No signs of Qaeda election threat - U.S.

Al Qaeda has shown no signs it plans to attack the United States during the presidential election, but the government must keep guard during the 2-1/2-month transition to a new president, Homeland Security Secretary Michael Chertoff said on Thursday. Chertoff added the global economic turmoil had yet to cause any visible change in al Qaeda’s strategy, [...] "eliotcobb.com"

After his own personal mini-meltdown caused him to sell some of his shareholdings in CBS and Viacom, Sumner Redstone said this week that the situation is under control and that he won’t be selling any more. Meanwhile, media wags are still handicapping whether one or both of the companies he controls might end up in play. But [...] "eliotcobb.com"

Oil falls close to $63 per barrel; gasoline costs less than last year for the first time Crude tumbled Friday and the price for a gallon of gasoline fell below year-ago levels for the first time in 2008, even as OPEC announced a huge production cut in an attempt to halt the declines. Crude prices have now [...] "eliotcobb.com"

An emergency OPEC meeting on Friday reached swift agreement to chop production by 1.5 million barrels per day (bpd) in an effort to halt a deep oil price slide. International benchmark U.S. crude has slumped by close to 60 percent from a record high of $147.27 hit in July. On Friday, it fell again to below [...] "eliotcobb.com"