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House bid to sell oil from reserve fails
WASHINGTON (Reuters) - The House of Representatives on Thursday failed to pass legislation intended to cool off gasoline prices by requiring the government to sell 70 million barrels of light sweet crude oil from the Strategic Petroleum Reserve, the national stockpile.

Publ.Date: Thu, 24 Jul 2008 17:35:10 -0400
Source: Reuters

Bin Laden driver was not read rights, court told
GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - Osama bin Laden's driver was not told of any rights against self-incrimination under years of interrogation, FBI agents told the Guantanamo war crimes court on Thursday.

Publ.Date: Thu, 24 Jul 2008 13:58:36 -0400
Source: Reuters

U.S. wants counterterror funds for Pakistan F-16s
WASHINGTON (Reuters) - The Bush administration has proposed shifting $226.5 million in U.S. counterterrorism aid to Pakistan to upgrade Pakistani F-16 fighters, U.S. officials said on Thursday.

Publ.Date: Thu, 24 Jul 2008 15:30:16 -0400
Source: Reuters

Wall Street tumbles, led by financials
NEW YORK (Reuters) - Stocks tumbled more than 2 percent on Thursday after a report showing yet another drop in U.S. home sales prompted investors to take profits in financial shares, which had rallied over the past week.

Publ.Date: Thu, 24 Jul 2008 16:33:18 -0400
Source: Reuters

Senate on course to vote Saturday on housing bill
WASHINGTON (Reuters) - The Senate was on course for a Saturday vote to approve a major housing market rescue bill offering a lifeline to mortgage finance giants Fannie Mae and Freddie Mac, and bond market action on Thursday indicated investors were encouraged by the progress.

Publ.Date: Thu, 24 Jul 2008 18:17:09 -0400
Source: Reuters

Home sales at 10-year low, jobless claims jump
WASHINGTON (Reuters) - Jobless claims jumped and the pace of existing home sales tumbled to a 10-year low as slowing growth hit hiring and a glut of unsold houses weighed on real estate, data released on Thursday showed.

Publ.Date: Thu, 24 Jul 2008 16:15:23 -0400
Source: Reuters