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  • Chrysler and the United Auto Workers union announced a deal late Wednesday afternoon after a six-hour strike. A few weeks ago, GM workers settled their contract following a two-day strike. What's with these mini strikes?
  • Merrill Lynch CEO Stanley O'Neal appears to be on his way out days after the company reported a loss of more than $8 billion. The company has not confirmed reports that O'Neal is negotiating the terms of his departure.
  • President Bush promises swift action and assistance to those in fire-ravaged southern California. Joined by Calif. Gov. Arnold Schwazenegger, he toured the charred remains of neighborhoods and met with distraught residents.
  • Unless Hollywood writers and studios reach a deal over the weekend, the Writers Guild of America will strike just after midnight next Monday. That could mean many TV shows will have to revert to re-runs. The writers and studios are at odds over how much writers should make in royalties when shows are resold on DVD or the Internet.
  • In his new book, The Stuff of Thought, psychologist Steven Pinker sorts through some of the paradoxes of profanity. He points out that in a society that prides itself on free speech, certain words pertaining to sex and excretion remain off-limits.
  • Parts of Iowa are still underwater after days of heavy flooding. That means roads are closed and bridges are washed out, making simple transportation more difficult.
  • The Federal Reserve swooped in quickly to prevent Wall Street titan Bear Stearns from going bust and triggering a panic on Wall Street. It's not a bailout in the sense of a taxpayer rescue of a corporation. But it is part of a more activist approach to the credit crisis by both the Fed and the Bush administration's economic team.
  • The U.S. government has pledged to bail out Fannie Mae and Freddie Mac to boost confidence in the nation's largest mortgage finance companies. Business Week's Atlanta bureau chief and a business columnist for The New York Times talk about what it means for the housing market.
  • Customers are lining up to withdraw their money from IndyMac, the failed bank taken over by the Federal Deposit Insurance Corporation late Friday. It reopened Monday as IndyMac Federal Bank. The FDIC says depositors have nothing to worry about.
  • Thick smoke billows from the Executive Office Building after an apparent electrical fire breaks out. The building is the ceremonial office of Vice President Dick Cheney. The vice president was across the street in his West Wing office when the fire was discovered.
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