Former Pakistan PM's onslaught on ruling party worries diplomats

The foreign diplomats in the Pakistan capital are worried because of a twice-elected former prime minister's onslaught on the ruling Pakistan People's Party (PPP)."ISLAMABAD, February 22 (Internews): The announcement by former prime minister Nawaz Sharif to take on the ruling...

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...

Stocks plunge anew as recession worries resurface

"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...

LA man shoots family and then himself

"A Los Angeles man who was beset with financial worries after having trouble finding work has shot dead his wife, three children and mother-in-law before turning the gun on himself."I don't know anymore about this story than you do. That it is reminiscent of the suicidal...

After Bear Stearns Rescue, Who's Next?

" With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread."

Courts may be protecting drug makers from lawsuits because the jury may be wrong

"The logic is that the FDA "competently" oversees the drug market and should not be SECOND-GUESSED by courts. Meanwhile, less than a month ago, numerous members of the FDA board and the FDA commissioner himself argued that the FDA is underfunded and lacks the resources to...