U.S. Top News Late Edition: Asia stocks drop on dark global economy outlook

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Good evening Srini, WED 22 Oct 2008  today's headlines Asia stocks drop on dark global economy outlook Obama urges vigilance during presidential change Crisis reverberates from Hungary to Wall Street Rice says Iraqis can't yet defend Iraq alone Closing Guantanamo may not be enough: U.N. envoy "White-powder" letters hit more banks and N.Y. Times Lawmakers, former execs blast credit raters Iraq seeks changes to wording not backbone of pact Ugly election incidents show lingering U.S. racism Wachovia has $23.9 billion loss on writeoff, mortgages   today's videos Palin: plus or drag on McCain? Lawmakers grill ratings agencies It's World Series time! more details Asia stocks drop on dark global economy outlook October 22, 2008 10:11 PM ET HONG KONG (Reuters) - Asian stocks dropped to a four-year low for a second day on Thursday, with exporters especially hard hit, on growing fears that a severe global downturn would depress corporate earnings further. Full Article Obama urges vigilance during presidential change October 22, 2008 08:23 PM ET RICHMOND, Virginia (Reuters) - Democrat Barack Obama said on Wednesday the United States must be vigilant against attack during the transition to a new president, no matter whether he or Republican rival John McCain wins the November 4 White House race. Full Article Crisis reverberates from Hungary to Wall Street October 22, 2008 06:42 PM ET WASHINGTON (Reuters) - Growing fears of a deep global recession reflected in disappointing corporate earnings and announcements of job cuts sent global markets into a tailspin on Wednesday, with U.S. stocks hitting a five-year low. Full Article Rice says Iraqis can't yet defend Iraq alone October 22, 2008 10:08 PM ET PUERTO VALLARTA, Mexico (Reuters) - Iraqi forces cannot yet defend Iraq by themselves, so Baghdad should accept a pact that would allow U.S. troops to remain, U.S. Secretary of State Condoleezza Rice said on Wednesday. Full Article Closing Guantanamo may not be enough: U.N. envoy October 22, 2008 07:44 PM ET UNITED NATIONS (Reuters) - The next U.S. president, whether it is Barack Obama or John McCain, will likely shut down Guantanamo Bay prison camp but may decide to keep some prisoners indefinitely, a U.N. rights envoy said on Wednesday. Full Article "White-powder" letters hit more banks and N.Y. Times October 22, 2008 06:19 PM ET WASHINGTON (Reuters) - Seven Chase bank branches in Phoenix and the New York Times headquarters in New York received envelopes containing a suspicious white powder on Wednesday as a wave of threatening U.S. mailings spread. Full Article Lawmakers, former execs blast credit raters October 22, 2008 06:25 PM ET WASHINGTON (Reuters) - Lawmakers criticized the three largest credit rating agencies for their role in the worst financial crisis in decades, and the agencies admitted they didn't see it coming. Full Article Iraq seeks changes to wording not backbone of pact October 22, 2008 03:04 PM ET BAGHDAD (Reuters) - Baghdad will demand changes to the wording of a pact allowing U.S. troops to stay in Iraq but will not seek to renegotiate the "backbone" of the agreement, Foreign Minister Hoshiyar Zebari said on Wednesday. Full Article Ugly election incidents show lingering U.S. racism October 22, 2008 06:40 PM ET KANSAS CITY, Missouri (Reuters) - Two weeks before an election that could install the first black U.S. president, scattered ugly incidents have reflected a deep residue of racism among some segments of white America. Full Article Wachovia has $23.9 billion loss on writeoff, mortgages October 22, 2008 04:29 PM ET NEW YORK (Reuters) - Wachovia Corp reported a third-quarter loss of $23.9 billion on Wednesday, a record quarterly deficit for a banking company in the global credit crisis, underscoring the challenges Wells Fargo & Co faces when it acquires the big lender. Full Article     REUTERS www.reuters.com Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book.Details Subscribe to other Reuters newsletters Unsubscribe from this newsletter. Forward this mailing to a friend or colleague Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers