MLC FLASH NEWS

RENO, Nevada (Reuters) - White House contenders Barack Obama and John McCain sought to persuade skeptical Americans on Tuesday to back a $700 billion Wall Street bailout package and planned to be in Washington on Wednesday to vote on the measure.

RENO, Nevada (Reuters) - White House contenders Barack Obama and John McCain called on Tuesday for urgent efforts to revive a $700 billion financial bailout, warning of catastrophe for ordinary Americans if Congress fails to act.

RENO, Nevada (Reuters) - Presidential candidate Barack Obama urged lawmakers on Tuesday to return to the negotiating table to work on a financial rescue deal and offered a new proposal he said could help attract support.

NEW YORK (Reuters) - Bank rescues spread in Europe on Tuesday and President George W. Bush gave assurances that a $700 billion bailout plan for the financial sector was not dead, giving markets around the world a boost.

NEW YORK (Reuters) - The Dow industrials plunged on Monday in their biggest decline ever after U.S. lawmakers unexpectedly rejected a $700 billion financial bailout, spooking investors who fear for the future of global markets and the U.S. economy.

WASHINGTON (Reuters) - Consumers facing rising unemployment kept their spending unchanged in August even though incomes rose, according to a government report Monday that showed optimism about the economy’s direction was fading.

WASHINGTON (Reuters) - The House of Representatives voted on Monday to begin debate on legislation for a financial markets rescue plan, clearing the way for a final vote on the measure later in the day that would send it to the Senate.

NEW YORK (Reuters) - Stocks tumbled on Monday as investors worried about the stability of the banking sector after Wachovia Corp became the latest major U.S. bank to succumb to fallout from the credit crisis.

JERUSALEM (Reuters) - Israel should withdraw from nearly all territory captured in the 1967 Middle East war in return for peace with the Palestinians and Syria, Prime Minister Ehud Olmert was quoted on Monday as telling a newspaper.

WASHINGTON/BRUSSELS (Reuters) - A swathe of bank rescue deals took shape around Europe on Monday and fear gripped financial markets before a U.S. lawmaker vote to push through a $700 billion fund to deal with toxic debt.