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Massive loan...Moody markets...Train safety

CHARLOTTE, N.C. (AP) Insurance giant AIG is getting another giant loan. The Federal Reserve will loan AIG up to 37.8 billion dollars. Last month, it got an 85 billion-dollar loan to keep it afloat.

NEW YORK (AP) It's been an erratic day on Wall Street with wild trading swings. The Dow wound up losing 189 points. The volatility happened despite the decision by the Federal Reserve and other leading central banks to cut rates in the hope of freeing up credit markets.

LOS ANGELES (AP) The second presidential debate drew more than 63 million viewers. That's larger than the audience that watched the first debate between John McCain and Barack Obama, but far behind the 80 million who watched the vice-presidential faceoff.

LOS ANGELES (AP) Two major railroad freight companies that operate in Southern California say they will install new federally required systems at least 3 years before the 2012 deadline. The automation could slow or stop a train if an engineer runs a red light or goes too fast. A Los Angeles-area train collision last month killed 25 people.

FAIRFIELD, Maine (AP) It's a whole lot of bucks for a bang. An auctioneer in Maine says an anonymous bidder has paid $920,000 for a historic Colt Walker pistol. The .44-caliber revolver was made for U.S. marshals in the 1840s.

(Copyright 2008 by The Associated Press. All Rights Reserved.) APNP 10-08-08 2049CDT | save this article / add to your favorites list


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