Economics

Stocks on Wall Street and other exchanges throughout the world dropped as brokerage Merrill Lynch was bought by Bank of America, insurance giant AIG sought tens of billions of dollars…

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The Treasury Department seized control of mortgage and loan giants Fannie Mae and Freddie Mac, firing the companies’ chief executives and promising to provide as much as $200 billion to…

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Radovan Karadzic was arrested in Belgrade and awaits imminent extradition to The Hague, where he will face charges of genocide for his role in the Srebrenica massacres and the siege…

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The U.S. Office of Thrift Supervision seized the IndyMac Bank of California, worth an estimated 32 billion dollars, after the bank’s closure in the wake of mortgage industry collapse,AFPand the…

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Colombian military commandos infiltrated a settlement operated by the guerilla group FARC and freed 15 hostages, among them three U.S. contractors and the Colombian-French politician Ingrid Betancourt. President George W.…

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The Supreme Court overturned the 32-year ban on handguns in Washington, D.C., ruling 5-4 that there is a Second Amendment right to own a gun for personal use. Justice John…

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At 20 points along the Gaza Strip’s southern border, Hamas operatives detonated explosives to topple an Israeli-built fence, allowing as many as 200,000 Palestiniansâ??13 percent of the territory’s populationâ??to cross…

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Charges of a rigged presidential election triggered violence along tribal lines in Kenya, leading to more than 700 deaths and the displacement of 250,000 Kenyans. Opposition leader Raila Odinga, who…

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Jittery global markets brought on by the subprime mortgage crisis led the Federal Reserve to cut its discount rate on loans to banks by half a percentage point.AP via ForbesCiting…

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