CNN.com Monday, March 03, 2008

Stocks looked set to kick off the first trading day of March on a downbeat note, as worries about the slowing economy and weak dollar continued to stalk investors. CNNMoney.com reports economic concerns and worries about the health of the financial sector sent stocks sharply lower Friday.

The United States on Monday used precision missiles to strike a "known terrorist target" in southern Somalia, a U.S. military official said.

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Computers captured from a deceased rebel leader document "tremendously revealing" and "very grave" links between Ecuador and Colombian rebels, Colombia's director of national police said. His comments came after Ecuador and Venezuela rushed troops toward their borders with Colombia after that country's cross-border raid on FARC rebels.

Iranian President Mahmoud Ahmadinejad, heading home from Iraq after a two-day visit, again touted the closer relations between Iraq and Iran and reiterated his criticism of the United States.

New sentencing guidelines are expected to lead today to the early release of more than a dozen federal inmates convicted on crack-cocaine charges. About 1,600 federal inmates are eligible to ask a court to reduce their sentences because of a decision to make retroactive reduced terms for some crack-related convictions.

Sens. Hillary Clinton and Barack Obama tried to convince Ohio voters they have what it takes to fix the economy as they campaigned before contests that could decide the Democratic presidential nomination.

The Israeli military is ending offensive operations and withdrawing most of its troops from Gaza after five days of attacks, an Israel Defense Forces spokesman said Monday.

Battling blustery weather, a Lufthansa Airlines flight scraped its wing on the ground during a landing attempt in Hamburg, Germany over the weekend, an airline spokesman said Monday.

With preliminary results showing he would likely win Sunday's presidential election by a landslide, Dmitry Medvedev vowed to work closely with the man who tapped him for the job, President Vladimir Putin.