U.S. Top News Late Edition: Hillary Clinton emerges as State dept candidate

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Good evening Srini, THU 13 Nov 2008 

today's headlines

Hillary Clinton emerges as State dept candidate
Bargain hunters lift Dow 553 points, S&P up 7 percent
Lawmakers challenge big banks on bailout funds
World leaders to gather on crisis, no quick fix seen
Korea ties may be heading to disaster: ex-president
Qaeda stung by U.S. pressure in Pakistan: CIA chief
Jobless claims hit 25-year high, imports plunge
Fed officials see economic gloom, policy bind
Chrysler urges bailout, Washington split
Germany, China, U.S. feel pain of global downturn
 

today's videos

more details

Hillary Clinton emerges as State dept candidate
November 13, 2008 09:57 PM ET

CHICAGO (Reuters) - Sen. Hillary Clinton emerged on Thursday as a candidate to be U.S. secretary of state for Barack Obama, months after he defeated her in an intense contest for the Democratic presidential nomination.

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Bargain hunters lift Dow 553 points, S&P up 7 percent
November 13, 2008 09:04 PM ET

NEW YORK (Reuters) - Stocks surged on Thursday and broke a three-day losing streak after the S&P 500 and Nasdaq touched new five-year lows earlier in the session, prompting investors to put aside worries about the flagging economy and scoop up wilted shares at fire-sale prices.

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Lawmakers challenge big banks on bailout funds
November 13, 2008 02:10 PM ET

WASHINGTON (Reuters) - Senators asked the nation's biggest banks on Thursday to explain how they are using the billions of taxpayer dollars provided to them under a massive government bailout program. The answers were mixed.



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World leaders to gather on crisis, no quick fix seen
November 13, 2008 09:06 PM ET

WASHINGTON (Reuters) - A bid by global leaders to push forward plans this weekend to erect a firewall against future financial crises like the one now threatening the world economy will quickly run into tough political realities that will limit progress.

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Korea ties may be heading to disaster: ex-president
November 13, 2008 10:32 PM ET

SEOUL (Reuters) - Former South Korean President Kim Dae-jung, architect of a policy a decade ago to bring the two Koreas together, has warned relations may be heading toward catastrophe as the prickly North draws deeper into its shell.

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Qaeda stung by U.S. pressure in Pakistan: CIA chief
November 13, 2008 08:20 PM ET

WASHINGTON (Reuters) - U.S. pressure on al Qaeda near Pakistan's border with Afghanistan has put the group "off balance," but the region remains the biggest terrorism threat to the United States, the CIA's chief said on Thursday.

Full Article
Jobless claims hit 25-year high, imports plunge
November 13, 2008 05:32 PM ET

WASHINGTON (Reuters) - The number of U.S. workers drawing jobless benefits hit a 25-year high this month and imports suffered a record fall in September, according to reports on Thursday that underscored a rapid drop-off in the U.S. economy.

Full Article
Fed officials see economic gloom, policy bind
November 13, 2008 05:02 PM ET

WINONA, Minnesota (Reuters) - Two top Federal Reserve policy-makers painted a gloomy picture on the U.S. economy on Thursday, on a day when initial claims for unemployment assistance topped half a million people.



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Chrysler urges bailout, Washington split
November 13, 2008 08:16 PM ET

DETROIT (Reuters) - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid, while Chrysler said it would be "very difficult to survive" without government support.

Full Article
Germany, China, U.S. feel pain of global downturn
November 13, 2008 04:32 PM ET

NEW YORK (Reuters) - Three of the world's largest economies painted bleak pictures of current conditions on Thursday as the United States, China and Germany all provided fresh evidence of the global economic slide.



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