parking lot just to the east of the Dairy Queen near the Topeka Commons Shopping Center. Another driver got out and tried to assist in the escalating argument.

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Russian troops leave Georgian posts

Posted: 10/05/2008 - Russian troops began dismantling positions Sunday in the so-called security zones inside Georgia they have occupied since August's brief but intense war, a Georgian Interior Ministry official said.

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5 O.J. Simpson jurors disagreed with 1995 acquittal

Posted: 10/05/2008 - Jury questionnaires released Saturday revealed five of the jurors in O.J. Simpson's Las Vegas, Nevada, robbery trial said they disagreed with the 1995 verdict where he was found not guilty of two murders.

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Snow halts Fossett crash site work

Posted: 10/05/2008 - California officials say recovery efforts around the site of adventurer Steve Fossett's downed plane may not resume until summer.

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Baby found alive in mud days after Algeria floods

Posted: 10/05/2008 - A baby was found alive by rescuers after spending four days in a pool of mud following flash floods that killed at least 41 people in central Algeria last week, a local official said Sunday.

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Obama accuses McCain of looking for distractions

Posted: 10/05/2008 - Sen. Barack Obama on Sunday charged that Sen. John McCain's campaign is launching "Swift boat-style attacks" on him instead of addressing the country's problems.

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Germany reaches deal to bail out Hypo

Posted: 10/05/2008 - Germany became the latest country to move to allay fears about the financial meltdown, enhancing a rescue plan for Hypo Real Estate AG and guaranteeing private bank accounts as European governments scrambled on their own Sunday to save failing banks.

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Source: Saudi hosts Afghan peace talks with Taliban reps

Posted: 10/05/2008 - In a groundbreaking meeting, King Abdullah of Saudi Arabia recently hosted talks between the Afghan government and the Taliban militant group, according to a source familiar with the talks.

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