Yahoo! News: Top Stories
Top Stories
AP - President-elect Barack Obama promised the voters change, but he has started his Cabinet selection process by naming several Washington insiders to top posts.
AP - Pounded by a fierce financial crisis, the country is sinking deeper into economic despair and is likely to be in the hole well into next year, forcing more Americans into the ranks of the unemployed.
AP - A plan to give troubled U.S. automakers billions of dollars in government-backed loans is on life support, leaving the fate of hundreds of thousands of workers and Detroit's once-venerable car companies hanging in the balance.
AP - European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before.
AP - With the Bush administration on the verge of relaxing regulations protecting endangered species, Democratic leaders are looking at ways to overturn any last-minute rule changes.
AP - Astronauts vowed to double-check, even triple-check, to make sure a bag of tools is properly tied down during a spacewalk Thursday so it doesn't float away like one did earlier this week.
AP - China announced a complete overhaul of its dairy industry Thursday to improve safety at every step — from cow breeding to milk sales — saying its worst food quality scandal in years had revealed "major problems" in quality control.
AP - Michael Jackson's lawyer says the pop star has agreed to come to London to respond to a Bahraini sheik's $7 million lawsuit.
AP - The NFL is giving Adam "Pacman" Jones another chance. Dallas Cowboys owner Jerry Jones said Wednesday the suspended cornerback has been reinstated by league commissioner Roger Goodell, but he must miss two more games — this Sunday and the following game on Thanksgiving. He'll be back Dec. 7 at Pittsburgh.
Reuters - World economic misery spread on Thursday with forecasts of a global recession running well into 2009, Japan's exports to Asia falling for the first time in six years and job losses mounting.
Reuters - U.S. President-elect Barack Obama's top choice to lead the U.S. Department of Homeland Security is Arizona Gov. Janet Napolitano, CNN reported on Wednesday, citing multiple sources.
Reuters - World stocks dropped to 5-1/2 year lows and oil hit 22-month troughs as investors reacted to dire Federal Reserve warnings on the economy and fears about the viability of major U.S. auto makers and bank giant Citigroup.
Reuters - Chances dimmed that a last-minute plan being crafted by Republican senators, with White House support, to provide $25 billion to bail out U.S. automakers would receive enough backing from Democrats to pass before the end of this week.