Without a shift in the Israeli policy that doesn???t allow building materials into Gaza, much of the $2.8 billion that Palestinians hope to raise at a donors??? conference Monday will be limited to humanitarians needs.
AP - The Dow Jones industrial average plunged below 7,000 Monday for the first time in more than 11 years as investors grow even more pessimistic about the health of banks, and in turn the economy.
AP - American International Group Inc., once the world's largest insurer, said Monday it lost $61.7 billion in the fourth quarter, the biggest quarterly loss in U.S. corporate history, amid continued financial market turmoil.
AP - A massive late winter snowstorm pummeled the Northeast on Monday, grounding hundreds of flights, causing spinouts on highways, delaying trains and buses and closing school for over a million children from South Carolina to Maine.
One of four boaters who went missing off the Florida coast Saturday has been found, according to the Coast Guard. Three others, including two NFL players, are still missing. An overturned vessel was discovered today with former University of South Florida football player Nick Schuyler clinging to it, according to Coast Guard Petty Officer James Harless.
The congressional showdown over Kansas Gov. Kathleen Sebelius' nomination to President Obama's Cabinet may focus less on her qualifications than on the issue of abortion, analysts said.
Heavy snow -- nearly a foot of it in some cities -- covered much of the Eastern Seaboard today, creating a driving nightmare for commuters. In Boston, two women, one of them pregnant, died after their car smashed into a city plow truck, CNN affiliate WCVB reported. Delta Air Lines has canceled 300 flights. Traffic along a section of I-85 in South Carolina was at a standstill, stranding some motorists overnight.