U.S. Top News Late Edition: Obama urges action as Asian, European data gloomy

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Good evening Srini, TUE 11 Nov 2008  today's headlines Obama urges action as Asian, European data gloomy House speaker seeks auto bailout bill Fannie, Freddie to ease some mortgage payments Obama aides play down tensions with Bush Pickens sees government move on his energy plan soon North Korea says to close land border with South Palin says not interested in running for Senate GM shares hit 65-year low amid liquidity concerns Oil hovers near $59 as slowdown squeezes demand McCain defends Palin in post-election TV interview   today's videos Bush honors Veterans Day U.S. automakers appeal for help Little Ceasars helps disabled vets more details Obama urges action as Asian, European data gloomy November 11, 2008 07:36 PM ET NEW YORK (Reuters) - U.S. President-elect Barack Obama urged the Bush administration to back a second economic stimulus package and aid the ailing auto industry on Tuesday, after fresh reports of economic weakness in China, Japan and Britain reinforced fears of a prolonged recession. Full Article House speaker seeks auto bailout bill November 11, 2008 10:04 PM ET WASHINGTON (Reuters) - House of Representatives Speaker Nancy Pelosi sought legislation on Tuesday to bail out failing automakers, saying she was confident an emergency measure would be approved next week. Full Article Fannie, Freddie to ease some mortgage payments November 11, 2008 06:14 PM ET WASHINGTON (Reuters) - The regulator for the two largest U.S. mortgage finance companies on Tuesday unveiled a plan that could cut payments for hundreds of thousands of struggling homeowners to help reverse a wave of defaults threatening to swamp the economy. Full Article Obama aides play down tensions with Bush November 11, 2008 06:48 PM ET WASHINGTON (Reuters) - Aides to President-elect Barack Obama distanced themselves on Tuesday from reports that President George W. Bush had pressed Obama to back a free trade deal with Colombia in exchange for help for the struggling automobile industry. Full Article Pickens sees government move on his energy plan soon November 11, 2008 09:46 PM ET PHOENIX (Reuters) - Billionaire T. Boone Pickens expects to know within 100 days of Barack Obama taking over as president in January whether the U.S. government is going to adopt part of his ambitious and controversial energy plan. Full Article North Korea says to close land border with South November 11, 2008 10:32 PM ET SEOUL (Reuters) - North Korea said on Wednesday that it would close all land borders with the South from December 1, accusing its neighbor of taking confrontation "beyond the danger level." Full Article Palin says not interested in running for Senate November 11, 2008 06:20 PM ET NEW YORK (Reuters) - Former Republican vice-presidential candidate Sarah Palin says she is not interested in running for the U.S. Senate and prefers her current position as governor of Alaska. Full Article GM shares hit 65-year low amid liquidity concerns November 11, 2008 04:51 PM ET DETROIT (Reuters) - General Motors Corp shares plummeted to a 65-year low on Tuesday, extending recent steep declines on concerns the automaker might run desperately short of cash by early next year. Full Article Oil hovers near $59 as slowdown squeezes demand November 11, 2008 10:13 PM ET SINGAPORE (Reuters) - Oil inched lower on Wednesday, after falling 5 percent a day ago to close below $60 for the first time since March 2007, as weakening energy demand more than offset news of more supply reductions. Full Article McCain defends Palin in post-election TV interview November 11, 2008 09:53 PM ET BURBANK, California (Reuters) - Former U.S. presidential candidate John McCain on Tuesday shrugged off criticism leveled at his running mate, Sarah Palin, saying he expects her "to play a big role in the future of this country." 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