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Avalanche hits Italian hotel, many feared dead under snow

PENNE, Italy A huge avalanche ploughed into a luxury mountain hotel in central Italy after a series of strong earthquakes rattled the area, and up to 30 people might be buried under the snow, officials said on Thursday. | Video

Recent Top News

Dollar rebounds, bond yields jump on Yellen's rate guidance

LONDON The dollar bounced back, Asian and European shares slipped and government bond yields soared to multi-week highs on Thursday after U.S. central bank chief Janet Yellen signaled a path of steady interest rate increases for the world's largest economy.

7:18am EST

Rescue teams search for trapped firefighters after Iran building collapse

ANKARA Rescue teams were searching on Thursday for at least 25 trapped firefighters and medics treated dozens of casualties after a blazing high-rise building collapsed in downtown Tehran, the city's mayor said.

World, Davos 6:32am EST

Obama hopes for quiet after White House but will defend 'core values'

WASHINGTON He is ready for some quiet time, plans to do some writing and intends to give his successor space to govern, at least on most issues.

Politics, Election 2016 6:58am EST

Web of investigations entangles Israel's 'King Bibi'

JERUSALEM Benjamin Netanyahu has spent 30 years in public office, including 11 years as Israel's prime minister, but this year his political future is being called into question as seldom before.

World, Israel 7:01am EST

Exclusive: Pentagon, Lockheed near deal on $9 billion F-35 contract - sources

WASHINGTON The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday.

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George Soros, Mastercard to partner to aid migrants, refugees

NEW YORK Billionaire investor George Soros will partner with Mastercard Inc on a venture they said could help migrants, refugees and others struggling within their communities worldwide to improve their economic and social status.

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UK PM May says Britain faces momentous change as it leaves EU

DAVOS, Switzerland Britain is facing a period of momentous change following its decision to leave the European Union and will need to forge a new role in the world, Prime Minister Theresa May told the World Economic Forum in Davos on Thursday.