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years. his legacy blemished by jerry sandusky. dozens of penn state students rally outside coach paterno's home late last night helping to save his job. on friday, the penn state board of trustees is going to set up a special committee to investigate sandusky. prosecutors say he molested eight boys. paterno is not accused of anything illegal. but he went to university officials, not to the police in 2002 when a witness told hill he saw sandusky sod miomize him ine showers. early trading right now, down 251 points. new worries that italy may next be in line for a bail out are drivin...

almost 3% of market's valleys. the standard & poor's index down more. nearly 4%. alison kosik live with the latest. what's driving this? >> reporter: we saw the sell-off pick up steam on wall street after a report a eurozone official said they have no plans to givotly a financial rescue package, financial assistance may not be in the cards for italy. the thinking, it will could be too big to bail out. the fact it's solvent but drowns in $2.5 trillion in debt. its economy more than twice as big as greece, portugal and ireland when you put them altogether. a bail xwout could cost clear...

i'm erin burnett. out front tonight, herman cain. the gop frontrunner fighting back against allegations of sexual harassment. >> i absolutely reject, they simply didn't happen. they simply did not happen. >> four women have now accused of gop candidate of inappropriate behavior and we now know the identity of two. just hours ago, we learned more about another accuser, her name is karen, director of communications at the treasury department and according to a friend, she called cain a quote/unquote monster. this is the woman whose lawyer told the nation on friday that his client did n...

i'm erin burnett. "outfront" tonight, herman cain, the gop frontrunner fighting back against allegations of sexual harassment. >> i absolutely reject. they simply didn't happen. they simply did not happen. >> four women have now accused the gop candidate of inappropriate behavior and we now know the identity of two. just hours ago, we learned more about another accuser, her name is karen kraushaar, director of communications at the treasury department and according to a friend, she called cain a quote/unquote monster. this is the woman whose lawyer told the nation on friday that his ...

With speeds up to 10x faster than 3g. ♪ with speeds up to 10x faster than 3g. what are these guys doing? [ horn honks ] could you please not honk while this guy's telling me about his chevy volt? is that that new... is that the electric car? yeah. but it takes gas too. ask him how much he spends on gas. how much does he spend on gas? how much do you spend on gas? how much do i spend on gas? if i charge regularly, i fill up like once a month. he only has to fill up about once a month.