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.

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.

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.

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.

Obama team springs leaks

Barack Obama was famously able to impose discipline and control over his presidential campaign, but it didn't take long for him to discover that running a transition is something quite different.

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.

Report: Teen commits suicide online

Authorities say a South Florida teen committed suicide in front of a live online Webcam audience after blogging about his plan to kill himself.

Stocks turn higher on Geithner nomination
Stocks turned higher after NBC News reported that New York Federal Reserve President Timothy Geithner will be nominated as President-elect Barack Obama's Treasury Secretary.

GM plans more cuts, eyes up to 10 factories
General Motors Corp. will extend its holiday shutdown or make other production cuts at five factories at as it deals with a continued U.S. auto sales slump and fights to stay solvent.