Bloomberg.com reports that “Europeans' confidence in the outlook for the economy dropped the most since the Sept. 11 terrorist attacks as soaring energy costs and the euro's advance against the dollar rattled consumers and executives.”
On Tuesday night the U.S. Securities and Exchange Commission extended an emergency order against abusive short selling in a specific group of financial stocks, in preparation for new rule proposals that will ban the practice across the market.
“Adding in some 20,000 government workers typically hired in a given month, the ADP index suggests U.S. nonfarm payrolls rose by about 30,000 in July. The government will release its report on Friday, with economists expecting a loss of 70,000,” MarketWatch reports
“The CIA has confronted senior Pakistani officials with evidence showing that members of the country's spy service have deepened their ties with some militant groups responsible for a surge of violence in Afghanistan,” the Associated Press reports.
The Christian Science Monitor reports that, although Iraq is becoming more stable militarily, few Iraqis are finding jobs. Jobs in the military, police and intelligence forces are available, but are generally attained only through family ties or bribes.
Federal health officials have found the "smoking gun" in the salmonella outbreak that sickened more than 1,300 people. The bacteria strain has been linked to irrigation water and a serano pepper at a farm in Nuevo Leon, Mexico.
Delta Air Lines flight attendants found the body of a 61-year-old woman in the restroom of a plane that landed in Atlanta early Wednesday morning. Authorities are awaiting an autopsy to determine the cause of death.
A new government strategy to reduce the number of illegal immigrants, “Operation Scheduled Departure,” allows immigrants without criminal records to “self deport” by turning themselves in to agents, The Houston Chronicle reports.
Prior to a fundraiser in San Francisco, Republican Sen. John McCain pledged that, if elected president, he would work closely with Democratic House Speaker Nancy Pelosi, praising her as an effective leader and an “inspiration to millions of Americans.”
The Angels acquired big-hitting first baseman Mark Teixeira from the Atlanta Braves yesterday in exchange for first baseman Casey Kotchman and minor league pitcher Steve Marek. The Angels currently have the best record in baseball.