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Auto bailout could be tied to gov't-run overhaul (AP) -

Auto executives, from left, General Motors Chief Executive Officer Richard Wagoner, UAW President Ron Gettelfinger, Ford Chief Executive Officer Alan Mulally, and Chrysler Chief Executive Officer Robert Nardelli testify on Capitol Hill in Washington, Thursday, Dec. 4, 2008, before a Senate Banking Committee hearing on the auto industry bailout. (AP Photo/Gerald Herbert)AP - The government would order a major restructuring of Detroit's struggling Big Three auto companies in exchange for a multibillion-dollar bailout under a plan circulating in Congress.


Top Indian official admits 'lapses' in attacks (AP) -

This television frame grab shows Pakistani President Asif Ali Zardari in Islamabad, teleconferencing to an audience in New Delhi on November 22. Zardari said he was in favour of a no-first-use policy on nuclear weapons, a stance already announced by neighbouring India.(AFP/HO)AP - India's top law enforcement official is admitting government "lapses" in last week's Mumbai attacks.


Oil at 4-year lows below $44 on dire economic news (AP) -

A pressure-gauge on a gas pipeline near Kiev, Ukraine. Prime Minister Vladimir Putin has warned that Russia will cut natural gas supplies that transit through Ukraine to Europe if Kiev does not pay its bills or siphons gas meant for other customers.(AFP/Sergei Supinsky)AP - Oil prices were steady near four-year lows below $44 a barrel Friday in Asia as more bad U.S. economic news soured the outlook for global growth and demand for crude.


Bailout still faces challenges: Paulson (Reuters) -

U.S. Treasury Secretary Henry Paulson (front 3rd L) and Chinese Vice Premier Wang Qishan (front 2nd R) chat as they join their delegations for a group photo to wrap up the Strategic Economic Dialogue in Beijing December 5, 2008. (Goh Chai Hin/Pool/Reuters)Reuters - The United States has made clear progress in steadying its financial system, thanks in part to a $700 billion bailout fund authorized by Congress, but the rehabilitation process still faces many challenges, Treasury Secretary Henry Paulson said on Friday.


Police seeking 2 people in Ruffalo shooting (AP) -

In this Sept. 13, 2007 file photo, actor Mark Ruffalo attends the premiere of 'Reservation Road' during the Toronto International Film Festival in Toronto. (AP Photo/Carolyn Kaster, file)AP - Police are seeking two people they want to question about the shooting of actor Mark Ruffalo's brother.


AP: US mulls unusual tactic in Blackwater case (AP) -

Plainclothes contractors working for Blackwater USA take part in a firefight as Iraqi demonstrators loyal to Muqtada Al Sadr attempt to advance on a facility being defended by U.S. and Spanish soldiers in Najaf, Iraq in this April 4, 2004 file photo. The Blackwater USA contractors were actively involved in defending the position. (AP Photo/Gervasio Sanchez, File)AP - Blackwater Worldwide guards involved in the deadly 2007 Baghdad shooting of Iraqi civilians could face mandatory 30-year prison sentences under an aggressive anti-drug law being considered as the Justice Department readies indictments, people close to the case said.


Employers shedding jobs as recession deepens (AP) -

A pedestrian talks on his cell phone while walking past an AT&T store Thursday, Dec. 4, 2008, in Chicago. Pressured by the economic turmoil and the mounting loss of traditional phone customers, AT&T Inc. is cutting 12,000 jobs, about 4 percent of its work force. (AP Photo/M. Spencer Green)AP - With the economy sinking faster, employers are giving more Americans dreaded pink slips right before the holidays.


Good cheer may spread itself, a study suggests (AP) - AP - When you're smiling, the whole world really does smile with you.