1:20am ET, Fri 29 Aug 200840

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DJIA: 11715.18 0.00  |  NASDAQ: 2411.64 29.18
 

Gustav kills nearly 70 in Caribbean, aims at U.S. 12:02am ET

KINGSTON (Reuters) - Tropical Storm Gustav was blamed on Thursday for at least 68 deaths in the Caribbean and U.S. forecasters said it could hit New Orleans and Gulf of Mexico oil fields as a potentially powerful hurricane next week.  Full Article | Video

 
Putin accuses U.S. of provoking Georgia crisis 2:53pm ET

DUSHANBE/PARIS (Reuters) - Russia faced increased diplomatic isolation over its military action against Georgia on Thursday, with its Asian allies failing to offer support and France saying EU leaders were considering sanctions.  Full Article | Video 

Investing

MARKETS:
Asia stocks climb but down for fourth month 9:56pm ET

HONG KONG (Reuters) - Asia stocks rallied on Friday, led by industrial companies and exporters, after a big upward revision to second quarter U.S. economic growth boosted the outlook for demand, but shares were down for a fourth month.  Full Article | Video 

Travel Web sites to battle in Asia

U.S. Internet travel companies are preparing to slug it out for dominance in Asia, where economic growth and increasing Web usage make the region a tempting target.  Full Article 

New heights in market angst

It is something of a truism to say that investors are worried -- they nearly always are. But with the global asset rally close to its fifth year, a new level of angst is being reached in some quarters.  Full Article 

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Business

Lehman looking at cutting some 1,200 jobs: source 4:10pm ET

NEW YORK (Reuters) - Lehman Brothers Holdings Inc is looking at cutting some 1,200 jobs in its latest round of cost cutting, a person familiar with the matter said, as weak financial markets spur layoffs across Wall Street.  Full Article 

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Water-cooler romance

If it seems like more people are flirting around the water cooler at your office these days, it may not be your imagination. Four out of 10 workers admit to being involved with another colleague at some point, a survey showed.  Full Article 

News

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New Year bittersweet for China's families

Millions of migrant workers will make the annual migration back home to rural villages for the Lunar New Year, queuing for hours and cramming into trains and buses for the chance to go home.  Full Article