U.S. Defense Secretary Chuck Hagel delivers the keynote address to the Association of U.S. Army annual meeting in Washington October 15, 2014.  REUTERS/Jonathan Ernst

Hagel to step down

WASHINGTON - Defense Secretary Chuck Hagel has resigned, a U.S. defense official said on Monday, adding that President Barack Obama had accepted his resignation.  Full Article 

Iran nuclear talks extended seven months after failing to meet deadline 9:56am EST

VIENNA - Iran and six powers failed for a second time this year on Monday to resolve their 12-year dispute over Tehran's nuclear ambitions and gave themselves seven more months to overcome the deadlock that has prevented them from clinching an historic deal.

Visitors look at a Tesla Model S car displayed on media day at the Paris Mondial de l'Automobile, October 2, 2014. REUTERS/Benoit Tessier

Tesla in talks with BMW over car batteries

FRANKFURT - Electric carmaker Tesla Motors is in talks with Germany's BMW over a possible collaboration in batteries and lightweight components, Tesla's Chief Executive Elon Musk told German weekly Der Spiegel.  Full Article 

South Buffalo resident Ron Jeblonski uses a snow blower to clear snow from his driveway in South Buffalo, New York, November 22, 2014.   REUTERS/Aaron Ingrao

Western New York braces for flooding

BUFFALO - The area around Buffalo, New York braced for potential flooding as warming temperatures began to melt up to seven feet of snow that fell in a record snow storm last week in which 13 people died.  Full Article 

General view of the Petrolchemie und Kraftstoffe (PCK) oil refinary in Schwedt/Oder, October 20, 2014. REUTERS/Axel Schmidt

Oil prices to plunge if OPEC makes no cuts

LONDON - Oil prices could plunge to $60 a barrel if OPEC does not agree a significant output cut when it meets in Vienna this week, market players say.  Full Article 

A vegetable vendor holds a stack of Chinese yuan banknotes at a morning market in Shenyang, Liaoning province June 10, 2014. REUTERS/Stringer

China ready to cut rates again: sources

BEIJING - China's leadership and central bank are ready to cut interest rates again, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, sources said.  Full Article 

U.S. President Barack Obama speaks about immigration reform during a visit to Del Sol High School in Las Vegas, Nevada November 21, 2014. REUTERS/Kevin Lamarque

Obama shrugs off criticism on immigration

WASHINGTON - President Barack Obama shrugged off criticism of his executive action on immigration with a challenge to House of Representatives Republicans: if you don't like it, do something.  Full Article 

The facade of the Kunsmuseum Bern art museum is seen in the Swiss capital of Bern, in this May 7, 2014 file picture. REUTERS/Arnd Wiegmann/Files

Swiss museum to accept Nazi loot art trove

BERLIN - The Bern Art Museum will accept art from a billion-euro collection from the late Cornelius Gurlitt, a recluse whose trove included masterpieces looted from their Jewish owners by the Nazis.  Full Article 


Breakingviews: Leak costs Aviva

Aviva has to set out the key strategic and financial details of a tie-up with rival Friends Life – fast, says Breakingviews.