Gold, oil reach highs amid U.S. recession fears, London, England (CNN) - World stock markets were shaken Thursday as problems facing the ailing U.S. economic juggernaut continued to send ripples of fear through investors. Gold hits $1,000 an ounce for the first time. U.S. dollar hits 12-year low against yen, slumps to record low against the euro. UK FTSE 100 drops 1.9 percent. Paris, Frankfurt indices down more than 2 percent. Japan's Nikkei 225 falls 3.3 percent; Hong Kong Hang Seng plunges 4.8 percent.
- Mar 13 Thu 2008 18:30
World stock markets shaken amid U.S. economic woes
- Mar 12 Wed 2008 18:30
Southwest flies in dangerous sky
Southwest grounds planes, places three on leave (CNN) -- Southwest Airlines has grounded dozens of planes following allegations that the airline broke federal safety rules, the airline said. Forty-four Boeing planes were grounded "to determine whether they should go through further safety inspections," Southwest Airlines spokeswoman Whitney Eichinger said Wednesday. She could not confirm whether they were fuselage inspections or rudder inspections, issues which have recently raised concerns among Federal Aviation Administration officials and congressional investigators.
- Mar 11 Tue 2008 18:30
Fallon resigns as chief of U.S. forces in Middle East
Fallon resigns as chief of U.S. forces in Middle East, Bagdad, Iraq (CNN) - Adm. William Fallon has resigned as chief of U.S. forces in the Middle East and Central Asia after more than a year in the post, citing what he called an inaccurate perception that he is at odds with the Bush administration over Iran. Defense Secretary Robert Gates said he accepted the resignation with regret. Gates said he will be replaced by Lt. Gen. Martin Dempsey. Fallon cites what he calls inaccurate news reports for decision to step aside.
- Mar 10 Mon 2008 18:30
NY Governor Spitzer under prostitution investigation
NY Governor Spitzer under prostitution investigation (CNN) - New York Gov. Eliot Spitzer is under investigation for allegedly meeting with a prostitute in a Washington hotel, two sources with knowledge of the investigation told CNN. Spitzer is known for efforts to crack down on crime, corruption. One of the sources said Spitzer is identified in a criminal complaint as "Client-9," and that Spitzer's alleged involvement was caught on a federal wiretap.
- Mar 07 Fri 2008 08:25
Buffett named world's richest man
Buffett named world's richest man (CNN) -- Forbes' list of the world's wealthy has named Warren Buffett the richest person on the planet, surpassing his friend and philanthropic partner Bill Gates who had held the title for 13 consecutive years. Forbes crowns American investor Warren Buffett as world's richest person. After 13 years on top, Microsoft's Bill Gates drops to number three position. Russia replaces Germany as No. 2 country with 87 billionaires. Facebook founder Mark Zuckerberg may be youngest self-made billionaire in history.
