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Gunmen in Mumbai are thought to still be holding a number of foreign hostages. Indian commandos have been trading fire with the attackers. On Wednesday, gunmen armed with assault rifles and grenades fanned out across Mumbai and attacked popular tourist sites, including the city's top two luxury hotels.

Conor Oberst says he's not deliberately thinking about fleeing home — but it keeps coming up in his songs. He's written about a road trip, the healing powers of the road and escape. For his latest album, which is self-titled, he recorded on the grounds of a vacant hotel in Mexico.

Michael Lewis, author of a new book called Panic: The Story of Modern Financial Insanity, contends the current Wall Street slump will have some healthy long-term effects, including more moderate financial risk-taking and more proportionate rewards for CEOs.

Myron Rolle, the starting strong safety for the Florida State Seminoles, has been awarded the Rhodes scholarship to study at Oxford University. The pre-med student had to miss part of Saturday's game against Maryland because he was being interviewed for the scholarship.

With the economy continuing to sputter, president-elect Barack Obama has held a news conference to announce his economic team. He said they would get to work immediately to craft an economic stimulus package big enough to jump-start the economy.

Citigroup stock has moved higher after the government announced a second effort to shore up confidence in the troubled bank. The Treasury Department will backstop the company's bad assets while providing an additional $20 billion in emergency loans.

Sen. Hillary Clinton has agreed to be President-elect Obama's nominee for secretary of state; New York Fed chief Timothy Geithner is in line to be treasury secretary; and New Mexico Gov. Bill Richardson is up for the top job at Commerce.

In the last days of the presidential campaign, William Ayers became the focus of attacks against Barack Obama. Ayers, a former member of the radical antiwar group the Weather Underground, talks about the extent of his association with the president-elect and why he remained silent during the campaign.

Ann Leary's new book is about a woman whose husband (a TV star) may be cheating on her. In real life, Leary is the wife of comedian and actor Denis Leary. She says that while the main character bears a resemblance to her, the book is not entirely based on fact.

President-elect Barack Obama's top choice for U.S. attorney general seems to be Eric Holder. Holder was the No. 2 official in the Justice Department under President Clinton. The Obama team says no final decision has been made.