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Top Stories


Lehman sought millions for execs while seeking aid (AP)

AP - The now-bankrupt investment bank Lehman Brothers arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to prompt a $700 billion government bailout.

Character attacks emerge in McCain-Obama race (AP)

AP - The two men who supposedly exemplified a different kind of politics are engaged in an increasingly bitter campaign as character attacks are emerging to compete with issues like the troubled economy.

Rescue plan disappointment contributes to sell-off (AP)

AP - The government's $700 billion rescue, aimed at rebuilding economic confidence, appeared to sound a global alarm instead on Monday, triggering a fearful international sell-off as the U.S. began work on a plan that investors feared would be too little and too late to stave off a worldwide recession.

Prosecutors move to delay Rezko sentencing (AP)

AP - Federal prosecutors moved Monday to delay indefinitely the sentencing of convicted fundraiser Antoin "Tony" Rezko, sending their strongest hint yet that he is ready to spill his political secrets.

Obama awarded Illinois grants to relative's group (AP)

AP - As a state senator, Democrat Barack Obama awarded $75,000 in government grants to a Chicago social service organization led by a rabbi who is also his wife's cousin, records show.

Debate stakes higher for McCain; insults mount (AP)

AP - Running short on time, John McCain has the most riding on the second presidential debate, though Barack Obama will be out of his scripted comfort zone in the town hall-style confrontation. It could be ugly if Monday's tussling is any indication.

Upset over financial problems, man kills family, then himself (AP)

AP - An unemployed man with an advanced finance degree who was despondent over his own financial problems shot and killed his wife, three children, mother-in-law and then himself in an upscale home in a gated community, police said Monday.

Fan use linked to lower risk of sudden baby death (AP)
AP - Using a fan to circulate air seemed to lower the risk of sudden infant death syndrome in a study of nearly 500 babies, researchers reported Monday. Placing babies on their backs to sleep is the best advice for preventing SIDS, a still mysterious cause of death.

R. Kelly seeks $3.4 million from tour promoter (AP)
AP - R. Kelly has won a $3.4 million award against his former tour promoter and is asking a Los Angeles judge to help him collect.

Rays top White Sox 6-2, advance to their 1st ALCS (AP)

AP - B.J. Upton and these Tampa Bay Rays are headed home — to get ready for the American League championship series. Worst in the majors last year, the Rays will play for a spot in the World Series after finishing off the Chicago White Sox 6-2 Monday in Game 4 of the AL playoffs. Ray-markable!

Dow dives below 10,000 on credit, recession fears (Reuters)

Reuters - Stocks slid for a fourth straight day on Monday, leaving the Dow below 10,000 for the first time in four years, on fears the global economy was hurtling into recession despite government efforts to contain the fast-spreading financial crisis.

Crisis hammers stocks, U.S. urges unified response (Reuters)

Reuters - Governments around the world scrambled for new measures to contain the fast-spreading credit crisis as stock, bond and commodity markets bet on deepening uncertainty and a sharp downturn.

BofA earnings tumble, cuts dividend (Reuters)

Reuters - Bank of America Corp, citing "recessionary conditions," on Monday halved its dividend and said it would sell at least $10 billion in new common stock to bolster its capital to offset rising loan losses.

McCain, Obama unleash another round of attacks (Reuters)

Reuters - Republican John McCain and Democrat Barack Obama warmed up on Monday for a potentially crucial debate by unleashing another volley of personal attacks on each other's character in an increasingly ugly White House race.

Wachovia, Citi, Wells Fargo to halt litigation (Reuters)

Reuters - Wells Fargo & Co and Citigroup Inc agreed on Monday to a 44-hour truce in their fight over regional bank Wachovia Corp after a weekend of legal wrangling.