Deflation poses new economic threat
Strapped consumers are rejoicing at falling prices. But some economists warn of the growing risk of a ruinous downward price spiral called deflation. Here's what's at stake.
GM plans more cuts, eyes up to 10 factories
General Motors Corp. will extend its holiday shutdown or make other production cuts at up to 10 factories as it deals with a continued U.S. auto sales slump and fights to stay solvent.
WaMu, BNY Mellon latest banks to shed jobs
The Bank of New York Mellon Corp. and Washington Mutual on Friday became the latest in a string of banks to announce layoffs.
Bush effigy burned at Iraq protest
Followers of a Shiite cleric on Friday stomped on and burned an effigy of President Bush in Baghdad as they protested a proposed U.S.-Iraqi security pact on Friday.
Sexism award goes to 'ugly ducklings' mayor
An Australian outback mayor's plea for lovelorn female "ugly ducklings" to move to a remote mining town to reverse a shortage of eligible women has won him the country's yearly award for outrageous sexism.
Blast kills 8 mourners at Pakistani funeral
A blast killed at least six mourners Friday at the funeral of a Shiite cleric in northwest Pakistan who was gunned down hours earlier, police said.
Report predicts U.S. decline, Russia rise
Global warming could be a boon to Russia while the U.S. could further decline in importance during the next two decades, says a U.S. intelligence report with predictions for the world in 2025.
Bush to promote action plan to deal with crisis
Struggling to get ahead of a global financial crisis, the president hopes to win more converts at a summit in Peru for a plan aimed at showing governments have the will and means to halt the turmoil.
Madonna, Ritchie granted divorce
The show-business marriage that began in a Scottish castle came to an end in a drab London courtroom Friday as Madonna and Guy Ritchie were granted a preliminary decree of divorce.
Neb. lawmakers OK 'safe haven' age limit
Nebraska lawmakers gave final approval Friday to adding a 30-day age limit to the state's "safe haven" law.
