News In Brief

Wall Street Issues,Chen Shui Bia has been detained for laundering allegations, Insurgence taking over towns in somali, militants hijacking convoys in Pakistan. Lots of not so happy things going on in the news today, but stay Hopeful people. Click here for the rest of the story

Wall Street Sharply Lower

Wall Street tumbled Tuesday after homebuilder Toll Brothers Inc. said it couldn't project a profit for 2009 and coffee chain Starbucks Corp. reported earnings that missed expectations.

The Dow followed indexes in Europe and Asia overnight Tuesday that were down as investor enthusiasm for China's financial stimulus package waned.


Former Taiwan President Detained

Former Taiwan President Chen Shui-bian, a China critic and advocate for Taiwanese independence, was taken into custody on Tuesday after being questioned on money-laundering allegations.



Insurgents Seize 2 Somali Towns

An Islamic militia that the U.S. says is a terrorist organization took over two strategic towns in Somalia on Tuesday, the latest territory grab by a strengthening insurgency, officials said.

Armed Militants Hijack Convoy In Pakistan

Dozens of armed Pakistani insurgents hijacked a convoy of trucks carrying military vehicles and other supplies bound for U.S.-led forces in Afghanistan, an official said Tuesday.