U.S. Top News Late Edition: No relief seen in global crisis

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Good evening Srini, THU 20 Nov 2008  today's headlines No relief seen in global crisis S&P dives to lowest level since 1997 Citigroup eyes options including merger Attorney General Michael Mukasey collapses during speech: report Fannie Mae, Freddie Mac suspend some foreclosures Obama considers retired general for security adviser Fed's Bullard: U.S. deflation an issue Fed must face Jobs data miserable, regional factories slump U.S. judge orders five Algerians at Guantanamo freed Government warns of "catastrophic" U.S. quake   today's videos Paulson on defense Auto bailout still on hold APEC leaders look beyond trade more details No relief seen in global crisis November 20, 2008 10:36 PM ET WASHINGTON (Reuters) - Signs of distress in the global economy mounted on Friday, with shares in U.S. bank Citigroup Inc plunging on fears about its future, oil prices falling and the future of U.S. automakers hanging in the balance. Full Article S&P dives to lowest level since 1997 November 20, 2008 08:39 PM ET NEW YORK (Reuters) - Stocks plunged yet again on Thursday, as a frantic flight from risk prompted by investors' deepening economic fears drove the benchmark Standard & Poor's 500 index to its lowest level since 1997 -- completing the erasure of more than a decade of stock market gains. Full Article Citigroup eyes options including merger November 20, 2008 10:02 PM ET NEW YORK (Reuters) - Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor. Full Article Attorney General Michael Mukasey collapses during speech: report November 20, 2008 10:39 PM ET WASHINGTON (Reuters) - U.S. Attorney General Michael Mukasey collapsed while delivering a speech on national security at a hotel in Washington on Thursday, CNN reported. Full Article Fannie Mae, Freddie Mac suspend some foreclosures November 20, 2008 06:33 PM ET NEW YORK (Reuters) - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy. Full Article Obama considers retired general for security adviser November 20, 2008 10:33 PM ET CHICAGO (Reuters) - Retired Marine Gen. James Jones emerged as a leading contender for White House national security adviser as President-elect Barack Obama worked on Thursday to assemble his foreign policy team. Full Article Fed's Bullard: U.S. deflation an issue Fed must face November 20, 2008 09:12 PM ET EVANSVILLE, Indiana (Reuters) - Deflation would be very damaging to the United States economy and with nominal interest rates already very low, quantitative easing may be needed to keep it at bay, a top Federal Reserve official said on Thursday. Full Article Jobs data miserable, regional factories slump November 20, 2008 02:43 PM ET NEW YORK (Reuters) - The number of American workers on the unemployment rolls surged to the highest in a quarter century and a regional manufacturing gauge slumped as U.S. economic misery intensified. Full Article U.S. judge orders five Algerians at Guantanamo freed November 20, 2008 06:02 PM ET WASHINGTON (Reuters) - Five of six Algerians held nearly seven years at the U.S. military prison at Guantanamo Bay in Cuba must be released, a federal judge ruled on Thursday in a setback for the Bush administration. Full Article Government warns of "catastrophic" U.S. quake November 20, 2008 06:42 PM ET KANSAS CITY, Missouri (Reuters) - People in a vast seismic zone in the southern and midwestern United States would face catastrophic damage if a major earthquake struck there and should ensure that builders keep that risk in mind, a government report 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