The White House said Thursday that the U.S. will scrap a European missile shield proposed by the Bush administration to thwart the threat of an attack from Iran. Analysts weigh in on the decision.

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In other news, White House economic advisers reported Thursday that stimulus efforts have already created or saved more than 1 million jobs. Also, the Labor Department reported that first time unemployment claims fell last week.

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In other news, a Mexican airliner with 112 passengers on board was hijacked Wednesday, and British troops rescued a New York Times reporter in Afghanistan.

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In other news, stocks in the U.S. were hit by fears about additional bank failures, and Iran signaled it may be ready to restart talks over its disputed nuclear program.

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Iran has showed some signs of cooperation in slowing its uranium enrichment activity but indicators continue to point toward a covert nuclear weapon program, according to a report released Friday by the U.N. nuclear watchdog.

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In other news, two U.S. soldiers died Friday in Iraq from wounds sustained in a roadside bomb attack, and a new report from the U.N. shows that Iran has not suspended its nuclear weapons program.

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With protesters chanting "death to the dictator" and extra police deployed around the parliament building, Iran's President Mahmoud Ahmadinejad was sworn in for a second term in office Wednesday.

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In other news, Secretary of State Hillary Clinton spent the first day of her seven-nation African tour calling for improved accountability in Kenya, and Iranian President Mahmoud Ahmadinejad was sworn into office for a second term.

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In other news, Iranian officials confirmed they have arrested three Americans for allegedly crossing the nation's border illegally, and the full Senate moved to debate the nomination of Sonia Sotomayor to the Supreme Court.

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Political unrest continued in Iran Monday as the government pressed ahead with a mass trial of opposition supporters and President Ahmadinejad was endorsed by the supreme leader.

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