AP - Financial markets took a bleak view of the future Monday, seeing contagion in a credit crisis that threatens to cascade through economies globally despite government efforts to provide relief. The Dow Jones industrials skidded more than 500 points and fell below 10,000 for the first time in four years, while the credit markets remained under strain.
AP - Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday.
AP - Republican vice presidential candidate Sarah Palin expanded her attack on Democrat Barack Obama's character Monday to include his relationship with an incendiary former pastor as well as his ties to 1960s-era radical Bill Ayers.
· Official: Kashkari to be tapped to head bailout
(AP)
AP - An official says the administration has decided to pick a key Treasury Department official to be the interim head of its $700 billion rescue effort for financial institutions.
AP - The driver of a casino-bound charter bus that crashed and killed eight people was arrested on suspicion of driving under the influence of drugs, the California Highway Patrol said Monday.
AP - The Supreme Court opened its new term Monday suggesting it would side with tobacco companies in their fight to block lawsuits over deceptive marketing of "light" cigarettes.
AP - So you think junior is a little too lead-footed when he drives the family car? Starting next year, Ford Motor Co. will give you the power to do something about it.
AP - Three European scientists shared the 2008 Nobel Prize in medicine on Monday for separate discoveries of viruses that cause AIDS and cervical cancer, breakthroughs that helped doctors fight the deadly diseases.