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Ike hits Cuba as dangerous Category 3 hurricane (AP)

This Sepetmebr 7, 2008 NASA GOES satellite image shows Hurricane Ike seen at 1610 GMT. Barely a week after Hurricane Gustav devastated western Cuba, the island was battening down the hatches again Sunday for another killer storm, with more than half a million people evacuating Cuba's northeast coast, officials said.(AFP/HO NASA/Ho)AP - Hurricane Ike's winds and massive storm surge ripped apart houses and toppled trees Monday as the deadly storm roared across Cuba toward Havana and its historic but decaying old buildings.


Several explosions in Pakistan's northwest kill 6 (AP)

Pakistani youngsters and employees of a private school, damaged in the Saturday's suicide bombing, collect useful stuff from the rubble of buildings in the outskirts of Peshawar, Pakistan on Sunday, Sept. 7, 2008. The death toll in a massive suicide blast in Pakistan's militant-plagued northwest reached 35, officials said Sunday, as the country prepared for the widower of assassinated ex-Prime Minister Benazir Bhutto to take over as president. (AP Photo/Muhammad Sajjad)AP - Several explosions, reportedly caused by missile strikes from unmanned U.S. drone aircraft, hit a house and seminary linked to a key Taliban commander in northwestern Pakistan, officials said.


 

Business News

China and Japan hail U.S. mortgage bailout as doubts linger (Reuters)

Secretary of the Treasury Henry Paulson (L) and Jim Lockhart, Director of the the new independent regulator, the Federal Finanace Agency (FHFA), announce that the government is taking control of mortgage finance companies Fannie Mae and Freddie Mac during a news conference at the Office of Management Supervision in Washington, DC, September 7, 2008. (Joshua Roberts/Reuters)Reuters - China and Japan, the biggest buyers of Freddie Mac and Fannie Mae bonds, praised Washington for its rescue of the ailing mortgage giants, but investors harbored no illusions the bailout would end the global credit market misery.


Altria to buy UST for $10.3 billion: WSJ (Reuters)

A cigarette lies in ashtray in front of a pub in Bensheim early July 30, 2008. (Alex Grimm/Reuters)Reuters - Cigarette maker Altria Group Inc has agreed to buy Skoal and Copenhagen smokeless tobacco maker UST Inc for about $10.3 billion in cash, the Wall Street Journal said, citing people familiar with the matter.