Search results for

Stocks have fallen despite the government's $85 billion rescue of American Insurance Group. The Dow fell by nearly 450 points. One analyst says the troubles of a huge money-market fund unnerved investors. The fund lost money in the Lehman Brothers collapse.

The government takeover of Fannie Mae and Freddie Mac is making waves far off American shores. China is watching the events closely because some 10 percent of China's gross domestic product is invested with the troubled mortgage giants. NPR's Adam Davidson talks with host Jacki Lyden about China's stake in the U.S. mortgage industry.

The Federal Reserve said Tuesday it would lend AIG $85 billion to help stave off a financial crisis worldwide. Sens. Christopher Dodd and Judd Gregg say the government's move was necessary to avoid a bigger meltdown. They also say they don't see any other institutions that would warrant a Fannie Mae, Freddie Mac or AIG type of takeover.

Tzipi Livni is a hard-driving yet soft spoken foreign minister who could take over leadership of the ruling Kadima party and as head of state when current Prime Minister Ehud Olmert steps down. Some experts say she's tough and cautious, but friends call her "very funny" and "fun" in private.

Officials in Atlantic City like to boast that the New Jersey vacation spot is within a day's drive for a third of the U.S. population. But that fact isn't translating into booming business this summer. From souvenir stands on the boardwalk to the casinos and hotels, high gas prices and the soft economy are taking a toll.

Although the Russians claim a cease-fire is in place, Russian military vehicles and troops are still very active in Georgia. Ivan Watson reports from the ground in Tbilisi, the capital of Georgia.

The ruling coalition is moving to oust President Pervez Musharraf. Some Western officials worry that a lengthy impeachment process will distract the government from the weakening economy and the fight against terrorism.

Marketa Vondrousova of the Czech Republic became the lowest-ranked and first unseeded woman to win Wimbledon, defeating 2022 runner-up Ons Jabeur of Tunisia.

After five days of fighting, Russia has agreed on a provisional peace plan with Georgia. Conditions on the ground are still volatile.

The fighting between Russian and Georgian troops that began last week is causing concern in the oil industry. BP has shut down a major strategic pipeline carrying Caspian oil from Azerbaijan to the Georgian Sea, citing concern about security in Georgia.