The British pound could be in for a prolonged slide amid investor worries about the U.K.'s ability to manage a sharp economic downturn.

WaMu's board is ousting CEO Killinger amid heavy mortgage-related losses. Alan Fishman, Meridian Capital's chairman, will succeed him.

The government seized Fannie Mae and Freddie Mac in its most dramatic market intervention in decades. Treasury plans to replace the companies' CEOs and provide up to $200 billion as part of the rescue.

OPEC ministers could find it tough to cut output, with the U.S. and some European nations still flirting with recession.

Google and Yahoo's pending search-advertising deal is drawing opposition from some big marketers.

Hurricane Ike roared across the Turks and Caicos, rolling down an uncertain path that may lead to the Gulf Coast. The storm killed 10 people in Haiti.

At the heart of the union's strike against Boeing is a showdown over the company's effort to outsource key roles in producing its 787 Dreamliner jet.

Sarkozy heads to Moscow in an attempt to convince the Kremlin to fully implement a month-old cease-fire agreement between Russia and Georgia.

Massive boulders crashed down on a shantytown on the outskirts of Cairo, killing at least 34 people and raising criticism of the government for ignoring warnings at a time when it is already under pressure over rising food and fuel prices.

Boeing machinists walked out on strike Saturday after the union was unable to reach an agreement with company officials during last-minute negotiations on a new contract.

Protests that surrounded a new Tata Motors plant that will build the world's cheapest car are set to end as the local government and protesters unveiled a compromise over disputed farmland.

Asif Ali Zardari won the presidency of Pakistan, continuing the country's shift from military rule.

Dick Cheney issued blunt criticisms of Russia at a security conference, and called for Western unity in meeting its challenges.

Hong Kong residents voted in legislative elections that threatened to set back the opposition camp and its push for greater democratic freedoms.

The international body overseeing trade in nuclear materials approved a controversial, U.S.-sponsored nuclear trade agreement with India.

The U.S. secretary of state called for closer anti-terrorism coordination with the North African leaders.

Canadian Prime Minister Stephen Harper has called an early election in the hopes that it will strengthen his minority government's hold on power.

The Treasury is expected to announce at 11 a.m. details of a plan under which regulators will effectively take temporary control over Fannie Mae and Freddie Mac.

Two suicide bombers attacked the police headquarters in Kandahar, killing at least two police officers.

McCain and Obama offered very different visions for solving Social Security's financial problems in appearances before AARP. McCain said he is open to private accounts, while Obama remains deeply opposed.