Economy Dec 18 Chrysler, Ford Announce Plans to Shutter Plants Chrysler LLC is closing all 30 North American manufacturing plants for at least a month, the company's latest cost-cutting move as the big three auto makers struggle to stay afloat while waiting for a government decision on aid to the…
Economy Dec 17 OPEC Agrees to Record Output Cut to Combat Falling Oil Prices Oil prices fell to their lowest level in four years Wednesday, despite news that the Organization of the Petroleum Exporting Countries agreed to a larger-than-expected oil production cut of 2.2 million barrels per day.
Economy Dec 17 SEC Chief Rebukes Own Agency in Madoff Case The Securities and Exchange Commission issued an unusual rebuke of its own regulators Tuesday night over its failure to investigate Wall Street money manager Bernard Madoff, now accused of widespread fraud that bilked investors of billions.
Nation Dec 17 British Troops to Withdraw From Iraq by Mid-2009 British Prime Minister Gordon Brown announced Wednesday that British troops will withdraw from Iraq by the end of July 2009, ending a mission that that provided the second-largest military presence in the country after the U.S.
Economy Dec 16 Federal Reserve Cuts Key Rate to Record Low The Federal Reserve cut a key interest rate to an all-time low target range of zero to 0.25 percent Tuesday in an effort to fight the deepening recession.
Politics Dec 16 New South African Political Party Names Leader South Africa's new Congress of the People party named former defense minister Mosiuoa Lekota as its leader Tuesday and said it would challenge the ruling African National Congress in March's general elections.
Politics Dec 15 Bush Wraps up War Zone Visits Marred by Shoe Incident President Bush has wrapped up a final surprise visit to the war zones of Iraq and Afghanistan to tout recent gains in the region, but the contentious nature of his valedictory trip was highlighted by an Iraqi reporter's shoe-throwing outburst.
Science Dec 12 EU Energy Deal Boosts U.N. Climate Talks Leaders of the European Union Friday announced a climate and energy package aimed at reducing greenhouse gas emissions by 2020.
World Dec 12 Pakistan Cracks Down on Islamic Charity as Mumbai Probe Grows Pakistan closed offices and arrested activists from an Islamic charity believed to be a front for a militant group, officials said Friday, as international pressure grew for increased action against militants blamed for the Mumbai, India, attacks.
Politics Dec 12 Profile: Robert Mugabe Robert Mugabe, long-time leader of Zimbabwe, was hailed as a hero during his country's liberation from the UK, but has since maintained power in controversial elections and garnered international criticism for how he is running the African nation.