Yahoo! News: Top Stories
Top Stories
Officials announce takeover of mortgage giants
(AP)
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.
Ike blasts Turks and Caicos, floods Haiti again
(AP)
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.
Powerful Hurricane Ike looms as trouble for Gulf
(AP)
AP - Powerful Hurricane Ike rolled down an uncertain path Sunday that may lead to the U.S. Gulf Coast late this week, forcing emergency officials to pay attention and leaving millions of people from Florida to Mexico to wonder where it will eventually strike.
Obama: Recession could delay rescinding tax cuts
(AP)
AP - Democrat Barack Obama says he would delay rescinding President Bush's tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.
Auto industry to press Congress for $50B in loans
(AP)
AP - Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient vehicles.
Iraqi parliament faces urgent national issues
(AP)
AP - Iraqi lawmakers end their summer break this week facing urgent tasks of approving a new election law and signing off on a still-unfinished security pact with the U.S. — key steps in laying the foundation for a lasting peace.
CERN fires up new atom smasher to near Big Bang
(AP)
AP - It has been called an Alice in Wonderland investigation into the makeup of the universe — or dangerous tampering with nature that could spell doomsday.
AP IMPACT: Liver disease plagues obese adolescents
(AP)
AP - In a new and disturbing twist on the obesity epidemic, some overweight teenagers have severe liver damage caused by too much body fat, and a handful have needed liver transplants.
One More Time: Britney returns to MTV VMAs
(AP)
AP - Another year, another attempted comeback for Britney Spears at the MTV Video Music Awards.
Gators snap 6-game losing streak to Miami, 26-3
(AP)
AP - Heisman Trophy winner Tim Tebow was good early and even better late, enough to help No. 5 Florida snap a six-game losing streak against rival Miami. Tebow threw two touchdown passes, speedster Percy Harvin ran for a score and the Gators used a swarming defensive effort to beat the Hurricanes 26-3 Saturday night at The Swamp.
Government seizes control of GSEs
(Reuters)
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.
Menacing Hurricane Ike powers toward Cuba, Gulf
(Reuters)
Reuters - Dangerous Hurricane Ike roared toward
Cuba with 135 mph (215 kph) winds on Sunday and was expected to
sweep into the Gulf of Mexico where it could threaten the U.S.
oil patch and possibly New Orleans.
McCain says he will include Democrats in Cabinet
(Reuters)
Reuters - Republican nominee John
McCain said in an interview aired on Sunday he would bring
Democrats into his Cabinet and administration as part of his
attempt to change the political atmosphere in Washington.
Petraeus to hand over U.S. Iraq command Sept 16
(Reuters)
Reuters - U.S. General David Petraeus, credited
with helping staunch violence in Iraq, will hand over command
of U.S. forces there to Lieutenant-General Raymond Odierno on
September 16, a military spokesman said on Sunday.
U.S. forces and Afghan police kill over 20 Taliban
(Reuters)
Reuters - U.S.-led soldiers, backed
by air support, and Afghan police killed more than 20 Taliban
fighters in two separate clashes, officials said on Sunday.
