United States

As stock markets plunge, US candidates duel over way out

As stock markets plunge, US candidates duel over way outWashington  - As the financial crisis erodes the retirement nest eggs of millions of Americans, the US Republican and Democratic presidential nominees battled Tuesday over how to get out of the mess.

But despite a turn to nasty attacks in the waning weeks of the White House race, Senator John McCain, 72, the centre-right Republican, and Senator Barack Obama, 47, the centre-left Democrat, remained mostly civil during the 90-minute debate at Belmont Universiy in Nashville, Tennessee.

AIG accused of hiding risks from auditors

American International Group Inc (AIG) Washington  - Federal regulators and auditors warned American International Group Inc (AIG) about a lack of transparency in monitoring its financial activities before the conglomerate nearly collapsed last month, a top Democratic lawmaker investigating the credit crisis said Tuesday.

Representative Henry Waxman, chairman of the Government Oversight Committee, scolded executives of the largest US insurer in his second day of hearings into the financial turmoil on Wall Street.

Obama, McCain square off in second debate amid economic crisis

McCain vs. Obama - post-debate ‘digs’Washington  - Democrat Barack Obama and Republican John McCain began their second presidential debate Tuesday night in a discussion on the economy against the backdrop of a widening global credit and economic crisis.

In the only presidential debate scheduled in the so-called town hall meeting format, the two candidates quickly heard questions from a group of 80 undecided voters about the financial crisis in the United States and the 700-billion-dollar rescue package approved last week in Congress.

Free Windows utilities put you back in control

Free Windows utilities put you back in control

Washington - Most computer users want control over three things about their personal computers: what gets installed, what gets removed, and what's running at the moment.

Actor Nick Nolte escapes through window as fire engulfs house

Actor Nick Nolte escapes through window as fire engulfs houseLos Angeles - Actor Nick Nolte, 67, had to jump through a window to escape a fast-moving fire that severely damaged his Malibu mansion Tuesday.

The blaze was apparently ignited by an electrical malfunction in the actor's home-office. Firefighters arrived on the scene to find the house engulfed in flames and Nolte trying to put the blaze out himself.

AIG accused of hiding risks from auditors

AIG accused of hiding risks from auditors Washington - Federal regulators and auditors warned American International Group Inc (AIG) about a lack of transparency in monitoring its financial activities before the conglomerate nearly collapsed last month, a top Democratic lawmaker investigating the credit crisis said Tuesday.

Representative Henry Waxman, chairman of the Government Oversight Committee, scolded executives of the largest US insurer in his second day of hearings into the financial turmoil on Wall Street.

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