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Top World News

McCain, Obama get tough, personal in final debate (AP)

Democratic presidential candidate Sen. Barack Obama, D-Ill., left, and Republican presidential nominee Sen. John McCain, R-Ariz., speak their presidential debate at Hofstra University in Hempstead, New York, October 15, 2008.  (AP Photo/Gary Hershorn, Pool)AP - John McCain assailed Barack Obama's character and campaign positions on taxes, abortion and more Wednesday night, hoping to transform their final presidential debate into a launching pad for a political comeback. "You didn't tell the American people the truth," he charged.


Dow plunges 733 on new disheartening economic data (AP)

The Dow Jones Industrial Average is seen on a board at the New York Stock Exchange at the end of the trading day, October 15, 2008. (Brendan McDermid/Reuters)AP - The economy lurched deeper into the doldrums Wednesday and took the stock market down with it, sending the Dow Jones industrials to a staggering 733-point loss and erasing any hopes that the convulsions that have shaken Wall Street for a month were over.


 

Business News

Markets tumble as recession fears trump bailout (Reuters)

The Dow Jones Industrial Average is seen on a board at the New York Stock Exchange at the end of the trading day, October 15, 2008. (Brendan McDermid/Reuters)Reuters - Gloomy economic data and warnings from the U.S. Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent markets into free-fall on Wednesday.


Bernanke says credit crisis menacing U.S. economy (Reuters)

Federal Reserve Chairman Ben Bernanke addresses the Economic Club of New York regarding financial markets in New York, October 15, 2008. (Lucas Jackson/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke on Wednesday gave a dour assessment of the U.S. economy, citing a "significant threat" from shuttered credit markets in remarks that indicated he was open to cutting interest rates further.