Month: October 2008

NEW YORK (AP) – The devastating selling continues on Wall Street, with investors again dumping stocks in early trading. The Dow Jones industrials, already down 2,271 points in seven sessions, are down more than 300 after dropping as much as 696. The major indexes are fluctuating sharply as some computer-driven “buy” orders kick in, but

By ALAN ZIBEL, AP Business Writer WASHINGTON (AP) – Can filing for bankruptcy help homeowners facing foreclosure? For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a far better option. While bankruptcy judges can reduce or eliminate certain kinds of debt, they aren’t allowed to

By ALAN ZIBEL, AP Business Writer WASHINGTON (AP) – Can filing for bankruptcy help homeowners facing foreclosure? For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a far better option. While bankruptcy judges can reduce or eliminate certain kinds of debt, they aren’t allowed to

By ROBERT BURNS AP Military Writer WASHINGTON (AP) – The tough economy could make it easier to sign up soldiers. Fewer civilian jobs mean less competition for military recruiters. “We do benefit when things look less positive in civil society,” David Chu, the Pentagon’s personnel chief, told a news conference Friday. “I don’t have the

By ROBERT BURNS AP Military Writer WASHINGTON (AP) – The tough economy could make it easier to sign up soldiers. Fewer civilian jobs mean less competition for military recruiters. “We do benefit when things look less positive in civil society,” David Chu, the Pentagon’s personnel chief, told a news conference Friday. “I don’t have the

By HEATHER CLARK Associated Press Writer BERNALILLO, N.M. (AP) – A hot air balloon crashed into power lines and burst into flames Friday during Albuquerque’s annual balloonfiesta, throwing both men on board to the ground and killing one of them. Witnesses said that winds had picked up a bit and that many of the balloons

By HEATHER CLARK Associated Press Writer BERNALILLO, N.M. (AP) – A hot air balloon crashed into power lines and burst into flames Friday during Albuquerque’s annual balloonfiesta, throwing both men on board to the ground and killing one of them. Witnesses said that winds had picked up a bit and that many of the balloons

By The Associated Press Short definitions for key words and phrases in the financial crisis: BASIS POINT: One one-hundreth of one percentage point. Changes in interest rates are measured in basis points. If the Federal Reserve’s target rate was 2 percent and it was cut by 50 basis points, the new rate would be 1.5

By The Associated Press Short definitions for key words and phrases in the financial crisis: BASIS POINT: One one-hundreth of one percentage point. Changes in interest rates are measured in basis points. If the Federal Reserve’s target rate was 2 percent and it was cut by 50 basis points, the new rate would be 1.5

By ASHLEY M. HEHER AP Business Writer CHICAGO (AP) – Afraid cash isn’t secure even behind the thick walls of banks, more people are turning to something that’s protected money since the days of Jesse James and Bonnie and Clyde: safes. The metal vaults are so popular in some parts of the country that shoppers

By ASHLEY M. HEHER AP Business Writer CHICAGO (AP) – Afraid cash isn’t secure even behind the thick walls of banks, more people are turning to something that’s protected money since the days of Jesse James and Bonnie and Clyde: safes. The metal vaults are so popular in some parts of the country that shoppers

By MATT SIEGEL Associated Press Writer TKVIAVI, Georgia (AP)- Russia has only partially met its obligations under an EU-negotiated cease-fire, French Foreign Minister Bernard Kouchner declared Friday as he toured damaged villages and spoke to Georgians displaced by the war. He confirmed that Russia had met the Friday deadline to withdraw hundreds of troops from

By MATT SIEGEL Associated Press Writer TKVIAVI, Georgia (AP)- Russia has only partially met its obligations under an EU-negotiated cease-fire, French Foreign Minister Bernard Kouchner declared Friday as he toured damaged villages and spoke to Georgians displaced by the war. He confirmed that Russia had met the Friday deadline to withdraw hundreds of troops from

Chris began his long journey to KVIA back in the early 70’s. Armed with a Bell and Howell 8mm camera and tape recorder (provided by his Grandfather); Chris would go on to document such events as the great plastic dinosaur attack on Tornillo, GI Joe’s dramatic rescue of Barbie from a backyard mud pit and

By JANE WARDELL, AP Business Writer REYKJAVIK, Iceland – Iceland suspended trading on its stock exchange for two days and took control of the country’s largest bank – the third to be placed under its protective umbrella – on Thursday as it grappled with a banking crisis that is threatening to engulf the entire country.

By JANE WARDELL, AP Business Writer REYKJAVIK, Iceland – Iceland suspended trading on its stock exchange for two days and took control of the country’s largest bank – the third to be placed under its protective umbrella – on Thursday as it grappled with a banking crisis that is threatening to engulf the entire country.

WASHINGTON (AP) – Banks borrowed in record amounts from the Federal Reserve’s emergency lending facility over the past week, while investment drew loans at a brisk – though slightly lower – pace, fresh proof of the credit problems gripping the country. The Fed’s report released Thursday said commercial banks averaged a record $75 billion in

WASHINGTON (AP) – Banks borrowed in record amounts from the Federal Reserve’s emergency lending facility over the past week, while investment drew loans at a brisk – though slightly lower – pace, fresh proof of the credit problems gripping the country. The Fed’s report released Thursday said commercial banks averaged a record $75 billion in

MEXICO CITY (AP) – President Felipe Calderon on Wednesday unveiled plans for $4.4 billion in emergency spending on roads, schools, hospitals and an oil refinery next year to help Mexico combat the world financial crisis. In a televised address, Calderon assured Mexicans the nation’s banks are solid and haven’t slowed lending to companies or individuals,

MEXICO CITY (AP) – President Felipe Calderon on Wednesday unveiled plans for $4.4 billion in emergency spending on roads, schools, hospitals and an oil refinery next year to help Mexico combat the world financial crisis. In a televised address, Calderon assured Mexicans the nation’s banks are solid and haven’t slowed lending to companies or individuals,

By MIKE STOBBE AP Medical Writer ATLANTA (AP) – About one in four teen girls last year got the groundbreaking vaccine that prevents cervical cancer, federal health officials reported Thursday. The figures represent the government’s first full year of vaccination rate data for the Gardasil vaccine, which came on the market in mid-2006. Merck &

By MIKE STOBBE AP Medical Writer ATLANTA (AP) – About one in four teen girls last year got the groundbreaking vaccine that prevents cervical cancer, federal health officials reported Thursday. The figures represent the government’s first full year of vaccination rate data for the Gardasil vaccine, which came on the market in mid-2006. Merck &

By MARK JEWELL, AP Business Writer BOSTON (AP) – Why is the commercial paper market so pivotal to easing the credit crunch that the Federal Reserve announced Tuesday it will intervene to prop up the market? The Associated Press offers some insight based on interviews with experts: A: It’s a low-cost source of cash for

By MARK JEWELL, AP Business Writer BOSTON (AP) – Why is the commercial paper market so pivotal to easing the credit crunch that the Federal Reserve announced Tuesday it will intervene to prop up the market? The Associated Press offers some insight based on interviews with experts: A: It’s a low-cost source of cash for

WASHINGTON (AP) – Will U.S. consumers benefit from the interest rate cuts announced Wednesday by the Federal Reserve and several other countries’ central banks? For most people, probably not much, at least for a while. But people with strong credit could see lower credit card rates soon, and the move could eventually help point the

WASHINGTON (AP) – Will U.S. consumers benefit from the interest rate cuts announced Wednesday by the Federal Reserve and several other countries’ central banks? For most people, probably not much, at least for a while. But people with strong credit could see lower credit card rates soon, and the move could eventually help point the

EL PASO — An overnight arson fire caused over $1,000 in damages to the Comic Strip, El Paso Fire Department officials said Wednesday. The fire was discovered Wednesday morning by an employee of the business in the 9500 block of Gateway West. Fire marshals investigators determined the fire was intentionally set. Damages were to two

EL PASO — An overnight arson fire caused over $1,000 in damages to the Comic Strip, El Paso Fire Department officials said Wednesday. The fire was discovered Wednesday morning by an employee of the business in the 9500 block of Gateway West. Fire marshals investigators determined the fire was intentionally set. Damages were to two

EL PASO — The City of El Paso Department of Public Health reminds the public that they should not handle bats due to rabies concerns. Officials said that 16 bats have tested positive for rabies in El Paso this year. View City of El Paso map of where bats with rabieshave been found(PDF) Only laboratory

EL PASO — The City of El Paso Department of Public Health reminds the public that they should not handle bats due to rabies concerns. Officials said that 16 bats have tested positive for rabies in El Paso this year. View City of El Paso map of where bats with rabieshave been found(PDF) Only laboratory