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Carnage at U.N. school as Israel pounds Gaza Strip

GAZA/JERUSALEM - Israeli shelling killed at least 15 Palestinians sheltering in a U.N.-run school and another 17 near a street market on Wednesday, Gaza's Health Ministry said, with no ceasefire in sight after more than three weeks of fighting. | Video

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Germany's ZF in advanced talks to buy TRW for near $12 billion: sources

NEW YORK/FRANKFURT - Germany's ZF Friedrichshafen AG is in advanced talks to acquire U.S.-based TRW Automotive Holdings Corp for nearly $12 billion, in a deal that would create an automotive supply powerhouse, according to people familiar with the matter.

Deals, Germany 12:43pm EDT

Argentina fails to reach debt agreement, default imminent

BUENOS AIRES/NEW YORK - Argentina faces its second default in more than 12 years after talks with holdout creditors failed on Wednesday.

8:50pm EDT

U.S. private sector adds 218,000 jobs in July: ADP

NEW YORK - U.S. companies hired 218,000 workers in July, marking four straight month of private job growth above 200,000, but the figure fell short of what analysts projected and the previous month's level, a report by a payrolls processor released on Wednesday showed. Private job gains in June were 281,000, which was the strongest reading since November 2012. Economists surveyed by Reuters had forecast that the ADPNational Employment Report would show a gain of 230,000 jobs. | Video

1:35pm EDT

Detroit drops post-bankruptcy monitor from exit plan

- Detroit has dropped the idea of having a court-appointed monitor keep an eye on its finances when it exits bankruptcy after determining the move was not needed, a city spokesman said on Wednesday.

11:34am EDT
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Michelle Obama says the 'blood of Africa' runs through her veins

WASHINGTON - First lady Michelle Obama embraced her family’s African roots in a speech on Wednesday, telling a group of young Africans that the “blood of Africa” runs through her veins as she urged changing traditional beliefs on the worth of educating women.

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Temporary ceasefire in Tripoli, 75 bodies found in Benghazi

BENGHAZI/TRIPOLI - Rival Libyan militias fighting for control of Tripoli's airport agreed to a temporary ceasefire on Wednesday to allow firefighters to try to control a huge blaze at a fuel depot hit by a rocket.