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Investor fear remains deep despite 1-day rally (AP)

AP - Since the Nov. 4 election, investors have been abandoning stocks in a kind of slow-motion crash that experts say underlines just how anxious they are about what is likely to be a long and deep recession....

 
 

Business news

Obama taps Geithner, Summers for top economic jobs (Reuters)

 

Reuters - U.S. President-elect Barack Obama has chosen seasoned policymakers Timothy Geithner and Lawrence Summers as his two top economic lieutenants to direct the fight to rescue the economy and stem the worst financial crisis in more than 70 years.

Asian, American leaders push free trade against crisis (Reuters)

 

Reuters - Asian and American leaders urged support on Saturday for a global free trade deal to offset a deepening world economic crisis but big steps forward could be tricky as the United States makes the transition to a new president.

Oil rallies from 3-1/2-year low (Reuters)

 

Reuters - Oil rose slightly on Friday, after falling more than 7 percent the day before, as stock markets recovered from early lows caused by continuing economic gloom.

GM: Bankruptcy Not A Viable Option

 

General Motors Corp. will extend its holiday shutdown or make other production cuts at five factories at as it deals with a continued U.S. auto sales slump and fights to stay solvent.

Asian, American leaders back free trade to ease crisis (Reuters)

 

Reuters - Leaders from Asia and the Americas promised on Saturday to push for a global free trade deal and reform international lenders in an effort to keep the world from sliding into a deep recession.

 
 

Entertainment news

MTV holds its first African music awards (AP)

 

AP - Two Nigerian singers won top awards Saturday as MTV held its first-ever music award program for Africa, with acts from across the world's poorest continent being nominated for prizes.

Vatican 'forgives' John Lennon

 

A Vatican newspaper has forgiven the late former Beatle, John Lennon, for saying the band were more popular than Jesus.

Historic Plymouth OKs building $488M movie studio (AP)

 

AP - In this place sometimes known as America's hometown, schoolchildren and tourists flock to see Plymouth Rock, a replica of the Mayflower and the place where the Pilgrims and Mashpee Wampanoags Indians shared the first Thanksgiving meal.

 
 

Sport news

China's Yi scores 27 to lift NBA Nets past Clippers (AFP)

 

AFP - China's Yi Jianlian scored 27 points to power the New Jersey Nets to a 112-95 win over the lowly Los Angeles Clippers on Saturday.

Outcast skipper Gallas still has future at Arsenal: Wenger (AFP)

 

AFP - Arsenal boss Arsene Wenger insists deposed skipper William Gallas still has a future at the club despite his shock public criticism of his team-mates last week.

Daly shoots 'one of best rounds in years' (AP)

 

AP - John Daly shot a bogey-free 8-under 62 on Sunday in the final round of the Hong Kong Open on Sunday, a round the struggling two-time major winner ranked among the best he's had in three years.

 
 
 
 

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