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Canada's Dollar Suffers Biggest Decline Since 1971 on Crisis
Published October 11, 2008, 8:59 am, Bloomberg
The Canadian currency fell 7.7 percent against its U.S. counterpart since Oct. 3, the biggest loss since January 1971, when Bloomberg records begin. It touched the lowest since August 2005 yesterday, as prices for commodities including crude oil plummeted.
N Korea off US blacklist after nuke inspection deal
Published October 11, 2008, 8:59 am, The Star Press
WASHINGTON (AP) — North Korea has agreed to all U.S. nuclear inspection demands and the Bush administration responded Saturday by removing the communist country from a terrorism blacklist.
NKorea off US blacklist after nuke inspection deal
Published October 11, 2008, 8:59 am, The Washington Times
North Korea has agreed to all U.S. nuclear inspection demands and the Bush administration responded Saturday by removing the communist country from a terrorism blacklist. The breakthrough is intended to salvage a faltering disarmament accord before President Bush leaves office in January.
GM Is Said to Be in Preliminary Talks With Chrysler (Update2)
Published October 11, 2008, 8:59 am, Bloomberg
Oct. 11 (Bloomberg) -- General Motors Corp . is in preliminary talks with Cerberus Capital Management LP's Chrysler LLC about a possible merger or other partnership, people with direct knowledge of the talks said.
Obama fundraiser, convicted of fraud, spills beans
Published October 11, 2008, 8:58 am, Kerrville Daily Times
CHICAGO (AP) -- Jailed political fundraiser Antoin "Tony" Rezko, the Chicago real estate developer who helped launch Barack Obama on his political career, is whispering secrets to federal prosecutors about corruption in Illinois and the political fallout could be explosive.
Auto merger has many pitfalls, few advantages
Published October 11, 2008, 8:58 am, The Globe and Mail
A merger of Chrysler LLC and General Motors Corp. would reshape the North American automotive landscape, but the pitfalls are many and the advantages few.
Another ship seized as pirates issue threat
Published October 11, 2008, 8:57 am, Los Angeles Times
Armed pirates hijacked a massive tanker as world powers today headed toward the Somali coast to end a two-week standoff aboard a ship laden with tanks and weapons, officials said.
GPS Could Save Airlines Time and Fuel
Published October 11, 2008, 8:56 am, WBOC Salisbury
CHICAGO (AP) - A World War II-era air traffic network that often forces planes to take longer, zigzagging routes is costing U.S. airlines billions of dollars in wasted fuel while an upgrade to a satellite-based system has languished in the planning stages for more than a decade.
Oktaha to play Dale for state championship
Published October 11, 2008, 8:54 am, Muskogee Phoenix
OKLAHOMA CITY — It wasn’t a work of art, but at this point for Oktaha, just staying alive counts. Surviving a plethora of miscues in a battle of cats, the Tigers of the east side of the state beat Verden’s Tigers 5-3 in a Class A baseball semifinals at Dolese Park on Friday.
Global financial system on brink of meltdown: IMF
Published October 11, 2008, 8:54 am, Reuters.co.uk
WASHINGTON (Reuters) - Concerns about the solvency of international banks has pushed the global financial system to the brink of a systemic meltdown, the head of the International Monetary Fund said on Saturday.
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