Joe Torre will be the new manager of the Los Angeles Dodgers Major League Baseball franchise, according to a team announcement on Thursday. Torre had been manager of the New York Yankees since 1996.
Grady Little had been the Dodgers manager until Tuesday when he resigned from the team with one year remaining on his three-year contract.
Sources
S&P CNX Nifty, the leading index for large companies on the National Stock Exchange of India, reached a historic high of 6000 points before dropping by Thursday's closing to 5,866.45 points.
The recent successes in India stock markets raised concerns that stocks are being valued too highly, causing an economic bubble that could be subject to correction.
Sources
Writers for American film and television productions are scheduled to walk off the job Monday leaving entertainment programming struggling for scripts. The Writers Guild of America is demanding that their members receive payments for "new media" distribution of their works such as Internet downloads.
The union's contract expired on Wednesday. Production of many television series and films will continue in the short term because of scripts that are already written. However, a strike will have an immediate impact on talk shows whose writing relies on current events. The last strike by the Writers Guild in 1988 lasted nearly half a year.
Sources

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Wikinews Shorts: November 2, 2007