U.S. Top News Late Edition: Obama makes historic White House visit

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Good evening Srini, MON 10 Nov 2008 

today's headlines

Obama makes historic White House visit
AIG gets $150 billion government bailout; posts huge loss
Circuit City files for bankruptcy protection
Obama team: No decisions on reversing Bush orders
DHL to cut 9,500 jobs in U.S.
Recession fears eclipse AIG rescue, China stimulus
Iraq cabinet draws conclusions on U.S. troop draft
NY Gov. seen facing lots of obstacles to budget cuts
Carmakers' best chance for aid is with Congress
NASA loses contact with Mars lander, ends mission
 

today's videos

more details

Obama makes historic White House visit
November 10, 2008 10:16 PM ET

WASHINGTON (Reuters) - U.S. President-elect Barack Obama visited the White House on Monday for his first post-election meeting with President George W. Bush, a strikingly symbolic moment in the transition of power.



Full Article
AIG gets $150 billion government bailout; posts huge loss
November 10, 2008 08:57 PM ET

WASHINGTON/NEW YORK (Reuters) - The government restructured its bailout of American International Group Inc, raising the package to a record $150 billion with easier terms, after a smaller rescue plan failed to stabilize the ailing insurance giant.



Full Article
Circuit City files for bankruptcy protection
November 10, 2008 10:20 PM ET

ATLANTA (Reuters) - Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy on Monday just weeks before the start of the holiday shopping season, becoming the largest retailer to file for Chapter 11 since Kmart in 2002.



Full Article
Obama team: No decisions on reversing Bush orders
November 10, 2008 09:51 PM ET

CHICAGO (Reuters) - U.S. President-elect Barack Obama's team cautioned on Monday he had not yet decided whether to reverse executive orders on topics such as stem cell research and oil drilling imposed by President George W. Bush.



Full Article
DHL to cut 9,500 jobs in U.S.
November 10, 2008 03:28 PM ET

CHICAGO/BONN (Reuters) - Deutsche Post AG will slash 9,500 jobs and halt U.S. domestic services at its DHL Express unit after failing for five years to gain share in a market dominated by United Parcel Service Inc and FedEx Corp.



Full Article
Recession fears eclipse AIG rescue, China stimulus
November 10, 2008 09:49 PM ET

NEW YORK (Reuters) - The United States pledged more support for struggling insurer AIG on Monday as international action to halt the financial crisis failed to dent investor sentiment that the economy was in for a long and deep recession.



Full Article
Iraq cabinet draws conclusions on U.S. troop draft
November 10, 2008 04:25 PM ET

BAGHDAD (Reuters) - Iraq's cabinet has drawn its conclusions on a final U.S. draft of a security pact that would require American troops to leave by the end of 2011, Prime Minister Nuri al-Maliki's media adviser said on Monday.



Full Article
NY Gov. seen facing lots of obstacles to budget cuts
November 10, 2008 05:30 PM ET

NEW YORK (Reuters) - New York Gov. David Paterson's plan to wring $2 billion of cuts out of the Legislature could be derailed by several obstacles and may even have to be put off until new senators are sworn in next year, according to state officials.



Full Article
Carmakers' best chance for aid is with Congress
November 10, 2008 06:38 PM ET

WASHINGTON (Reuters) - The U.S. auto industry's best chance for $25 billion in immediate government help to survive a steep financial slide rests with Congress, which may have a brief window to act next week.



Full Article
NASA loses contact with Mars lander, ends mission
November 10, 2008 07:58 PM ET

LOS ANGELES (Reuters) - The Phoenix Mars Lander, which made history by finding definitive proof of water on the Red Planet, has lost contact with Earth, effectively ending its more than five-month mission, NASA said on Monday.



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