With confidence in the bank spiraling lower, Lehman?s chairman has stepped up efforts to sell the 158-year old company, according to people briefed on the conversations.
AP - Cars and trucks streamed inland and chemical companies buttoned up their plants Thursday as a gigantic Hurricane Ike took aim at the heart of the U.S. refining industry and threatened to send a wall of water crashing toward Houston.
AP - John McCain running mate Sarah Palin sought Thursday to defend her qualifications but struggled with foreign policy, unable to describe President Bush's doctrine of pre-emptive strikes against threatening nations and acknowledging she's never met a foreign head of state.
AP - Republican John McCain declined to disavow Thursday the tough criticism by his campaign of his Democratic opponent's experience as a community organizer, saying politics is "tough business" even as he praised Barack Obama's service.
Residents living in single-family homes in some parts of coastal Texas face "certain death" if they do not evacuate ahead of Hurricane Ike, the National Weather Service said Thursday night. Ike is forecast to make landfall, possibly near Galveston Island, as early as Saturday morning.
Part of Sen. Barack Obama's national service plan includes "making sure that our young people in high school have community service opportunities; making sure that our university students, in exchange for making college affordable, are giving something back." But, he acknowledged he would need the help of Congress, teachers unions and volunteers.
Alaska Gov. Sarah Palin says she "didn't blink" when Sen. John McCain offered her the Republican vice presidential nomination and is confident she could handle the duties of president if necessary.