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AIG bailed out by government

Posted: 09/16/2008 - The government will take over most of the American Insurance Group, in exchange for an 85 billion dollar loan.

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Ike Mystery

Updated: 09/16/2008 - Hurricane Ike turned life upside down for millions along the gulf coast. But the storm also unearthed a mystery.

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European markets slide on U.S. woes

Posted: 09/16/2008 - World stock markets are swooning again as the global financial crisis causes investors to worry asset prices still haven't hit rock bottom.

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Wall Street slow; Fed looks to help

Updated: 09/16/2008 - Wall Street is slightly up as nervous investors grapple with concerns about insurer American International Group Inc., and the Federal Reserve is putting money into the nation's financial system. Meanwhile, Congress considers tougher regulations for investment banks.

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11 dead in Gaza clash

Posted: 09/16/2008 - At least 11 people have been killed in fighting between Hamas forces and a heavily armed Gaza clan with militant ties.

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Pakistan orders troops to stop US raids

Posted: 09/16/2008 - Pakistan's army spokesman says its forces have orders to open fire on U.S. troops if they launch another raid across the Afghan border.

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Georgia says intercepts back self-defense claim

Posted: 09/16/2008 - Georgia says intercepted mobile phone calls between South Ossetian border guards show Russian tanks and troops invaded first, before Georgia's offensive began in the separatist region.

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Bombs kill total of 4 in Iraq

Posted: 09/16/2008 - Two civilians are dead and 19 people are wounded after a bicycle carrying explosives blew up at a market north of Baghdad.

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New Zimbabwe premier confident West will send aid

Posted: 09/16/2008 - Zimbabwe's new prime minister says he is confident the international community will send aid and give its support now that the country's two main political rivals have agreed to share power.

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Gates travels to Afghanistan for war update

Posted: 09/16/2008 - U.S. Defense Secretary Robert Gates is in Afghanistan, where he's getting an update on a war that has not gone as well as American commanders have planned.

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Porsche raises Volkswagen stake above 35 percent

Posted: 09/16/2008 - Porsche says it has raised its stake in fellow German automaker Volkswagen AG to more than 35 percent. It says the move puts it in effective control of Volkswagen.

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