U.S. Top News Late Edition: Central banks cut rates, but markets stay fearful

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Good evening Srini, WED 08 Oct 2008  today's headlines Central banks cut rates, but markets stay fearful Stocks fall for 6th session on recession fear McCain pushes $300 billion mortgage plan AIG getting fresh billions from Fed, defends event U.S. to call for more NATO troops for Afghanistan Court blocks Uighurs' release from Guantanamo G7 to hold outreach dinner with Russia Friday: U.S. Wall Street panic rolling over consumers worldwide Iran faces U.S. challenge in "pistachio war" Surge in younger voters seen favoring Obama   today's videos Paulson calls for global action Two unrealistic economic plans? Petraeus: Open to Taliban talks more details Central banks cut rates, but markets stay fearful October 08, 2008 10:08 PM ET NEW YORK/WASHINGTON (Reuters) - Central banks around the world cut interest rates in unison on Wednesday but the unprecedented move failed to help battered stocks, thaw credit markets or temper forecasts for a sharp global economic downturn. Full Article Stocks fall for 6th session on recession fear October 08, 2008 09:15 PM ET NEW YORK (Reuters) -Stocks fell for a sixth straight session on Wednesday, as a coordinated worldwide cut in interest rates failed to alleviate fears about a global recession. Full Article McCain pushes $300 billion mortgage plan October 08, 2008 09:15 PM ET BETHLEHEM, Pennsylvania (Reuters) - White House hopeful John McCain pitched a $300 billion plan to help struggling homeowners on Wednesday as he tried to erode an advantage held by Democratic rival Barack Obama on economic issues. Full Article AIG getting fresh billions from Fed, defends event October 08, 2008 06:47 PM ET NEW YORK (Reuters) - American International Group Inc could get nearly $38 billion in fresh cash under a program announced by the Federal Reserve on Wednesday, as the insurer tried to fend off criticism of a lavish event held days after getting an initial $85 billion government loan. Full Article U.S. to call for more NATO troops for Afghanistan October 08, 2008 09:11 PM ET BUDAPEST (Reuters) - The United States will appeal to NATO allies on Thursday to send more troops to fight Taliban insurgents in Afghanistan, despite the prospect of spending cuts because of the global financial crisis. Full Article Court blocks Uighurs' release from Guantanamo October 08, 2008 08:48 PM ET WASHINGTON (Reuters) - A federal appeals court on Wednesday temporarily blocked the release of 17 Chinese Muslims held at the U.S. military prison at Guantanamo Bay in Cuba. Full Article G7 to hold outreach dinner with Russia Friday: U.S. October 08, 2008 05:23 PM ET WASHINGTON (Reuters) - A top U.S. Treasury official said on Wednesday that finance chiefs of the Group of Seven major industrial countries had invited Russia to dinner Friday, putting aside differences over its invasion of Georgia. Full Article Wall Street panic rolling over consumers worldwide October 08, 2008 06:09 PM ET CHICAGO (Reuters) - A London businessman may have to put off his wedding. A baker in Paris fears customers will disappear. A student in Slovenia sees an automobile loan fall out of reach. And a real estate agent in Chicago says she's just plain scared. Full Article Iran faces U.S. challenge in "pistachio war" October 08, 2008 08:49 PM ET KERMAN PROVINCE, Iran (Reuters) - For some Iranians, it's a galling thought: the United States may oust Iran as the world's largest producer of pistachio nuts this year because of one of the worst harvests ever in the Islamic Republic. Full Article Surge in younger voters seen favoring Obama October 08, 2008 04:03 PM ET CHICAGO (Reuters) - Young Americans could turn out in record numbers in the November presidential election and all signs are that Democrat Barack Obama stands to benefit. 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