Rebel News - Independent News and Analysis

US stocks have closed broadly lower, with the Dow Jones closing below 10,000 for the first time since November 4 last year.

The Dow Jones Industrial Average lost 104 points on Monday as the Nasdaq tumbled 15 and the S&P 500 slid 9 amid fears of global rate hikes and euro zone's sovereign debt troubles.

Toyota has issued a recall of its flagship Prius hybrid, along with two other hybrid models in Japan, for braking problems.

The car giant informed Japan's transport ministry about the Prius 2010 model recall on Tuesday and was to disclose details later in the day about its global plans for a fix, including possible plans for a similar recall in the US - the company's largest market.

Toyota looks set to inform Japan's transport ministry that it will recall its Prius flagship hybrid on Tuesday, according to Japanese media.

Expectation has been building since last week that it would recall nearly 300,000 units of its Prius model and Japanese broadcaster NHK said the company would submit its recall plan to the government on Tuesday.

The death toll from a massive explosion in the Connecticut power plant rises to five as rescuers continue scouring the rubble in search of more survivors or bodies.

A huge blast of a gas pipeline hit the 620-megawatt Kleen Energy plant in Middletown on Sunday, broke the windows of nearby residential buildings and was felt as far as 15 miles (24 kilometers) away.

At least two people have been killed in a massive explosion at a power plant in the state of Connecticut on Sunday, with the number of fatalities expected to rise, police say.

"The death of two people have been confirmed," admitted the Middletown police Sgt. Chuck Jacobucci, "but the search is still going on for more people possibly dead or injured in the aftermath of the gas line big blast," reported CNN.

A massive explosion at a gas pipeline at a power plant in Middletown, Connecticut has left several people injured.

The huge explosion occurred on Sunday at the Kleen Energy plant in Middletown, Reuters reported.

Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US 'inevitable' default suit. Outspoken investor and writer Marc Faber doesnt give America much time before it goes bust.

New Yorks attorney general filed fraud charges against Bank of America, its former CEO Ken Lewis and CFO Joseph Price alleging that they conspired to mislead shareholders and federal regulators about the decrepit state of Merrill Lynch before Bank of America acquired the bank in the fall of 2008. Immediately after the acquisition, Bank of America suddenly unveiled something approaching the true condition of Merrill, which necessitated a $20 billion bailout by taxpayers.