U.S. Top News Late Edition: Yahoo's Yang to step down

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Good evening Srini, MON 17 Nov 2008  today's headlines Yahoo's Yang to step down Obama, McCain pledge to work together on reform Forecasters: U.S. in 14 month recession Paulson, Bernanke brief lawmakers on bailout Congress takes first step on automaker bailout Californians return to homes destroyed by fire Gulf War illness is real, report finds California court urged to review gay marriage ban SEC charges Mark Cuban with insider trading Finance crisis seen affecting terrorism crackdown   today's videos Obama, McCain pledge unity Congress weighs auto bailout Kennedy returns to work more details Yahoo's Yang to step down November 17, 2008 10:38 PM ET SAN FRANCISCO/NEW YORK (Reuters) - Yahoo Inc said Jerry Yang will step down as chief executive as soon as the board finds a replacement, sending shares up 4 percent on hopes the departure would clear the way for a deal with Microsoft. Full Article Obama, McCain pledge to work together on reform November 17, 2008 09:30 PM ET CHICAGO (Reuters) - President-elect Barack Obama and vanquished rival John McCain met for the first time since the November 4 election on Monday, pledging to work together to face the financial crisis and reduce government waste. Full Article Forecasters: U.S. in 14 month recession November 17, 2008 01:39 PM ET NEW YORK (Reuters) - The U.S. economy fell into a recession last spring and will contract sharply this quarter as more than 200,000 workers per month are added to the rolls of the unemployed, a survey said on Monday. Full Article Paulson, Bernanke brief lawmakers on bailout November 17, 2008 09:44 PM ET WASHINGTON (Reuters) - Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke came to Capitol Hill on Monday to field questions from leading Democrats on how the $700 billion financial bailout bill is working. Full Article Congress takes first step on automaker bailout November 17, 2008 10:25 PM ET WASHINGTON (Reuters) - Senate Democrats took the first step toward bailing out the nation's crippled auto industry on Monday by proposing a $25 billion loan program, a plan that faces stiff political headwinds with millions of jobs potentially riding on the outcome. Full Article Californians return to homes destroyed by fire November 17, 2008 09:27 PM ET LOS ANGELES (Reuters) - Stunned, bedraggled evacuees began returning home on Monday to three areas of southern California ravaged by wildfires, some finding their homes and cars reduced to piles of smoldering, melted rubble. Full Article Gulf War illness is real, report finds November 17, 2008 05:35 PM ET WASHINGTON (Reuters) - A report released on Monday concluded that Gulf War syndrome is a legitimate illness suffered by more than 175,000 U.S. war veterans who were exposed to chemical toxins in the 1991 Gulf War. Full Article California court urged to review gay marriage ban November 17, 2008 09:28 PM ET SAN FRANCISCO (Reuters) - California's Attorney General on Monday urged the state Supreme Court to consider whether a gay marriage ban passed by voters this month was legal. Full Article SEC charges Mark Cuban with insider trading November 17, 2008 07:08 PM ET WASHINGTON/NEW YORK (Reuters) - Mark Cuban, owner of the Dallas Mavericks basketball team, was charged with insider trading in the shares of search engine company Mamma.com, the Securities and Exchange Commission said Monday. Full Article Finance crisis seen affecting terrorism crackdown November 17, 2008 06:32 PM ET WASHINGTON (Reuters) - The global financial crisis may make it easier to restrict the money supply for terrorism, but there are also risks banks could skimp on monitoring suspicious cash flows, U.S. experts said on Monday. 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