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House Democrat looking at market rescue plan  WASHINGTON -- The turmoil on Wall Street is prompting a key congressional Democrat to consider a broad federal market rescue that could include creating a new government entity to take over collapsed financial institutions and sell off their assets, as lawmakers did during the 1980s savings and loan crisis.

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cci��n Washington Mutual sube por rumores de compra -  Las acciones de Washington Mutual Inc sub��an el martes un 10 por ciento, luego de un reporte que indic�� que el conglomerado financiero JPMorgan Chase & Co estaba en conversaciones para comprar a la complicada entidad estadounidense de ahorro y pr��stamo.

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Six Major Powers To Meet In Washington Friday Over Iran  RTTNews - The U.S. State Department announced Tuesday a new meeting of the five permanent members of the U.N. Security Council plus Germany has been set for Friday in Washington over Iran's controversial nuclear program, media reports said.

Washington Mutual Hobbled By Increasing Defaults on Option ARMs  Sept. 15 -- Washington Mutual Inc. , the thrift that lost 92 percent of market value in the past year, is being dragged down by a mortgage product once hailed by former Chief Executive Officer Kerry Killinger as a boost to profit.

Washington Mutual cut to junk by S&P   Washington Mutual Inc , was downgraded to "junk" status on Monday by Standard & Poor's amid concern about mortgage losses, causing shares of the largest U.S. savings and loan to slide after-hours following a 27 percent plunge in regular trading.

Homes sale down but steady  The real estate market in Lake Havasu City is still showing signs of improvement, albeit rather slowly. Although figures are still down from 2007, Lori Doerfler, President of the Lake Havasu City Association of Realtors, said things look to be leveling out.

Look for stocks ready to grow  A key to successful investing is spotting winners early, so Kiplinger reports on things to watch for. Among them are out-of-favor blue chips, such as Target TGT, whose stock has been down lately. But because Target's fundamentals are sound, Kiplinger expects the stock to double as the economy improves. Other things to look for are sound companies in distressed industries, such as American ...

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Washington Mutual Stock Rises; Merger Talk Disputed  WASHINGTON Reuters via COMTEX -- Shares of Washington Mutual Inc were 14 percent higher on Tuesday after a report that JPMorgan Chase & Co was in talks to acquire the troubled Seattle-based thrift.

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Galveston Institutes 'Look & See' Policy  GALVESTON -- Galveston residents and business owners who have been desperate to see what they have left can go back to the island city for a look, KPRC Local 2 reported Tuesday.

S&P cuts Washington Mutual credit rating to junk   Standard & Poor's on Monday cut its ratings on Washington Mutual Inc into junk territory, citing exposures the bank has to bad mortgage debt and volatile markets.