Hurricane Gustav loses strength as it hits shore

Date: Mon, 01 Sep 2008 12:03:15 -0400
Hurricane Gustav loses strength as it hits shore

Hurricane Gustav is reduced to a Category 2 storm as it approaches the
Louisiana coastline -- potentially sparing the city of New Orleans from
severe damage -- but concerns remain as to what the swirling mass of
wind and water might do to communities west of the Big Easy.

Futures Movers: Oil extends losses as Hurricane Gustav approaches

Oil futures extended losses in electronic trading Monday as the eye of
Hurricane Gustav neared the Louisiana coast.

McCain has to rethink GOP strategy

The events on the Gulf Coast are forcing Sen. John McCain to rethink his
strategy for the Republican National Convention, but the GOP's standard
bearer still will have many of the same hurdles to cross.

Currencies: British pound plunges on Darling's weak outlook

The beleaguered British pound accelerated its recent fall, plunging 1.3%
against the U.S. dollar to a level last seen in April 2006 after U.K.
Chancellor of the Exchequer said the economic environment is the most
difficult in 60 years.

Japan Prime Minister Fukuda announces resignation

Japanese Prime Minister Yasuo Fukuda unexpectedly announces his
resignation Monday after less than a year in office.