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NC Coast Guard ship provides hurricane relief

Posted: 09/15/2008 - The North Carolina-based U.S. Coast Guard Cutter Diligence coordinated relief efforts in Haiti and the Bahamas after Hurricanes Hanna and Ike caused massive damage, destroyed homes, and left thousands with little food and water.

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Oil closes below $100 for first time in 6 months

Updated: 09/15/2008 - Oil prices have closed below $100 a barrel for the first time in six months, tumbling more than $5 after the demise of Lehman Brothers Holdings Inc. and the sale of Merrill Lynch & Co. fed worries about the U.S. economy and sparked another dramatic sell-off.

Also on Wall Street, Dow Jones industrials are down 400 as the market reacts to Lehman's demise, and the purchase of Merrill Lynch.

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Duke's business school to announce expansion plan

Posted: 09/15/2008 - Duke University's business school will announce an expansion plan that will establish a network of campuses around the world to conduct research and deliver programs.

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Recovery snags in Houston

Posted: 09/15/2008 - Houston's recovery from Ike is slow going, and tempers are starting to fray among the estimated thousands of people packed into shelters.

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Exxon Mobil donates $5 million to hurricane relief

Posted: 09/15/2008 - Exxon Mobil Corp. is donating $5 million to Hurricane Ike relief efforts in communities along the Gulf Coast, where it has facilities including a giant refinery in Baytown.

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Justice Department hails crime statistics

Posted: 09/15/2008 - The Justice Department credits a crackdown on gangs, drug dealers and gun crimes as a reason for a drop in violent crime last year.

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Bush: Ike put 'pinch' on consumers

Posted: 09/15/2008 - President Bush is warning that consumers already struggling with the high price of gasoline will face a "pinch" because of Hurricane Ike's disruption of energy production.

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National City CEO says bank well capitalized

Posted: 09/15/2008 - The chief executive of National City has assured shareholders that the Cleveland-based banking company is not likely to be affected by the latest industry turmoil.

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Bush says economy strong enough to handle turmoil

Posted: 09/15/2008 - While expressing sympathy for those caught in the Lehman Brothers-Merrill Lynch fallout, President Bush says federal policymakers will focus on "the health of the financial system as a whole."

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NYC hospital settles Medicaid fraud case

Posted: 09/15/2008 - Staten Island University Hospital has agreed to return $24.8 million to Medicaid to resolve allegations that it defrauded the state and federal governments.

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Wendy's, Triarc approve takeover deal

Posted: 09/15/2008 - Shareholders of Wendy's and Triarc have approved a $2.34 billion deal to make the nation's No. 3 hamburger chain a part of billionaire investor Nelson Peltz's empire.

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