Page 39 - 5 7 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

saturday's nebraska game. that is part of the controversy. he said he's stepping down but not immediately, not until the end of the season. in a statement today he said -- paterno, who is the nearest thing to a secular saint in pennsylvania and hero to his players drew their praise today for his decision. >> i think as long as he's been here, he hasn't really ever made a wrong decision. he knows what he's doing. he's been doing it for so long. if he thinks it's best for the program, chances are it's going to be the best thing for the program. >> more and more as you'll see, people ha...

good morning, it's thursday, november 10th. this is your "a.m. wake-up call." i'm carol costello joining you live from new york this morning. >> the board of trustees have decided that effective immediately, dr. spannier is no longer president of the university. in addition, joe paterno is no longer the head football coach, effective immediately. these decisions were made after careful deliberations. and in the best interests of the university as a whole. >> this morning pen studen stat alumni and students are waking up for the first time in 46 years without paterno leading the nitta...

"outfront" tonight, u.s. markets fall big time. it was a miserable day on wall street. the dow down 389 points. nasdaq and s&p 500 fell by more than 3%. the markets' fear gauge sparked it. peter costas, a trader nearly 30 years, what happened today? >> well, there's a lot of uncertainty in europe. i think when the italian treasuries went over 7%, that scared a lot of people. if you're going to look at it, i am not negative on the market, today was a good day to buy, we will probably have a couple move intermittent dips. people are afraid with italy going through the debt crisis greec...

time for reporter roulette, we begin with jason carroll in university park, pennsylvania, with the joe paterno story. >> reporter: and don, an opportunity to speak to some of the players from the football team earlier this afternoon they told me they feel joe paterno made the right decision for the team, himself personally, also feel, don, he made the right decision for the university, have but having said that they are very sanded by the fact this man they looked up to for so many years to to retire in this type of way. why don't you listen to what they had to say about that. >> i t...

sensitive equipment and illegal immigration in the center of arizona history. you're in "the situation room." -- captions by vitac -- www.vitac.com we begin with the breaking news. political and financial chaos within the european union, sending fresh shock waves through wall street and world financial markets. stocks plunging in new york today on all three indices with the dow tumbling about 400 points amid a growing debt crisis in italy. and the third largest in europe. let's bring in our own financial expert, cnn's erin burnett, the host of erin burnett outfront. the markets tak...