gadhafi. they say they are on the verge of taking the port city of sirte. a spade of killings at a port on the mekong river has interrupted cargo trade between children that and thailand. at least 12 sailors were murdered in what may have been a drug traffic attempt. investigations are continuing. severe weather in new zealand is hampering efforts to corn taken an oil spill off the country s north eye land. authorities are trying to pump the remaining oil off a ship that struck a reef last wednesday. 30 tons of oil has leaked from the vessel. those are the headlines from cnn, the world s news leader. i m monita rajpal. world business today starts right now. good morning from cnn london, i m charles hod southern. and good afternoon from cnn hong kong, i m andrew stevens. welcome to world business today. the top stories monday, october 10th. bell jen bank agrees to its bailout. are more bank rescues on the way? and weather hampers efforts to contain an oil spill
happy birthday. sweet, right? except elvis was born in january. he died on this day on august 16th, 1977. plus, check this out. the group swarms into a maryland convenience store and robs it in a stunning blur. it is the latest example of crime by flash mob. and we ll talk live tonight to the police chief now hoping the same tools used to organize the outrages help him round up the thiefs. let s begin, though, in iowa, center stage in american politics at the moment. president obama is there and he sat down today with cnn s wolf blitzer. on the critical issue of jobs the president complained the partisan gridlock here in washington is blocking progress, but he also conceded his re-election is at risk if things don t get better soon. ultimately the buck stops with me. i m going to be accountable. i think people understand that a lot of these problems were decades in the making. people understand that this financial crisis was the worst since the great depression, but u