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Today's News

  • Consumer confidence drops to lowest since Feb.

    NEW YORK (AP) — Americans' view of the economy turned grimmer in September amid escalating job worries, falling to the lowest point since February.

    The downbeat report, released Tuesday, raises more fears about the tenuous U.S. economic recovery. It also further underscores the disconnect between Wall Street and Main Street; consumers' confidence fell further even as stocks rebounded in September.

  • Police: Man kills self after shooting at UT Austin

    AUSTIN, Texas (AP) — A gunman opened fire Tuesday inside a University of Texas campus library then fatally shot himself, and police are searching for a possible second suspect, university police said.

    A man opened fire with an automatic weapon on the sixth floor of the Perry-Castaneda Library early Tuesday, UT police spokeswoman Rhonda Weldon said.

  • Consumer, business confidence both weaken

    NEW YORK (AP) — Americans' view of the economy turned grimmer in September amid escalating job worries, falling to the lowest point since February.

    The downbeat report was released Tuesday on the same day a survey of CEOs was released that showed dimming optimism about business. The Business Roundtable's poll indicated that executives weren't as optimistic about sales growth as they were in June, suggesting some are putting plans to hire more workers on hold.

  • Home prices rise 0.6 percent in July

    NEW YORK (AP) — A national gauge of home prices ticked up in July for the fourth straight month, but many cities are bracing for declines in the year ahead.

    The price increases were fueled by now-expired homebuyer tax credits. With the peak buying season over, a record number of foreclosures, job concerns and weak demand from buyers are pushing prices down.

  • Mexican governor among those feared dead in landslide

    OAXACA, Mexico (AP) — A hillside collapsed on a rural Mexican community on Tuesday and the region's governor said hundreds of people are feared dead.

    Oaxaca state Gov. Ulises Ruiz told the Televisa television network that the early morning landslide in the town Santa Maria de Tlahuitoltepec buried 100 to 300 houses and speculated that 500 to 1,000 people could be dead.

  • Obama pushes to energize dispirited Dems

    ALBUQUERQUE (AP) — Determined to energize dispirited Democrats, President Barack Obama told New Mexico voters on Tuesday that Republicans would reverse the progress he's made on education reform and student aid.

  • Obama starts three-day, four-state trip in N.M.

    WASHINGTON (AP) — President Barack Obama is embarking on a four-state tour featuring three more of the backyard visits with American voters that have become a campaign staple of his.

    The president flew Monday to Albuquerque, N.M., where he planned to spend the night. He will meet Tuesday morning with several people at a private home to discuss the economy and education. Obama plans similar backyard visits Wednesday in Des Moines, Iowa, and Richmond, Va.

    Tuesday night he will attend a Democratic campaign rally in Madison, Wis.

  • Southwest Airlines to buy AirTran for $1.4B

    NEW YORK (AP) — Southwest agreed to buy AirTran in a $1.4 billion deal that will combine two of the country's largest low-fare airlines and give Southwest a bigger slice of the market in the Northeast and in Atlanta, the busiest hub in the nation.

    The acquisition announced Monday moves Southwest, which already carries more passengers than any other American airline, into 37 new cities.

  • New FDIC rules require banks to share some risk

    WASHINGTON (AP) — Federal regulators are insisting that banks share some risk when issuing the type of asset-backed securities that nearly toppled the financial system two years ago.

    The Federal Deposit Insurance Corp. is requiring banks hold at least 5 percent of the securities on their books, as part of new rules the regulator adopted Monday that were required under the new financial overhaul law. Banks would be required to purchase their share of the securities beginning Jan. 1.

  • NM candidates for governor face off in debate

    ALBUQUERQUE, N.M. (AP) — Democratic gubernatorial candidate Diane Denish sought Sunday to shift the focus of the race away from Gov. Bill Richardson's administration, which has been a punching bag for rival Republican Susana Martinez.