U.S. Top News Late Edition: Recession fear plunders Wall Street, Dow dives 678.91

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Good evening Srini, THU 09 Oct 2008  today's headlines Recession fear plunders Wall Street, Dow dives 678.91 Stocks plummet; U.S., Netherlands ready bank funds North Korea and U.S. near nuclear deal: reports McCain again raises Obama's ties with 1970s radical GM shares drop to 58-year low, global risks eyed Mullen sees Afghanistan worsening into next year Americans, Finn among late Nobel tips: report Prosecutors wrap up case against Sen. Stevens Pentagon sees reconciliation with Taliban, not Qaeda U.S. Army says it has disrupted Iraq weapons network   today's videos Cash injection for US banks? Vietnam echoes in Afghanistan Recession worries slam Wall St. more details Recession fear plunders Wall Street, Dow dives 678.91 October 09, 2008 09:58 PM ET NEW YORK (Reuters) - Stocks plummeted for a seventh straight session on Thursday as investors bet recent moves by authorities worldwide to thaw frozen credit markets would not be enough to avert a global recession. Full Article Stocks plummet; U.S., Netherlands ready bank funds October 09, 2008 08:35 PM ET NEW YORK/WASHINGTON (Reuters) - Fear-driven selling sent U.S. stocks plummeting to five-year lows on Thursday, the eve of a G7 meeting of economic powers to try to halt a global spiral of financial distress and slowing growth. Full Article North Korea and U.S. near nuclear deal: reports October 09, 2008 10:34 PM ET SEOUL (Reuters) - North Korea and the United States are near a deal on verifying Pyongyang's claims about its nuclear program which would prompt Washington to soon remove the state from its terrorism blacklist, South Korean media said on Friday. Full Article McCain again raises Obama's ties with 1970s radical October 09, 2008 10:23 PM ET WAUKESHA, Wisconsin (Reuters) - Trailing in opinion polls, Republican presidential nominee John McCain pressed his effort to raise doubts about Barack Obama's character on Thursday with a fresh attack on his Democratic rival's contacts with a former radical who became a college professor. Full Article GM shares drop to 58-year low, global risks eyed October 09, 2008 06:27 PM ET DETROIT (Reuters) - General Motors Corp shares plunged to their lowest level since 1950 on Thursday as concerns mounted that an industry decline that started in the United States was spreading and a leading forecaster warned global auto demand could "collapse" in 2009. Full Article Mullen sees Afghanistan worsening into next year October 09, 2008 08:04 PM ET WASHINGTON (Reuters) - Violence in Afghanistan will escalate in 2009 unless the United States and other countries move quickly to counter an intensifying Taliban insurgency with troops and assistance, the top U.S. military officer said on Thursday. Full Article Americans, Finn among late Nobel tips: report October 09, 2008 06:59 PM ET OSLO (Reuters) - Americans Sam Nunn and Richard Lugar and Finland's former president Martti Ahtisaari are among late tips to win the Nobel Peace Prize, though there is no clear favorite, Norwegian NRK television reported on Thursday. Full Article Prosecutors wrap up case against Sen. Stevens October 09, 2008 06:00 PM ET WASHINGTON (Reuters) - Prosecutors wrapped up their case in the corruption trial of Republican U.S. Sen. Ted Stevens on Thursday after calling a final witness who testified about his work in renovating the Alaska lawmaker's home. Full Article Pentagon sees reconciliation with Taliban, not Qaeda October 09, 2008 06:45 PM ET BUDAPEST (Reuters) - The United States would be prepared to reconcile with the Taliban if the Afghan government pursued talks to end the war, U.S. Defense Secretary Robert Gates said on Thursday. Full Article U.S. Army says it has disrupted Iraq weapons network October 09, 2008 02:56 PM ET WASHINGTON (Reuters) - U.S.-led forces in southeastern Iraq have disrupted an arms-smuggling network blamed for distributing deadly Iranian-made roadside bombs and rockets in Iraq, a U.S. military officer said on Thursday. 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