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WASHINGTON (Reuters) - The Federal Reserve on Tuesday said it would begin buying the short-term debt many companies use to fund their day-to-day operations, its latest emergency move to try to restore credit flows and protect the economy.

TEHRAN (Reuters) - A senior Iranian official denied on Tuesday a local news agency report that a U.S. military plane had violated the country's airspace and was forced to land, saying both the aircraft and the people on board were Hungarian.

NEW YORK (Reuters) - Countries scrambled to slow the growing global financial crisis on Tuesday and Wall Street braced for the day after a massive sell-off, nervous about corporate earnings and hoping Fed Chairman Ben Bernanke might offer a ray of hope.

TEHRAN (Reuters) - A senior Iranian official on Tuesday denied an Iranian news agency report that a U.S. military plane had violated the country's airspace, saying both the aircraft and the people on board were Hungarian.

TEHRAN (Reuters) - An Iranian news agency said on Tuesday that a U.S. military aircraft had unintentionally violated Iranian airspace and been forced to land in Iran, but later allowed to leave.

WASHINGTON (Reuters) - The Pentagon denied on Tuesday an Iranian news report that a U.S. military aircraft had violated Iranian territory and had been forced to land in Iran, saying all American planes were accounted for.

STOCKHOLM (Reuters) - Two Japanese scientists and a Tokyo-born American shared the 2008 Nobel Prize for physics for discoveries in sub-atomic particles, the prize committee said on Tuesday.

STOCKHOLM (Reuters) - Two Japanese scientists and a Tokyo-born American shared the 2008 Nobel Prize for Physics for discoveries in sub-atomic particles, the prize committee said on Tuesday.

STOCKHOLM (Reuters) - Two Japanese scientists and a Tokyo-born American shared the 2008 Nobel Prize for physics for their work in sub-atomic physics, the prize committee said on Tuesday.

SYDNEY/SINGAPORE (Reuters) - Australia stunned markets with its steepest interest cut in 16 years on Tuesday and investors expected that other central banks would follow suit in a coordinated move to combat the global credit crisis.

TOKYO (Reuters) - Three sumo wrestlers pleaded guilty to beating up a 17-year-old trainee who later died, Japanese media reported on Tuesday, the latest blow to the national sport hit by scandals from drugs to match-fixing.

LONDON (Reuters) - Iceland's financial authorities took over the country's second largest bank Tuesday and shares in some of Britain's biggest banking names tumbled, the latest victims of the global financial crisis.

LONDON (Reuters) - World stocks fell again on Tuesday and sterling hit a 2-1/2 year low after talk of government funding hit UK banks, erasing gains in the benchmark index made after Australia's surprisingly large interest rate cut.

LONDON/BEIJING (Reuters) - Western governments and central banks faced demands for coordinated action on Tuesday after Australia responded to the escalating global financial crisis by cutting its interest rates sharply.

LONDON/BEIJING (Reuters) - Investors looked to central banks and politicians on Tuesday to show they could contain an escalating financial crisis after Australia responded by cutting interest rates sharply.

CLEARWATER, Florida (Reuters) - Republican vice presidential nominee Sarah Palin told Florida's voters on Monday to expect "rough" campaigning as she seeks to halt a slide in opinion polls in a state that could make or break Sen. John McCain's White House bid.

HONG KONG (Reuters) - Asian stocks outside Japan rose for the first time in four days on Tuesday and the yen fell after a surprisingly large interest rate cut by Australia's central bank raised hopes that other policymakers would follow suit.

LOS ANGELES (Reuters) - The director of the White House war on drugs said on Monday that Internet videos that show people getting high pose a dangerous threat to teenagers by encouraging them to use drugs and alcohol.

BOSTON/PHILADELPHIA (Reuters) - Eli Lilly and Co has agreed to acquire ImClone Systems Inc for $6.5 billion, outbidding Bristol-Myers Squibb Co and potentially bringing to a close one of the most colorful corporate sagas in biotech history.

NEW YORK (Reuters) - Oil dropped $6 to below $88 a barrel on Monday on expectations the growing financial crisis will further slow already faltering global fuel demand.