Aug

25

Financials lead market lower; Dow falls 2 percent (AP)

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AP - Stocks sank in thin trading Monday as worries about the credit ratings of American International Group Inc. weighed on the financial sector. The major indexes each fell about 2 percent, including the Dow Jones industrial average, which was off about 250 points.

posted by Yahoo! News

Aug

25

Castro defends athlete who kicked judge in face (AP)

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AP - Fidel Castro on Monday defended the Cuban taekwondo athlete who kicked a judge in the face at the Beijing Olympics, saying Angel Matos was rightfully indignant over his disqualification from the bronze-medal match.

posted by Yahoo! News

Aug

25

Russia gets tough with West in Georgia fallout (AFP)

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AFP - The Russian parliament voted Monday to recognise two breakaway Georgian regions as independent nations and Moscow toughened its line on the West as the United States said Vice President Dick Cheney would visit Georgia.

posted by Yahoo! News

Aug

25

Realtors say existing home sales rose in July (AP)

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AP - Sales of existing homes rose 3.1 percent in July, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust.

posted by Yahoo! News

Aug

25

Pakistan’s ruling coalition collapses amid dissent (AP)

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AP - Pakistan’s ruling coalition collapsed Monday, torn apart by internal bickering just a week after Pervez Musharraf’s ouster and underscoring fears that the government would be distracted from its fight against Islamic extremists.

posted by Yahoo! News

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