Top News
Hurricane Earl weakens as it hits North Carolina Hurricane Earl weakens as it hits North Carolina

Hurricane Earl reached North Carolina late Thursday afternoon with wind speeds of 110 mph compared to the 140 mph the prior day, dropping the hurricane to a category 2 strength which will most likely continue to decline by tomorrow night, becoming a tropical storm as it moves up the Atlantic seaboard.

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Brooklyn mother questioned in death of 4-year-old who weighed only 15 pounds

Police in Brooklyn, NY are questioning Carlotta Pierce, 30, after paramedics were called to her home to find her 4-year-old daughter dead in her crib.  The girl apparently weighed only 15 pounds, though she suffered from a lung ailment from child birth.

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As Iraq combat operations end, US forces try to cement gains

While Iraq combat operations are over, the 50,000 remaining US soldiers in Iraq are looking to cement their achievements by sending out small groups of advisers to help improve Iraqi Army performance.

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Jobless rate inches higher, but payroll cuts where less-than-expected in August

The nation's unemployment rate rose to 9.6% in August as non-farm payrolls lost 54,000 jobs, but it was good news in that economists at large where forecasting double the unemployment figures for the month.

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INSIDE BUSINESS

Low mortgage rates go lower. Better days ahead for housing market?

Low mortgage rates fell still more this week - to the lowest level ever in four decades of tracking. Also, the number of pending home sales posted a rise for the month of July.

Former Lehman Bros CEO blames fed for investment bank's collapse

The now defunct investment bank, Lehman Brothers, collapsed as a result of the recession, though its ex-CEO, Richard Fuld, blamed the Federal Reserve on Wednesday, saying the decision not to provide support when other financial institutions received it was to blame.

US auto sales slip in August

US automakers saw a downturn in vehicle sales in August with General Motors reporting a 7% decline over July sales.  Ford Motor Co. (NYSE: F) faired slightly better than GM with a 5% drop.  Now auto pundits expect all automakers to report the worst month in decades.

ENTERTAINMENT TODAY

The Paris Hilton purse caper - first cocaine, now cash

Paris Hilton was just busted in Vegas for cocaine found in her new Chanel purse she bought in... where else... Paris, that she claimed wasn't hers, but the photos she post online clearly says otherwise.  Now Paris Hilton is going to have to open her purse a second time and peel off a cool $160,000 for not giving interviews to the press over the comedy flop Pledge This!

Mia Farrow contradicts Naomi Campbell's 'blood diamond' testimony

At the war crimes trial of former Liberian president Charles Taylor, Mia Farrow said Naomi Campbell bragged about receiving uncut diamonds from Taylor via unknown messengers. Prosecutors say the stones funded civil wars in Liberia and Sierra Leone.

As 'American Idol' swaps hosts, will audiences stay loyal?

'American Idol' returns just one original judge next season. The search for replacements has media watchers wondering if the show can survive.

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