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US Stocks Fall in Midday Trading Friday

Posted September 9th, 2011 at 12:40 pm (UTC-5)
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U.S. stock market indexes slid sharply in midday trading Friday. The Dow Jones Industrial Average of 30 key stocks and the broader S&P 500 are both off 2.8 percent. The technology-laden NASDAQ is down 2.4 percent. European stock markets closed with substantial losses. London’s Financial Times 100 index ended down 2.4 percent to close at […]

Tags: , , , Posted in Economy

US Investigates 9/11 Anniversary Threat

Posted September 9th, 2011 at 12:35 pm (UTC-5)
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U.S. President Barack Obama has no plans to change his schedule despite what authorities are calling a credible but unconfirmed terror threat against the United States planned to coincide with the 10th anniversary of the September 11, 2001 terrorist attacks. Mr. Obama is scheduled to mark the anniversary Sunday at the sites of the attacks […]

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East Africa Summit: Drought Aid Failing, Security Risk Rising

Posted September 9th, 2011 at 12:25 pm (UTC-5)
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Desperate famine victims in Somalia are not getting the food and relief supplies they need, and some African leaders say that failure could soon risk the region’s security. Kenyan President Mwai Kibaki told delegates at a United Nations’ summit in Nairobi Friday that famine victims continue to pour into relief camps in his country. And […]

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New Delhi Blast Leads Not ‘Conclusive’

Posted September 9th, 2011 at 12:00 pm (UTC-5)
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India’s home minister said Friday that investigators trying to track down those responsible for this week’s deadly bomb blast at New Delhi’s High Court have turned up some “promising” leads, but nothing more. Palaniappan Chidambaram told reporters investigators are working non-stop but that none of the leads are conclusive. He also said India is working […]

Tags: , , , Posted in South Asia

Former Taliban Fighter Gets Life Sentence in Britain

Posted September 9th, 2011 at 11:55 am (UTC-5)
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A former Taliban fighter has been sentenced to life in prison in Britain for trying to recruit Muslims to wage jihad, or holy war, in Afghanistan. A British judge handed Munir Farooqi four life sentences Friday and said he must serve a minimum of nine years before he can be considered for parole. The judge […]

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Syrian Forces Fire on Opposition Protesters

Posted September 9th, 2011 at 11:51 am (UTC-5)
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Syrian security forces have opened fire on anti-government demonstrators as activists appealed for “international protection” on Friday. Activists say at least one person was killed after forces moved in with live ammunition and tear gas to break up opposition rallies that took place in areas that include Damascus suburbs and the flashpoint city of Homs. […]

Tags: , , Posted in Middle East

NTC, Pro-Gadhafi Forces Clash in Two Towns

Posted September 9th, 2011 at 11:50 am (UTC-5)
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Forces loyal to Libya’s Moammar Gadhafi have clashed with provisional government fighters in two Gadhafi strongholds, ahead of a deadline for loyalists to surrender. Pro-Gadhafi fighters fired a barrage of Grad rockets at National Transitional Council fighters near Bani Walid on Friday. Meanwhile, NATO said Friday that it had carried out air strikes, near the […]

Tags: , , Posted in Middle East

Egyptians Protest Against Slow Pace of Reform

Posted September 9th, 2011 at 11:40 am (UTC-5)
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Thousands of Egyptians have packed Cairo’s Tahrir Square for what they are calling a “Correcting the Path” protest. The demonstrators are rallying to voice their displeasure about what they say is the slow pace of governmental reform since former president Hosni Mubarak stepped down in February. Protesters are trying to put pressure on the Supreme […]

Tags: , , , Posted in Middle East

President Obama Outlines $450 Billion Jobs Plan

Posted September 9th, 2011 at 11:36 am (UTC-5)
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U.S. President Barack Obama is in Richmond, Virginia to repeat his call for Congress to pass a nearly $450 billion job creation plan. President Obama outlined the American Jobs Act on Thursday in a speech before a joint session of Congress. He said the United States is in a “national crisis” and called for an […]

Tags: , , , , Posted in Economy, US

Bank of America May Slash Jobs

Posted September 9th, 2011 at 11:20 am (UTC-5)
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The Bank of America may cut around 40,000 jobs in a drive to become leaner and more profitable. The privately owned bank is one of the world’s largest financial institutions, has around 288,000 workers, and operates in 40 countries. Stories in the Wall Street Journal and on Bloomberg news say most of the cuts in […]

Tags: , , Posted in Economy, US