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Pentagon: China cancels some military contacts

Posted: 10/06/2008 - The Associated Press has learned that China is canceling some military contacts as a result of America's recent announcement of a planned arms sale to Taiwan.

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Man sentenced in LA in lawsuit kickback scheme

Posted: 10/06/2008 - A man accused of accepting $2.5 million to act as a paid plaintiff in a major lawsuit kickback scheme has been sentenced in Los Angeles to three months in prison.

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Wall Street tumbles amid global sell-off

Updated: 10/06/2008 - It has been another extraordinary and traumatic day on Wall Street, with the Dow Jones industrials plunging as much as 800 points before closing with a loss of about 350.

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Paulson picks interim head for rescue effort

Posted: 10/06/2008 - The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion rescue effort for financial institutions.

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Court denies appeal of judge's sentencing goof

Posted: 10/06/2008 - The U.S. Supreme Court has rejected an appeal from an Alabama man who was sentenced to five years in prison when a judge wrongly thought the law required him to serve time.

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Former NC sheriff sentenced to 16 months

Posted: 10/06/2008 - The former sheriff of Brunswick County must serve 16 months in prison and participate in a substance abuse program as his sentence on obstruction of justice charges.

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NRC delays decision on waste import application

Posted: 10/06/2008 - The Nuclear Regulatory Commission is delaying a decision on whether to allow EnergySolutions Inc. to import the largest-ever amount of nuclear waste into the U.S.

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FDIC chair: Higher insurance to boost confidence

Posted: 10/06/2008 - The head of the FDIC says the new increase in federal deposit insurance limits will not solve all banking industry ills but will bolster public confidence in banks' safety.

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Citigroup sues Wachovia, Wells Fargo for $60B

Posted: 10/06/2008 - Citigroup has filed a complaint in New York Supreme Court against Wachovia, Wells Fargo and the directors of both companies seeking more than $60 billion in damages for interfering with the bank's planned takeover of Wachovia's banking operations.

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Driver arrested after crash that killed eight

Updated: 10/06/2008 - The California Highway Patrol says it believes the driver of a casino-bound charter bus that crashed and killed eight people was driving under the influence and arrested him.

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