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Dow plunges below 10,000; lowest level since 2004- Wall Street tumbled Monday, joining a selloff around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other governments. The Dow Jones industrials skidded more than 300 points and fell below 10,000 for the first time in four years, while the credit markets remained under strain.
Economists say shaky economy may last for a while- A growing number of economists believe the country is on the brink of - or already in - its first recession since 2001 and that it will be longer lasting.
McCain, Obama camps trade barbs on negative ads- The McCain and Obama presidential campaigns traded accusations of mudslinging Monday in the wake of new ads dredging up infamous events from 20, 30, even 40 years ago.
- An official says the administration has decided to pick a key Treasury Department official to be the interim head of its $700 billion rescue effort for financial institutions.
OJ Simpson jury says witness testimony not trusted- Jurors who found O.J. Simpson guilty in his armed robbery trial say secret audio tapes and surveillance video swayed them more than witness accounts.
- So you think junior is a little too lead-footed when he drives the family car? Starting next year, Ford Motor Co. will give you the power to do something about it.
3 share Nobel prize for work on AIDS and cancer- Three European scientists shared the 2008 Nobel Prize in medicine on Monday for separate discoveries of viruses that cause AIDS and cervical cancer, breakthroughs that helped doctors fight the deadly diseases.
- Warning: young children should not keep hedgehogs as pets - or hamsters, baby chicks, lizards and turtles, for that matter - because of risks for disease.
Miley Cyrus celebrates Sweet 16 at Disneyland- Miley Cyrus' 16th birthday party was more boisterous than sweet. Cyrus celebrated the hallmark birthday at an over-the-top Disneyland celebration Sunday - even though she doesn't actually turn 16 until Nov. 23. The theme park was closed for the supersized soiree, which included a four-song performance by the teen queen and a fireworks display above Sleeping Beauty Castle and 16 giant inflatable candles.
Both American League series play game 4 today- The American League Division Series resume today with the Tampa Bay Rays playing the White Sox in Chicago and the Los Angeles Angels facing the Red Sox in Boston. Both are game 4 in the best-of-5 series with the Rays and Red Sox leading 2 games to 1. The National League Championship Series between the Los Angeles Dodgers and the Philadelphia Phillies begins on Thursday.
Tyco International Acquires Last Major Sensormatic(R) Franchise
Sensormatic Electronics Corporation originally granted the franchise to SSC more than 40 years ago, prior to Tyco's acquisition of Sensormatic in 2001. It is the last remaining major Sensormatic franchise. Under the original agreement, SSC was granted rights to sell, install and service certain Sensormatic products and entitled to commissions on certain Sensormatic products sold, installed or shipped into its franchise territories by other companies.
The transaction is expected to close as soon as practicable following satisfaction of all closing conditions. Contemporaneously, Sensormatic and SSC will also settle the previously disclosed litigation between the parties related to the SSC franchise.
Sensormatic, part of Tyco International, is the industry leading provider of retail loss prevention solutions. The Sensormatic solutions portfolio is sold through ADT and Tyco partners around the world.
ABOUT TYCO INTERNATIONAL
Tyco International (NYSE: TYC) is a diversified, global company that
provides vital products and services to customers in more than 60 countries.
Tyco is a leading provider of security products and services, fire protection
and detection products and services, valves and controls, and other industrial
products. Tyco had 2007 revenue of more than
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