U.S. Top News Late Edition: Obama to meet with economic team

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Good evening Srini, THU 06 Nov 2008  today's headlines Obama to meet with economic team Emanuel to become Obama chief of staff U.S. auto CEOs seek $50 bln in federal aid: sources Top House Republican Blunt leaving leadership Convicted Stevens holds slim lead in Senate race Europe cuts rates as Obama to address global crisis Senior Iraqi backs Obama withdrawal plan Ex-NY Gov. Spitzer will not face sex ring charges Steep food price increases on way: experts New Yorkers on welfare may rise 3 pct: study   today's videos Beating Somalia's pirates Obama's road to Kabul Obama makes key appointment more details Obama to meet with economic team November 06, 2008 09:48 PM ET CHICAGO (Reuters) - Barack Obama will meet his economic team on Friday and hold his first news conference since becoming U.S. president-elect as the country awaited signs of how he might tackle the economic crisis. Full Article Emanuel to become Obama chief of staff November 06, 2008 05:08 PM ET CHICAGO (Reuters) - U.S. President-elect Barack Obama choose Rahm Emanuel as his chief of staff on Thursday, spurring Republicans to question why his first key appointment was a Washington insider and fiercely partisan Democrat. Full Article U.S. auto CEOs seek $50 bln in federal aid: sources November 06, 2008 10:18 PM ET WASHINGTON (Reuters) - Chief executives of distressed U.S. auto companies sought a $50 billion federal bailout on Thursday to survive a financial crisis blamed on a worsening economy and the "near collapse" in demand for cars. Full Article Top House Republican Blunt leaving leadership November 06, 2008 01:05 PM ET WASHINGTON (Reuters) - The number two Republican in the U.S. House of Representatives, will announce on Thursday he will not run to keep his leadership position after his party's election losses, Republican sources said. Full Article Convicted Stevens holds slim lead in Senate race November 06, 2008 10:37 PM ET WASHINGTON (Reuters) - The fate of a convicted felon will help determine the size of the Democrats' expanded power in the U.S. Senate, and may provide a new job opportunity for failed vice presidential nominee Sarah Palin. Full Article Europe cuts rates as Obama to address global crisis November 06, 2008 09:51 PM ET NEW YORK (Reuters) - Britain and Europe slashed interest rates on Thursday amid recession fears deepened by some of the worst U.S. retail sales in decades and an IMF forecast for an economic contraction not seen since World War Two. Full Article Senior Iraqi backs Obama withdrawal plan November 06, 2008 09:46 PM ET BAGHDAD (Reuters) - A senior Iraqi official on Thursday explicitly backed U.S. President-elect Barack Obama's plans to withdraw combat troops from the country by mid-2010, Baghdad's clearest endorsement yet of Obama's exit strategy. Full Article Ex-NY Gov. Spitzer will not face sex ring charges November 06, 2008 04:24 PM ET NEW YORK (Reuters) - Former New York Governor and aggressive white collar crime prosecutor Eliot Spitzer will not face criminal charges for his involvement in a prostitution ring that led to his resignation, U.S. prosecutors said on Thursday. Full Article Steep food price increases on way: experts November 06, 2008 04:50 PM ET WASHINGTON (Reuters) - U.S. food prices will rise by at least 7 percent in 2009 because of higher feed costs for chickens, hogs and cattle, said a group of food-industry economists on Thursday. Full Article New Yorkers on welfare may rise 3 pct: study November 06, 2008 06:24 PM ET NEW YORK (Reuters) - The ranks of New Yorkers who need welfare as the economy follows Wall Street downhill will likely rise next year, along with the number of people who turn to Medicaid for health care, a 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