UNITED STATES

President Hugo Chavez crashed to an unprecedented vote defeat on Monday as Venezuelans rejected his bid to run for reelection indefinitely and accelerate his socialist revolution in the OPEC nation.

Wall Street's rebound from its first full-fledged correction in more than four years could continue this week if investors believe a plan to keep millions of Americans from losing their homes can work.

Oil bounced back above $89 a barrel on Monday as traders bet last week's nearly $10 selloff was overdone, and might turn the tides against an expected increase in OPEC output when the cartel meets later this week.

Asian stock markets mostly rose on Monday as financial shares extended gains on hopes of further U.S. interest rate cuts, but some technology stocks eased after Dell Inc's disappointing outlook.

OPEC will weigh a modest boost to oil supply at a meeting on Wednesday, but a $10 retreat last week in crude prices from a record high near $100 a barrel could tip the balance away from pumping more.

Venezuelan President Hugo Chavez appeared headed for a narrow win on Sunday in a referendum on scrapping term limits on his rule, government officials said, but opposition leaders said the vote was too close to call.

Google announced on Friday it will place a $4.6 billion bid for a portion of the 700MHz wireless spectrum up for grabs in a Federal Communications Commission auction to take place in January.

Washington said alleged that China turned down the request from U.S. Navy ship to visit Hong Kong on the last minute, blocking the Navy by the Kitty Hawk as well as accompanying U.S. ships away from Hong Kong territory during the Thanksgiving holiday.

The season for the Atlantic hurricanes lasted six months, with four storms, surpassing the ten presumed by the forecasts, each one of them receiving its own name.

A pair of security researchers have found a way to hack the Second Life virtual world and take unsuspecting e-citizens virtual money, according to one reporter's weblog.

The Dow and S&P 500 rose on Friday, capping a dismal November with a four-day rally, as financial stocks rallied on optimism over a proposed rescue for struggling homeowners and on heightened expectations for more interest-rate cuts.

Google announced on Friday it will place a $4.6 billion bid for a portion of the 700MHz wireless spectrum up for grabs in a Federal Communications Commission auction to take place in January.

Evel Knievel, known for his famous motorcycle stunt jumps over buses and canyons in the 1970s, died on Friday. He was 69.

Dell, the world’s second-largest personal-computer maker, decreased $3.80 to $24.33, being viewed as the biggest drag on the S&P 500.

China turned down another request for a U.S Navy ship to visit Hong Kong amid

Apple will unveil a faster iPhone with 3G cell phone technology in 2008, AT&T's CEO said, a move that would give users a better browsing experience but would not be available in time for holiday shoppers.

Consumer spending inched up by an unexpectedly small 0.2 percent last month and construction spending tumbled, according to reports on Friday that heightened concerns on the health of the economy.

A man claiming to have a bomb walked into Hillary Rodham Clinton's storefront campaign office Friday and took at least two hostages, police and witnesses said.

Turkey's prime minister said on Friday his cabinet had authorized the armed forces to conduct a cross-border operation against Kurdish PKK rebels in northern Iraq, but analysts said major action did not appear imminent.

The dollar rallied against major currencies on Thursday after the Federal Reserve Bank’s chief indicated he was open to further rate cuts to combat a downturn in the U.S. economy.

Oil fell to a one-month low on Friday on ahead of an OPEC meeting next week where countries will decide about oil output.