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Latest news from around the web, updated 10 minutes ago.

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Selected and fresh photos from around the web.

Editor's pick
- Georgian soldiers run near a blazing building after a Russian bombardment in Gori, 80 km (50 miles) from Tbilisi, August 9, 2008. A Russian warplane dropped a bomb on an apartment block in the Georgian town of Gori on Saturday, killing at least 5 people, a Reuters reporter said. The bomb hit the five-story building in Gori close to Georgia's embattled breakaway province of South Ossetia when Russian warplanes carried out a raid against military targets around the town.
  
  2 weeks ago
  
  from Reuters Pictures by REUTERS
- CARSON, CA - JULY 31: Andre Villa practices in the Moto X Freestyle during the summer X Games 14 at Home Depot Center on July 31, 2008 in Carson, California.
  
  3 weeks ago
  
  from Getty Images
- A woman collects drinking water from a tube well at the flooded village of Godadhar in Faridpur July 27, 2008. Several areas in north and northeastern Bangladesh remain inundated with floodwaters after the embankments of the rivers Jamuna and Padma collapsed due to heavy rainfall earlier this week.
  
  1 month ago
  
  from Reuters Pictures by REUTERS
- LONDON - JULY 25: Reese Hoffa of United States competes in the Men's Shot Put Final during day 1 of the Norwich Union Aviva London Grand Prix at Crystal Palace Stadium on July 25, 2008 in London, England.
  
  1 month ago
  
  from Getty Images
Hot off the wire
- Relatives of Sandeep Singh, a hostage who was killed, weep near his body before his cremation at Chinore village, on the outskirts of Jammu, India, Thursday, Aug. 28, 2008. Government forces ended a hostage crisis early Thursday when they killed the last of three rebels believed to have seized eight hostages in the mainly Hindu city of Jammu in Indian Kashmir, senior army official D.L. Chowdhary said. Two hostages died in the gun battle, along with the three militants, he said.
  
  40 mins ago
  
  from AP Photo by Channi Anand
- A woman takes part in Mariamoba (Day of the Virgin Mary) commemorations outside the Sioni Cathedral in Tbilisi August 28, 2008. Georgians flocked to churches on Thursday to pray for their country reeling from military defeat by Russia and the secession of two of its provinces. Hundreds of worshippers packed into the church for a three-hour service led by Orthodox Patriarch Ilia the Second to mark the Assumption of the Virgin Mary, the entry into heaven of the mother of Jesus.
  
  34 mins ago
  
  from Reuters Pictures by REUTERS
- VENICE, ITALY - AUGUST 28: Model Eva Herzigova arrives by boat for the ?Valentino:The last Emperor? premiere during the 65th Venice Film Festival at Sala Grande on August 28, 2008 in Venice, Italy.
  
  38 mins ago
  
  from Getty Images
Recently starred
- US Democratic presidential candidate Illinois Senator Barack Obama (L) addresses supporters with Kansas Governor Kathleen Sebelius (C) and Missouri Senator Claire McCaskill (R) during a rally in Kansas City, Missouri, 29 January 2008. Obama is on the campaign trail to try to clinch the Democratic Party ticket in the race to the White House.
  
  7 months ago
  
  from Getty Images by AFP/Getty Images
- US actor George Clooney poses during the photo call of the movie 'Burn after reading' at the 65th edition of the Venice Film Festival in Venice, Italy, Wednesday, Aug. 27, 2008.
  
  22 hours ago
  
  from AP Photo by Joel Ryan
- VENICE, ITALY - AUGUST 27: Actor George Clooney during the 'Burn After Reading' Photocall part of the 65th Venice Film Festival at Palazzo del Casino on August 27, 2008 in Venice, Italy.
  
  22 hours ago
  
  from Getty Images
- U.S. actor George Clooney poses at the Film Festival in Venice August 27, 2008. Clooney stars in Ethan and Joel Coen's movie "Burn After Reading" which is shown out of the competition at the Venice Film Festival.
  
  22 hours ago
  
  from Reuters Pictures by REUTERS

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SEC action expected on auction rate securitiesStory

SEC action expected on auction rate securities

Securities regulators will announce Thursday a major enforcement action involving auction rate securities, the Securities and...

2 weeks ago from USA Today

More-articles

Auction Rate Securities - Next Credit Crisis Chapter

Already struggling Wall Street firms, which are currently faced with billions in losses as a result of the current credit crisis, now have to contend with and account for a not entirely new problem, auction-rate securities or ARS. Auction...

2 weeks ago from iStockAnalyst

UBS Goes The Extra Mile

Market Scan Vidya Ram, 08.08.08, 9:35 AM ET LONDON - A day after Merrill Lynch and Citigroup said they would pay billions to settle claims of improperly selling auction-rate securities to their clients, UBS is going one step...

2 weeks ago from Forbes

Report: UBS next big bank to strike auction-rate deal

2 weeks ago from Houston Chronicle

Dick Bove: Citigroup’s Auction Rate Settlement “No Good”

2 weeks ago from FOX Business

$7B auction-securities buyback, $100M fine for Citi

2 weeks ago from New York Newsday

See all

Blog-posts

2 Banks Buying Back $17 Billion in Securities

Two major Wall Street firms on Thursday offered to buy back more than $17 billion of troubled auction-rate securities that they had marketed as being as safe and liquid as cash, moving quickly to contain the legal fallout from the credit...

2 weeks ago from NYT: Dealbook

Connections

Securities and Exchange Commission

Bank of America

Thomson Reuters

Quoted

This settlement in...

We are pleased...

Citigroup marketed and...

This settlement in principle is an outstanding example of federal and state regulatory cooperation for the benefit of investors and markets...

Linda Chatman Thomsen said this in:

Citigroup to buy back tainted securities

2 weeks ago from Malaysia Sun