AP - The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.

AP - Ike ripped off roofs, swept away boats and collapsed a bridge on the last road into 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.

Reuters - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac , in what could be the biggest federal bailout in U.S. history in a bid to support the U.S. housing market and ward off more global financial market turbulence.

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.