Stocks dive...Big Three told to come up with plan...AP cuts

LONDON (AP) World stocks have continued their deep swoon, with the Dow diving another 445 points today. The latest Wall Street selloff followed a dismal day in European trading. oil prices dropped to their lowest level in more than three years.

Washington (AP) Congressional Democrats say the Detroit auto giants will have to come up with a good rebuilding plan to justify the $25-billion federal rescue they want. If they do, lawmakers say they'll reconsider the package next month in a second lame-duck session.

NEW YORK (AP) The Associated Press says it's going to trim 10 percent of its work force over the next year. CEO Tom Curley says the declining economy and a reduction in fees paid by member newspapers are taking their toll.

PHILADELPHIA (AP) A federal appeals court says parents cannot sue school districts to force them to comply with the No Child Left Behind Act. The ruling comes in a case filed by parents against the low-performing public schools in Newark, New Jersey.

CAPE CANAVERAL, Fla. (AP) Spacewalking astronauts have performed more repair work on a jammed joint on a solar wing at the international space station. They managed to keep a tight grip on all their tools today after a mishap on an earlier walk that sent a tool bag floating off into space.

(Copyright 2008 by The Associated Press. All Rights Reserved.) APNP 11-20-08 1857CST | save this article / add to your favorites list