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49 platforms destroyed by Ike

Posted: 09/18/2008 - The Interior Department says at least 49 offshore oil or natural gas production platforms in the Gulf of Mexico were destroyed by Hurricane Ike, and some may not be rebuilt.

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US to help solve Nagorno-Karabakh conflict

Posted: 09/18/2008 - The United States will work harder to help settle a 20-year territorial conflict between the ex-Soviet republics of Azerbaijan and Armenia, a U.S. diplomat said Thursday.

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Banks, Wall Street firms borrow more from Fed

Posted: 09/18/2008 - Banks and Wall Street firms ramped up borrowing from the Federal Reserve's emergency lending facility over the past week, a fresh sign of the credit stresses plaguing the country.

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NJ Assembly speaker pushes economic summit idea

Posted: 09/18/2008 - New Jersey Assembly Speaker Joseph Roberts Jr. is pushing for lawmakers to hold an emergency economic summit to weigh what can be done to help Garden State residents affected by the crisis on Wall Street.

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Eastern NC town is lengthening airport runway

Posted: 09/18/2008 - Paving has started to lengthen the runway at the town of Plymouth's airport so it can accommodate executive jets as the eastern North Carolina town tries to attract business.

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Wall Street rallies, Dow ends up more than 400 points

Updated: 09/18/2008 - It was a dramatic late-session recovery for stocks after a report that the federal government is considering creation of a new entity to take over banks' bad debt. The idea, said to be considered by Treasury Secretary Henry Paulson, is being likened to the Resolution Trust Corporation used in response to the S&L failures in the 1980s.

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FTC warns of bogus cancer cures

Posted: 09/18/2008 - The Federal Trade Commission has charged five companies with making false and misleading claims for cancer cures. The FTC said Thursday that it has also reached settlements with six others.

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New York Sen. Schumer to offer banks a deal

Posted: 09/18/2008 - Sen. Charles Schumer plans to offer a broad economic proposal for the government to offer a financial lifeline to those banks that are willing to renegotiate mortgages for those on the brink of losing their homes.

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Simpson lawyer suggests police were out to get him

Posted: 09/18/2008 - O.J. Simpson's lawyer is trying to show jurors that police were out to "get" Simpson, right from the start of their investigation into an incident at a Las Vegas hotel.

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New York AG launches probe of short-selling

Posted: 09/18/2008 - New York's attorney general says he's launching an investigation into whether some traders used illegal tactics to drive down the stock price of several Wall Street firms.

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House approves anti-speculation measures

Posted: 09/18/2008 - The House has approved measures to curb speculation in oil and other commodity markets, ignoring a White House veto threat. Lawmakers said federal regulators now don't currently have the necessary tools or manpower to track trading abuses.

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