U.S. Top News Late Edition: Paulson says U.S. planning to buy financial equity

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Good evening Srini, FRI 10 Oct 2008 

today's headlines

Paulson says U.S. planning to buy financial equity
G7 pledges urgent, decisive action as markets reel
Alaska ethics probe finds Palin abused her power
North Korea steps up bid to show "recovered" Kim
Powell says Sen. Stevens' integrity "sterling"
Obama and McCain exchange blows over economy
Bush vows not to lift embargo on "dungeon" Cuba
Connecticut court allows gay marriage
U.S., India sign civil nuclear cooperation agreement
G7 vows to fight credit crunch but details sketchy
 

today's videos

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Paulson says U.S. planning to buy financial equity
October 10, 2008 09:51 PM ET
WASHINGTON (Reuters) - The United States is developing plans to buy equity stakes in financial institutions, providing another weapon in its war against financial market turmoil, U.S. Treasury Secretary Henry Paulson said on Friday.

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G7 pledges urgent, decisive action as markets reel
October 10, 2008 09:11 PM ET
WASHINGTON/NEW YORK (Reuters) - Finance chiefs of the world's rich nations pledged on Friday to prevent big banks from collapse and to work together to stem the financial crisis after another day of gut-wrenching drops on world markets.

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Alaska ethics probe finds Palin abused her power
October 10, 2008 09:53 PM ET
ANCHORAGE, Alaska (Reuters) - An Alaska ethics inquiry found that Gov. Sarah Palin, the U.S. Republican vice presidential candidate, abused the power of her office by dismissing the state's public safety commissioner, a report released on Friday said.

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North Korea steps up bid to show "recovered" Kim
October 10, 2008 09:56 PM ET
SEOUL (Reuters) - North Korea's state TV broadcast pictures of Kim Jong-il Saturday as the reclusive country stepped up its campaign to show its leader was healthy after reports surfaced last month he may have suffered a stroke.

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Powell says Sen. Stevens' integrity "sterling"
October 10, 2008 05:38 PM ET
WASHINGTON (Reuters) - Former U.S. Secretary of State Colin Powell said Sen. Ted Stevens had a "sterling" reputation for integrity as he vouched for the Alaska Republican at the lawmaker's corruption trial on Friday.

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Obama and McCain exchange blows over economy
October 10, 2008 06:04 PM ET
CHILLICOTHE, Ohio (Reuters) - On a day of fresh economic turmoil, Democratic presidential nominee Barack Obama accused Republican John McCain on Friday of trying to divide Americans and McCain said Obama was dodging legitimate issues.

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Bush vows not to lift embargo on "dungeon" Cuba
October 10, 2008 07:22 PM ET
CORAL GABLES, Florida (Reuters) - U.S. President George W. Bush on Friday called Cuba a "dungeon" and vowed Washington would not lift its economic embargo until Havana released political prisoners and allowed free expression.

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Connecticut court allows gay marriage
October 10, 2008 09:55 PM ET
HARTFORD, Connecticut (Reuters) - Connecticut's highest court on Friday unexpectedly struck down a ban on gay and lesbian marriage, making the New England state the third in the nation to allow full-fledged marriage for same-sex couples.

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U.S., India sign civil nuclear cooperation agreement
October 10, 2008 07:56 PM ET
WASHINGTON (Reuters) - The United States and India signed a potentially lucrative agreement on Friday that would allow India to buy U.S. civil nuclear technology for the first time in three decades.

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G7 vows to fight credit crunch but details sketchy
October 10, 2008 10:29 PM ET
WASHINGTON (Reuters) - The world's rich nations vowed on Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money but they offered no collective course of action to avert a deep global recession.

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