Bear Stearns, whose solvency is in question, was also making preparations to file for bankruptcy protection as a backup plan if a deal is not be reached.
The Dalai Lama on Sunday described feeling ?helpless? in preventing what he feared could be a bloody clash between his followers and Chinese authorities.
AP - Violence in Tibet spilled over into neighboring provinces Sunday where Tibetan protesters defied a Chinese government crackdown. The Dalai Lama warned Tibet faced "cultural genocide" and appealed to the world for help.
AP - Sen. John McCain, the likely Republican presidential nominee, arrived in Baghdad on Sunday for a visit with Iraqi and U.S. diplomatic and military officials.
AP - The Bush administration will "do what it takes" to stabilize chaotic markets and minimize the economic damage, Treasury Secretary Henry Paulson said Sunday after a tumultuous week capped by the government rescue of a teetering investment bank.
Three people are missing a day after a crane collapsed and killed four construction workers on the east side of Midtown Manhattan, New York Mayor Michael Bloomberg said. Rescue workers are searching for two construction workers and a neighborhood resident in the wreckage of a five-story townhouse destroyed by the top portion of the crane.
The U.S. economy is going through a "tough patch," Treasury Secretary Henry Paulson said today, insisting that the proper steps were being made to turn things around.