U.S. Approves Plan to Help Citigroup Weather Losses

"Citigroup executives presented a plan to federal officials on Friday evening after a weeklong plunge in the company’s share price threatened to engulf other big banks. In tense, round-the-clock negotiations that stretched until almost midnight on Sunday, it became clear...

Jobless claims hit 25-year high, imports plunge

Jobless claims hit 25-year high, imports plunge Doug Palmer WASHINGTON (Reuters) - The number of U.S. workers drawing jobless benefits hit a 25-year...

Oil follows stock markets, falls below $65 in Asia

"SINGAPORE (AP) -- Oil prices fell below $65 a barrel Thursday in Asia as renewed concerns about the severity of a global economic slowdown triggered an exodus from stocks and commodities. Light, sweet crude for December delivery was down 83 cents to $64.47 a barrel in...

Girl fights for her life after holiday balcony plunge

A British couple fell 35 feet off a balcony in Grand Canaria. It is thought the fall was an accident."A TEENAGER who fell 35 feet from a holiday flat balcony with her boyfriend was fighting for her life in a Spanish hospital last night. Jemma France, 18, and Lee Cook, 28,...

Women survive car cliff plunge

Talk about luck! Four women in the UK drove off a cliff and plummeted 30 metres, but they happened to land in a swimming pool below them. The driver is suspected of driving under the influence of alcohol."Four women walked away with minor injuries after their car plunged 30...

PPT has a busy weekend

" Not much time was spent on the golf course this weekend for members of the Plunge Protection Team. Today's announcement of a support plan for Fannie Mae and Freddie Mac follows another grim week on Wall Street. Hank Paulson and Ben Bernanke faced the impending meltdown...

India To Test Its First Air-to-Air Battle Missile Soon

India's Astra missile, if it flies, may propel the nation into the very small circle of advanced-missile weaponry. What will this mean for the precarious balance of power in that region especially?"In a major technology leap, Indian defence scientists are ready to go ahead...

BASE jumper leaps off cliff but chute fails to open

" POLICE have seized graphic video showing the moment a BASE jumper's parachute fails to open in a near-fatal plunge. The Port Douglas chef and experienced skydiver with hundreds of jumps under his belt, miraculously survived the 305m fall off Australia's highest sheer...