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Tom Hanks among Celebs who Pack Emmy Afterparties

Posted: 09/22/2008 - Accepting hugs left and right and clutching his best miniseries trophy for HBO's "John Adams," Tom Hanks made one thing clear at the premium cable network's packed Emmy afterparty: He's not a partier.

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European Tourists are Kidnapped in Egypt

Posted: 09/22/2008 - A group of 11 European tourists and four Egyptians were kidnapped during an adventure safari to one of the remotest sites in Egypt deep in the Sahara desert and were taken across the border into neighboring Sudan, officials said Monday.

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Morgan Stanley to Sell 20% Stake in Itself

Posted: 09/22/2008 - Morgan Stanley says it signed a letter of intent to sell up to 20% of its company to Japan's largest bank, Mitsubishi UFJ Financial Group.

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Bush, Congress Exchange Views on Relief Bill

Posted: 09/22/2008 - President Bush and leading Democrats differed Monday on just how quickly Congress should pass legislation stabilizing the country's troubled financial system.

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Stocks Open Lower after Bank Bailout Plan

Posted: 09/22/2008 - Wall Street fell in early trading Monday as investors nervously await further news about the government's plan to buy $700 billion in banks' mortgage debt.

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Wall St.'s Remaining Giants Change Status

Updated: 09/22/2008 - The last two major investment banks, Goldman Sachs and Morgan Stanley, transform themselves into bank holding companies, a change that will allow the two giants to take deposits.

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Democrats Urge Caution on Financial Legislation

Posted: 09/22/2008 - Leading congressional Democrats called Monday for a cautious, deliberative approach to stabilizing troubled financial markets as lawmakers confronted this vexing issue with an election-year recess drawing near.

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China's Food Safety Watchdog Boss Steps Down

Posted: 09/22/2008 - The head of China's product quality watchdog resigned Monday in the wake of the tainted baby formula scandal that has sickened nearly 53,000 infants, highlighting a breakdown in the country's food safety system only a year after a major overhaul.

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Russian Navy Ships Head To Maneuvers in Venezuela

Posted: 09/22/2008 - A Russian navy squadron set off for Venezuela Monday, an official said, in a deployment of Russian military power to the Western Hemisphere unprecedented since the Cold War.

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'Mad Men' And '30 Rock' Win Top Emmy Awards

Posted: 09/22/2008 - Millions watched "Mad Men" make history on ABC as basic cable's first show to win a best drama award at the 60th annual Primetime Emmy Awards. Way up the tuner on AMC, a tiny sliver of that audience watched the most recent "Mad Men."

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World Stocks Rise on Proposed US Bailout

Posted: 09/22/2008 - Global markets rose Monday after the U.S. government proposed a $700 billion plan to solve the world financial crisis by rescuing banks from billions of dollars in risky mortgage debt.

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Last Major Investment Banks Change Status

Posted: 09/22/2008 - The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks — Goldman Sachs and Morgan Stanley — to change their status to bank holding companies.

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Administration And Fed Move To Deal With Crisis

Posted: 09/22/2008 - The Bush administration and the Federal Reserve are moving on multiple fronts in an effort to calm financial markets that have been roiled by the biggest upheavals on Wall Street since the Great Depression.

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Asia Stocks Extend Gains on Proposed US Bailout

Posted: 09/22/2008 - Asian markets rose Monday after the U.S. government proposed a US$700 billion plan to solve the world financial crisis by rescuing banks from billions of dollars in risky mortgage debt.

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Ford, Dow Execs to Announce National Summit in '09

Posted: 09/22/2008 - Amid the turmoil on Wall Street, leaders from two global companies hard hit by economic and industrial upheavals are expected to unveil plans Monday for a national convention being held next year to discuss the future of manufacturing, technology, energy and the environment.

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Oil Rises as Investors Mull US Bailout

Posted: 09/22/2008 - Oil prices rose Monday in Asia as investors grappled with the possible impact on crude demand of a $700 billion U.S. proposal to buy bad mortgage debt.

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'Mad Men' and `30 Rock' Win Top Emmy Awards

Posted: 09/22/2008 - Millions watched "Mad Men" make history on ABC as basic cable's first show to win a best drama award at the 60th annual Primetime Emmy Awards. Way up the tuner on AMC, a tiny sliver of that audience watched the most recent "Mad Men."

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