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President Barack Obama said Wednesday the world's economic problems can only be solved through coordinated action. The comments were made in London, a day ahead of a meeting of the Group of 20 nations. On Wednesday, Obama met with Russia's president, the British prime minister and Queen Elizabeth II.

Bear Stearns traders and dealers have seen the value of their stock share plummet and their futures put in jeopardy. Marketplace's Janet Babin explains that Bear Stearns employees may try to find new jobs, but with a recession looming, it's not going to be easy to find work.

Chinese authorities blame the Dalai Lama for recent protests seeking independence for Tibet. But the Dalai Lama said Monday that he does not seek independence for Tibet — only true autonomy.

Israel's security cabinet declares Gaza an "enemy entity," paving the way for cuts in gas supplies into the already isolated coastal strip. These and other punitive measures are a bid to isolate Hamas in response to rocket fire aimed at southern Israel.

Voters in Texas go to the polls Tuesday in one of four primaries. However, the Lone Star state's contest is different than the others. Texas Democrats apportion their delegates according to voter turnout in previous elections — regardless of the turn out in this election.

Of all mammals, dogs have the greatest size diversity within their species. A large dog can be 80 times heavier than a small dog. A new study identifies a gene that may be responsible for these enormous size differences.

New Century, a subprime lender that was once the second-largest in the industry, has filed for bankruptcy. The company is joining the ranks of many other subprime lenders to crash and burn in the housing market downturn.

Almost two decades ago, the novelist faced an Iranian fatwa that called for his execution after The Satanic Verses was published. Today, he leads the normal life of a writer, and some critics say his latest novel should be a front-runner for the Man/Booker Prize.

President Bush announced plans Tuesday to pump billions of dollars in new capital into U.S. banks. The package follows similar steps by European governments announced Monday. In both cases, the moves will deepen government roles in the economy.

Former White House Press Secretary Scott McClellan insists his scathing memoir is not the work of a disgruntled ex-employee — as some of his old colleagues have argued — but an effort to tell the truth to help clean up Washington.