Reuters - The U.S. government plans to takeover Fannie Mae and Freddie Mac and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday.

AFP - British boxer Amir Khan lost his unbeaten record in a shock first round knockout defeat as Breidis Prescott claimed the WBO Intercontinental lightweight title here on Saturday.

AP - A Republican lawmaker wants the Democrat overseeing an investigation into Gov. Sarah Palin's dismissal of her public safety commissioner removed because he seems intent on damaging her vice presidential candidacy.

AP - Hurricane Ike grew to fierce Category 4 strength Saturday as it roared on an uncertain path that forced millions from the Caribbean to Florida, and Louisiana to Mexico, to nervously wonder where it would eventually strike.