President Bush and Democratic congressmen say they’re optimistic that the $700 billion Wall Street bailout will be passed despite objections by House Republicans. “We're going to get this done and stay in session as long as it takes to get it done,” said Senate Majority Leader Harry Reid, D-Nev., who targeted next Monday for the approval of the bill.
Shares of BlackBerry-maker Research In Motion Ltd. dropped 27 percent Friday, its largest drop in eight years. The company had cut its profit forecast for the second straight quarter due to competition from Apple’s iPhone.
French President Nicolas Sarkozy announced Friday that France would not be eliminating its budget deficit by 2012, reneging on promises made to other European countries. Sarkozy said the decision was made because the plan to cut the deficit would “deepen the recession.”
After exchanges of fire Thursday, Pakistan issued a warning Friday to U.S. troops not to cross over its borders from Afghanistan. “Just as we will not let Pakistan's territory to be used by terrorists for attacks against our people and our neighbours, we cannot allow our territory and our sovereignty to be violated by our friends,” said Pakistani President Asif Ali. “Unilateral actions of great powers should not inflame the passions of allies.”
The 10 victims of Tuesday’s school shooting in Finland have been identified using DNA and dental records. Eight of the victims were female students; the other two were a male student and a male teacher.
The Sri Lankan Defence Ministry announced that 24 Tamil Tiger rebels and two soldiers were killed in fighting Thursday, as the Sri Lankan military closes to within just 2.5 miles of the rebel capital Kilinochchi. Sri Lanka army chief Lieutenant General Sarath Fonseka called Tamil Tiger leader Velupillai Prabhakaran “a caged animal.”
Two Somali terrorist suspects aboard a KLM passenger flight in Germany were arrested Friday. A police statement said the two men “are under suspicion of wanting to take part in a jihad and in possible attacks. Farewell letters to that effect were left behind.”
A Nebraska father abandoned 9 of his 10 children at an Omaha hospital under the state’s controversial “Safe Haven” law. Officials at the Department of Health and Human Services say the law, which was intended for young children, is being abused.
A Seattle judge ruled that Dino Rossi, a candidate in the Washington governor’s race, can have “GOP Party” next to his name on the ballot rather than “Republican party.” Democrats had sued after a survey found that voters showed more support for Rossi when he had “GOP” next to his name.
Evangelist Tony Alamo was arrested Thursday on charges that he transported underage girls over state lines to have sex with them. The 74-year-old believes that girls can consent to sex and marriage as soon as they hit puberty.
A New York police officer has been placed on administrative duty for firing a Taser at a mentally disturbed man, who then fell from a ledge to his death. An NYPD policy states that Tasers should not be used “in situations where the subject may fall from an elevated surface.”
John McCain announced that he will attend the first presidential debate tonight, resuming the campaign that he suspended to deal with the Wall Street crisis. “He is optimistic that there has been significant progress toward a bipartisan agreement,” read a statement by the McCain campaign. “The McCain campaign is resuming all activities and the Senator will travel to the debate this afternoon.”
Harvard scientists have discovered a new and safer way to create stem cells from adult cells. “A consequence of this is that you can now make mouse and human [stem] cells that are safer,” said author Konrad Hochedlinger. “They don’t have genetic alterations, which in mouse models has been shown to be harmful, and cause cancer.”
Scientists in Canada have found what may be the oldest rocks in the world on the eastern shore of Hudson Bay. The rocks are said to date back to 4.28 billion years ago, just 290 million years after the Earth was formed.
The Mets and Brewers remain tied for the National League Wild Card after walk-off victories for both teams Thursday night. In the American League, the Twins came back from 6-1 down to the White Sox to win 7-6 in 10 innings, completing a three-game sweep and taking a half-game lead in the AL Central.
Swiss pilot Yves Rossy, known as “Fusionman,” flew over the 22-mile English Channel in a single jet-propelled wing, becoming the first man to do so. After completing the trip, Rossy said, “I only have one word, thank you, to all the people who did it with me.”