Wednesday, October 15th 2008 8:29 PM

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BUSINESS HEADLINES
Fed: Economy sinks deeper into rut (AP)

The US Federal Reserve in Washington, DC. The United States has slipped into recession, the head of the San Francisco branch of the central bank has said.(AFP/File/Karen Bleier)AP - The country has sunk deeper into an economic rut, the Federal Reserve reported Wednesday, reflecting mounting damage from the financial and credit crises.


Retail sales plunge 1.2 percent in September (AP)

American flags flutter in the wind over the sign splashed across the windshield of a an unsold used 2005 Subaru Legacy sedan at a Mazda dealership in the west Denver suburb of Lakewood, Colo., on Sunday, Sept. 28, 2008. Retail sales fell off a cliff in September, plunging by the largest amount in three years as worried consumers shunned the malls and auto showrooms in the midst of the country's financial meltdown. (AP Photo/David Zalubowski)AP - Retail sales fell off a cliff in September, plunging by the largest amount in three years as worried consumers shunned the malls and auto showrooms in the midst of the country's financial meltdown.


August inventories up less than expected (AP)
AP - Businesses increased their inventories in August by the smallest amount in five months, a possible indication of concerns about the slowing economy.
SPORTS HEADLINES
Phillies swing away, Dodgers rest on off day (AP)

Philadelphia Phillies' Carlos Ruiz tries to catch a ball in the sun during baseball batting practice Tuesday, Oct. 14, 2008, in Los Angeles. The Phillies lead the Los Angeles Dodgers 3-1 in the National League championship series. (AP Photo/David J. Phillip)AP - Just one win from the World Series, the Phillies took their swings Tuesday during batting practice.


Rays switch to Kazmir in Game 5 against Red Sox (AP)

Tampa Bay Rays pitcher Scott Kazmir answers questions during a press conference before the team's practice for Game 5 of the American League baseball championship series against the Boston Red Sox in Boston, Wednesday, Oct. 15, 2008. Kazmir is scheduled to start Game 5. Tampa Bay leads the best-of-seven series 3-1 games. (AP Photo/Chris O'Meara)AP - The Tampa Bay Rays are giving Scott Kazmir the chance to pitch them into the World Series. The 24-year-old left-hander was moved up in the rotation so he could start in the potential AL pennant clincher against the Boston Red Sox on Thursday night at Fenway Park. The move keeps Kazmir on his regular rest and bumps scheduled starter James Shields to the if-necessary Game 6 at home Saturday.


NFL owners discuss potential spring exhibitions (AP)
AP - NFL owners discussed playing spring preseason games as part of a possible expansion of the regular-season schedule.
































































TOP LOCAL STORIES
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NATIONAL HEADLINES from ABC NEWS
Guard planes not yet equipped to fight wildfires (AP)

In this July 19, 2004 file photo, a C-130 air tanker drops a flame-retardant slurry on a wildfire in the hills above Sylmar, Calif. Despite pressure from elected officials and the military, the Bush administration has yet to outfit similar California Air National Guard cargo planes for firefighting — a delay that could have grave implications as the state confronts the worst of its wildfire season. (AP Photo/Gene Blevins, file)AP - Despite pressure from elected officials and the military, the Bush administration has yet to equip some California National Guard planes for firefighting — a delay that could have grave implications during the worst of the wildfire season.


Residents file back in as LA fire fears diminish (AP)

Minister Pedro Villarreal sits amongst the ruins of his library Wednesday, Oct. 15, 2008, which was destroyed by a wildfire at the Sky Terrace Mobile Lodge, in the Lake View Terrace section of Los Angeles. (AP Photo/Ric Francis)AP - Residents of the San Fernando Valley breathed air free of smoke and ash for the first time in four days Wednesday under brilliant blue skies.


One-time MLK lieutenant gets 15 years for incest (AP)

FILE** This undated photo provided by the Loudoun County Sheriff's Office shows James L. Bevel.  Bevel, 71, a top lieutenant to Martin Luther King Jr. who also helped organize the Million Man March,was sentenced Wednesday, Oct. 15, 2008,  to 15 years in prison for incest. He was convicted earlier this year of having sex 15 years ago with his then-teenage daughter in Virginia.        (AP Photo/ Courtesy Loudoun County Sheriffs Office)AP - A one-time top lieutenant to Martin Luther King Jr. was sentenced Wednesday to 15 years in prison for having sex more than a decade ago with his then-teenage daughter.


Law experts: Fla. conviction possible without body (AP)

This undated file photo released by the Orange County Sheriff's Office in Orlando, Fla. on Friday, July 18, 2008, shows Caylee Marie Anthony , 2,  who has been missing more than  four months.  On Tuesday, Oct. 14, 2008, a grand jury indicted Casey Anthony on a count of first-degree murder in the death of her daughter, Caylee. (AP Photo/Orange County Sheriff's Office, file)AP - Prosecutors have DNA tests and hair samples. They have testimony about "the smell of death" in the trunk of the suspect's car.


Nancy Reagan hospitalized with broken pelvis (AP)

In this Feb. 6, 2007 file photo, former first lady Nancy Reagan arrives at the 2007 Ronald Reagan Freedom Award gala dinner in Beverly Hills, Calif. Reagan spokeswoman Joanne Drake says the 87-year-old former first lady fell at her home and decided Monday, Oct. 13, 2008, to get checked out at Ronald Reagan UCLA Medical Center, where doctors determined she had a fractured pelvis. (AP Photo/Matt Sayles, File)AP - Nancy Reagan suffered a broken pelvis in a fall at her home and will be hospitalized for several days, her spokeswoman said Wednesday. The 87-year-old former first lady fell last week, spokeswoman Joanne Drake said. She did not seek immediate medical care but decided Monday to get checked out because of persistent pain, Drake said.