New York, Sept 16 : It seems former US President Bill Clinton enjoys sex jokes.

According to a source, Clinton couldn’t stop giggling when ‘Legally Blonde’ star and dyed-in- the-wool Democrat Laura Bell Bundy showed him a T-shirt made in support of presidential hopeful Barack Obama.

"The shirt read, ''Every Time Obama Speaks, an Angel Has an Orgasm," '' the New York Post quoted the insider, as saying.

New York - Electronics chain Best Buy is to buy online music service Napster Inc for 121 million dollars in a move to expand the retailer's digital music offerings, the companies said Monday.

Best Buy will pay a total of 121 million dollars for Napster, which has 700,000 subscribers to its digital entertainment services. The deal represented a price of 2.65 dollars per share, almost double Napster's closing price before the announcement of the deal. Napster also has 67 million dollars in the bank.

New York/Washington  - The bankruptcy of Lehman Brothers Holdings Inc and fears of more looming bank failures sent US investors running for the hills Monday in the latest sign of a deepening credit crisis in the United States.

Monday's trading on Wall Street saw the steepest selloff since the lending crunch began last year, as the blue-chip Dow Jones Industrial Average tumbled more than 500 points - some 4.4 per cent - in its biggest one-day drop since October 2002.

New York  - Major US stock indices posted some of their worst losses in years on Monday in response to a significant deepening of the credit crisis and fears of widespread banking failures in the United States.

The blue-chip Dow Jones Industrial Average tumbled more than 500 points - some 4.4 per cent - and closed below 11,000 for its biggest one-day drop since the September 2001 terrorist attacks. The broader Standard & Poor's 500 Index plunged more than 4.7 per cent for its lowest close since October 2005.

New York  - The UN General Assembly prepared Monday to open its 63rd annual session, confronted with a host of challenges topped by the resilient issues of fighting poverty and hunger, disease and climate change.

The 192-nation body was to begin the new session on Tuesday under the presidency of Father Miguel d'Escoto Brockman, a Roman Catholic priest from Nicaragua, the first time a clergyman will take the reins of the body dominated by non-aligned, Arab and Islamic countries.

New York  - Lehman Brothers Holdings Inc, the 158-year-old investment bank, has become the largest institution to fail in US history after a last-minute rescue fell apart over the weekend.

A legendary US institution, Lehman employs about 25,000 people and reported debts of more than 600 billion dollars as it filed for bankruptcy Monday in a Manhattan court.

Apart from its debts, Lehman was valued at about 637 billion dollars in its bankruptcy filing. Its share price plunged 95 per cent.