U.S. Top News Late Edition: Hopes rise for rate cuts; U.S. consumers gloomy

On your mobile? Click here to view this email in text. If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE

Good evening Srini, TUE 28 Oct 2008  today's headlines Hopes rise for rate cuts; U.S. consumers gloomy Wall Street scores 2nd-best day ever on rate-cut hopes McCain, Palin seek to dent Obama's armor Earthquake in SW Pakistan kills 27: officials Financial crisis heralds era of "new seriousness" Al Qaeda media man vows to wage "jihad by pen" WWF says reckless consumption threatens the planet Syria closes U.S. institutions after raid U.S. must update nuclear arsenal as rivals are: Gates Market bets on steep rate cut as Fed meeting begins   today's videos New doubts on voter registrations Congo refugees flee Tutsi rebels Syria closes US school more details Hopes rise for rate cuts; U.S. consumers gloomy October 28, 2008 10:13 PM ET NEW YORK (Reuters) - Hopes rose on Tuesday that the United States, Japan and Europe will cut interest rates to ease the pain of the financial crisis, and battered U.S. stocks surged 10 percent despite gloomy news on the economy. Full Article Wall Street scores 2nd-best day ever on rate-cut hopes October 28, 2008 08:35 PM ET NEW YORK (Reuters) - Wall Street marked its second-best day ever on Tuesday as investors, convinced that central banks worldwide will cut rates even more, scooped up stocks that had been driven down to their lowest prices in more than five years. Full Article McCain, Palin seek to dent Obama's armor October 28, 2008 06:53 PM ET FAYETTEVILLE, North Carolina (Reuters) - Republican presidential nominee John McCain said on Tuesday he sensed momentum behind him despite a daunting electoral picture in which Democrat Barack Obama holds a steady lead a week before Election Day. Full Article Earthquake in SW Pakistan kills 27: officials October 28, 2008 10:32 PM ET ISLAMABAD, Pakistan (Reuters) - Twenty-seven people were killed and about 40 injured when a strong earthquake struck southwest Pakistan on Wednesday, a district chief and hospital officials said. Full Article Financial crisis heralds era of "new seriousness" October 28, 2008 08:26 PM ET LONDON (Reuters) - Power tools roar as an army of workmen rushes to ensure Europe's largest city-center shopping mall opens on time, but marketing executives say the crisis in global financial markets has accelerated a trend among consumers to reject conspicuous consumption. Full Article Al Qaeda media man vows to wage "jihad by pen" October 28, 2008 07:27 PM ET GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - Al Qaeda's alleged former media director wrote letters from Guantanamo acknowledging he typed the wills of two September 11 hijackers and pledging to continue "jihad by word and pen," according to evidence in the Guantanamo war crimes tribunal on Tuesday. Full Article WWF says reckless consumption threatens the planet October 28, 2008 08:12 PM ET GENEVA (Reuters) - The Earth's natural resources are being depleted so quickly that "two planets" would be required to sustain current lifestyles within a generation, the conservation group WWF said on Wednesday. Full Article Syria closes U.S. institutions after raid October 28, 2008 06:22 PM ET DAMASCUS (Reuters) - Syria decided on Tuesday to close an American school and a cultural center in Damascus, in an apparent response to a U.S. military raid that the authorities said killed eight civilians. Full Article U.S. must update nuclear arsenal as rivals are: Gates October 28, 2008 04:08 PM ET WASHINGTON (Reuters) - U.S. Defense Secretary Robert Gates warned on Tuesday that America's aging nuclear weapons stockpile faces a bleak future of decline just as rival nations including Russia and China are modernizing their nuclear arsenals. Full Article Market bets on steep rate cut as Fed meeting begins October 28, 2008 08:37 PM ET WASHINGTON (Reuters) - The U.S. Federal Reserve began a two-day meeting on Tuesday that is widely expected to lead to a cut in interest rates of at least a half-percentage point to calm a global credit crisis threatening the economy. 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