AP - Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark as the fate of Detroit's Big Three automakers amid a slumping economy disheartened investors.

AP - Associates of Sen. Hillary Rodham Clinton said Wednesday the former first lady is weighing whether to leave the Senate and become secretary of state in the Obama administration, a job they say she believes is hers if she wants it.

AP - Al-Qaida's No. 2 leader used a racial epithet to insult Barack Obama in a message posted Wednesday, describing the president-elect in demeaning terms that imply he does the bidding of whites. The message appeared chiefly aimed at persuading Muslims and Arabs that Obama does not represent a change in U.S. policies.

AP - Former Senate Majority Leader Tom Daschle has accepted President-elect Barack Obama's offer to be Secretary of Health and Human Services, Democratic officials said Wednesday. The appointment has not been announced, but these officials said the job is Daschle's, barring an unforeseen problem as Obama's team reviews the background of the South Dakota Democrat.

AP - Mike Huckabee wouldn't rule out a 2012 run for president Wednesday, but he acknowledged it could be hard to take back the spotlight from fellow Republican Sarah Palin. "I'm not ruling anything out for the future, but I'm not making any specific plans," Huckabee told reporters at a briefing to promote his new book, "Do the Right Thing."

AP - A 30-day age limit in the Nebraska safe-haven law appears headed for final approval. The state Legislature voted 41-6 Wednesday to give second-round approval to the limit. A final vote is expected Friday and then the bill will go to Gov. Dave Heineman, who has said he would support a 30-day age limit.

AP - Israeli archaeologists excavating what they believe is the tomb of biblical King Herod said Wednesday they have unearthed lavish Roman-style wall paintings of a kind previously unseen in the Middle East and signs of a regal two-story mausoleum, bolstering their conviction that the Jewish monarch was buried here.

AP - Winona Ryder was briefly hospitalized after falling ill on a flight to London's Heathrow Airport on Wednesday, her publicist said. Mara Buxbaum said the 37-year-old actress was taken to a west London hospital "as a precaution" and had been released.

AP - The Kansas City Royals picked up the leadoff hitter they had been seeking, acquiring center fielder Coco Crisp from the Boston Red Sox for reliever Ramon Ramirez on Wednesday. Kansas City was 12th among 14 AL teams in runs last season and added power last month, obtaining first baseman Mike Jacobs from Florida.

Reuters - U.S. auto executives went to Capitol Hill for a second day on Wednesday to argue their case for $25 billion in aid as legislators proposed changes to help a bailout pass Congressional and White House muster.

Reuters - Federal Reserve officials slashed economic growth forecasts through 2009 and some believed even deeper interest rate cuts may be needed if growth slows further, minutes of their October policy meeting show.

Reuters - President-elect Barack Obama has chosen Tom Daschle, a key early supporter and savvy former U.S. Senate leader, as his top official to overhaul the U.S. healthcare system, two Democratic sources said on Wednesday.

Reuters - Shares of JPMorgan Chase & Co , Citigroup Inc and Bank of America Corp tumbled to multiyear lows on Wednesday on expectations that deteriorating credit conditions and a contracting economy will weigh heavily on the three largest U.S. banks.

Reuters - Consumer prices fell at a record pace in October and new-home building slumped to fresh lows, according to government reports on Wednesday that suggested the economy likely is already in a recession that may be long and deep.

Reuters - Former U.S. President Bill Clinton has offered to allow ethics reviews of future business and charitable activities should his wife be picked by President-elect Barack Obama as secretary of state, Democrats familiar with the issue said on Wednesday.

Reuters - The U.S. Department of Housing and Urban Development will loosen terms of its foreclosure-prevention effort so that the program, meant to backstop $300 billion in home loans, can be more effective, the agency said on Wednesday.

Reuters - Al Qaeda's deputy leader accused Barack Obama of betraying his race and his father's Muslim heritage on Wednesday and urged more attacks, as the group tried to counter the incoming U.S. president's global popularity.

AFP - An Indian warship destroyed a pirate "mother vessel" in the Gulf of Aden, the navy said Wednesday, as bandits demanded a ransom for a Saudi super-tanker seized in the most daring sea raid yet.

AFP - Al-Qaeda number two Ayman Zawahiri ridiculed US president-elect Barack Obama as a "house negro" and warned him against sending more troops to Afghanistan, in an Internet audio message released on Wednesday.