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Dow closes with historic one-day point drop, down 770 points

Updated: 09/29/2008 - Stocks suffered dramatic losses as the House defeated the massive financial rescue package. Based on preliminary data, it was the single-largest point drop in history, but far from the largest on a percentage basis. While the final numbers were still shaking out, the Dow lost 770 points or 6.9 percent to 10,372. The S&P 500 dropped 104 points or more than 8 percent to 1,109. The Nasdaq composite was down about 200 points or 9 percent to 1,983.

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Candy recalled after found tainted In China

Posted: 09/29/2008 - American candy companies Mars and Hershey say their candy is safe to eat after Cadbury discovered the industrial chemical melamine in some of its Chinese-made chocolates.

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Treasury vows to protect financial markets

Posted: 09/29/2008 - A Treasury Department official says Treasury Secretary Henry Paulson will do all he can to protect the financial markets and the economy after the House rejected a proposed $700 billion rescue bill for the financial system.

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Stocks plummet in opening minutes

Posted: 09/29/2008 - Stock prices are down in early trading. The Dow Jones Industrial Average is down 250 points in today's early going.

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Ford to be sentenced on corruption charges

Posted: 09/29/2008 - Former Tennessee state Sen. John Ford is scheduled to be sentenced on federal charges of wire-fraud and failing to report more than $800,000 in payments from state contractors.

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UT losing is bad for local business

Updated: 09/29/2008 - UT Football fans weren’t the only group of East Tennesseans upset over the Volunteer’s loss to Auburn. Local businesses foresee a subpar football season as a major loss in revenue.

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Seven arrested in prostitution sting

Posted: 09/28/2008 - Police arrested seven people during in a prostitution sting that ran from late Saturday night until early Sunday morning.

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Utah mom faces kidnapping charge for taking baby

Posted: 09/27/2008 - Utah mother is in a Tennessee jail charged with kidnapping after taking her infant daughter on a cross-country bus trip to the baby's grandmother's house in violation of a custody order.

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