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Top World News

Ike blasts Turks and Caicos, floods Haiti again (AP)

Residents wade through a flooded street after heavy rains in Gonaives, Haiti, Sunday, Sept. 7, 2008. Hurricane Ike damaged most of the homes on Grand Turk island as it roared onto the Bahamas, raked Haiti's flooded cities with rain and threatened the Florida Keys on its way to Cuba as a ferocious Category 4 storm Sunday.(AP Photo/Ariana Cubillos)AP - Ike ripped off roofs, sank boats and blocked the road for aid to reach a flooded Haitian city on Sunday as it roared over the southern Bahamas as a ferocious Category 4 hurricane. The Florida Keys evacuated and Cuba prepared for a direct hit.


Powerful Hurricane Ike looms as trouble for Gulf (AP)

This image provided by NOAA taken at 11:45 p.m. EDT Saturday Sept. 6, 2008 shows Hurricane Ike over the Turks and Caicos. At 200 a.m. EDT the large eye of hurricane ike was located over the Turks iand Caicos Islands and about 115 miles east of Great Inagua Island in the southeastern Bahamas. Ike is moving on a motion just south of due west near 15 mph. A west to west-southwest motion is expected to continue today with a turn toward the west-northwest expected on Monday. On this track the core of the hurricane will move over or near the southeastern Bahamas this morning and move near or over eastern Cuba tonight and early Monday. Maximum sustained winds remain near 135 mph with higher gusts. Ike is an extremely dangerous Category Four Hurricane according to forecasters. Some strengthening is possible before Ike moves over eastern Cuba. (AP Photo/NOAA)AP - Powerful Hurricane Ike rolled down an uncertain path Sunday that may lead to the U.S. Gulf Coast late this week, forcing emergency officials to pay attention and leaving millions of people from Florida to Mexico to wonder where it will eventually strike.


 

Business News

Government takes control of embattled Fannie, Freddie (Reuters)

Secretary of the Treasury Henry Paulson testifies before the U.S. Senate Banking Committee on Capitol Hill in Washington, July 15, 2008. (Larry Downing/Reuters)Reuters - The U.S. government announced on Sunday that it was taking control of troubled mortgage finance giants Fannie Mae and Freddie Mac , effectively wiping out shareholders' interest in the publicly traded companies.


Boeing machinists walk off the job as talks fail (Reuters)

Boeing machinist Rebekah LovellFord pickets in front of the company's Renton, Washington plant September 6, 2008. (Robert Sorbo/Reuters)Reuters - Boeing Co's 27,000-strong machinists' union walked off the job on Saturday after the plane maker failed to improve its contract offer following two days of emergency talks.