AP - Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis.

AP - Hurricane Ike roared across Cuba on Monday, tearing off roofs and sending waves crashing into buildings, as 900,000 Cubans fled to shelters or higher ground and Havana residents in decaying historic buildings prepared for a direct hit.

AP - World stock markets soared Monday after Washington announced a bailout of mortgage giants Fannie Mae and Freddie Mac — a move that could help bolster a shaky U.S. housing market and renew global investor confidence.

AP - Georgia accused Russia on Monday of a "campaign of harassment and persecution" in its two separatist regions and called on the International Court of Justice to impose emergency measures to halt killings and forced expulsions.

Reuters - Missiles fired by U.S. drones killed 16 people, including Pakistani and Afghan Taliban fighters, on Monday in a strike targeting a religious school founded by an old friend of Osama bin Laden, intelligence officials and Pakistani villagers said.