U.S. Top News Late Edition: U.S. backs away from plan to buy bad assets

On your mobile? Click here to view this email in text. If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE

Good evening Srini, WED 12 Nov 2008  today's headlines U.S. backs away from plan to buy bad assets Lawmakers to grill U.S. automakers on bailout request Intel's shock warning sounds alarm for tech sector Healthcare reform gets backing in Congress Japan readies funding for IMF as gloom deepens Gay weddings begin in Connecticut as debate rages Obama asks bipartisan duo to meet officials at G20 White House says G20 meeting "timely", British agree Cloistered for weeks, Palin is now everywhere Former Guantanamo prisoners still struggling   today's videos Obama relying on Clintonites Treasury scraps assets plan Sudan leader's Darfur ceasefire more details U.S. backs away from plan to buy bad assets November 12, 2008 10:36 PM ET WASHINGTON (Reuters) - The Bush administration on Wednesday largely abandoned its plan to buy up toxic mortgage assets and said it will focus its $700 billion financial bailout fund on making direct investments in financial institutions and shoring up consumer credit markets. Full Article Lawmakers to grill U.S. automakers on bailout request November 12, 2008 07:26 PM ET WASHINGTON (Reuters) - Lawmakers plan to question chief executives of stricken U.S. automakers on their pleas for an industry bailout, while the Bush administration responded coolly on Wednesday to an aid plan being shaped by Democrats. Full Article Intel's shock warning sounds alarm for tech sector November 12, 2008 08:18 PM ET NEW YORK (Reuters) - Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond. Full Article Healthcare reform gets backing in Congress November 12, 2008 07:20 PM ET WASHINGTON (Reuters) - Efforts to reform the U.S. healthcare system got a big boost on Wednesday as a powerful Democratic senator unveiled a plan similar to President-elect Barack Obama's and an analysis said the financial crisis could accelerate any efforts, not hinder them. Full Article Japan readies funding for IMF as gloom deepens November 12, 2008 10:34 PM ET HONG KONG (Reuters) - Japan stood ready to offer more than $100 billion to emerging economies as governments scrambled to come to grips with a fast-moving financial crisis that threatened to tip the world into a deep and long recession. Full Article Gay weddings begin in Connecticut as debate rages November 12, 2008 04:34 PM ET NEW HAVEN, Connecticut (Reuters) - Gay and lesbian couples exchanged vows in Connecticut on Wednesday to cheers from smiling friends and proud relatives as the state became the nation's second to allow same-sex marriage. Full Article Obama asks bipartisan duo to meet officials at G20 November 12, 2008 05:01 PM ET CHICAGO (Reuters) - President-elect Barack Obama on Wednesday named a bipartisan duo of Washington veterans to meet foreign delegations at this weekend's global financial summit, opening communication between the next U.S. administration and its global counterparts. Full Article White House says G20 meeting "timely", British agree November 12, 2008 06:20 PM ET WASHINGTON (Reuters) - The Bush administration said on Wednesday a weekend meeting of Group of 20 leaders should be able to identify some specific measures for calming anxious financial markets and said it was timely for them to meet now. Full Article Cloistered for weeks, Palin is now everywhere November 12, 2008 08:20 PM ET CHICAGO (Reuters) - Suddenly, Sarah Palin is everywhere. Full Article Former Guantanamo prisoners still struggling November 12, 2008 05:57 PM ET MIAMI (Reuters) - Former Guantanamo prisoners released after years of detention without charge went home to find themselves stigmatized and shunned, viewed either as terrorists or U.S. spies, according to a report released on Wednesday. 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