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.
Citigroup's options dwindle; shares plunge
Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses.
Bob Jones Univ. apologizes for racist policies
A fundamentalist Christian University has apologized for racist policies including a one-time ban on interracial dating that wasn't lifted until nine years ago and its unwillingness to admit black students until 1971.
Pentagon bans computer flash drives
The Pentagon has banned, at least temporarily, the use of external computer flash drives because of a virus threat officials detected on Defense Department networks.
Mexico: Ex-drug czar took cartel money
Mexico's former drug czar took $450,000 to leak information to a powerful cartel, officials said Friday.
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.
Obama makes key Cabinet picks
Several key appointments, including State and Treasury Department secretaries appear to be nearly-done deals, with Democratic officials confirming President-elect Barack Obama's intended nominees.
Hundreds wait at stores for BlackBerry Storm
Hundreds of people lined up at Verizon Wireless stores on Friday to buy the BlackBerry Storm, the first touch-screen phone from Research In Motion that aims to compete with Apple's iPhone.
Stocks jump on Geithner speculation
Wall Street put a stop to a terrifying decline and stormed higher as President-elect Obama appeared ready to tap the chief of the N.Y. Federal Reserve as the next treasury secretary.
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.
