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Obama seeks to ease Asian allies' doubts during visit to Japan

TOKYO - President Barack Obama will use a state visit to Japan on Thursday to try to reassure Tokyo and other Asian allies of his commitment to ramping up U.S. engagement in the region, despite Chinese complaints that Washington's real aim is to contain Beijing's rise. | Video

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Children's corpses reveal desperate attempts to escape Korean ferry

MOKPO/SEOUL - South Korean divers swam though dark, cold waters into a sunken ferry on Wednesday, feeling for children's bodies with their hands in a maze of cabins, corridors and upturned decks as they searched for hundreds of missing. | Video

World, South Korea 12:05pm EDT

Special Report: For private deals, no one is watching the watchdogs

OMAHA, Nebraska - From 2006 to 2009, Provident Asset Management raised $485 million from 7,700 investors who were drawn to its promises of annual returns as high as 18 percent on oil and gas assets. Law firm Mick & Associates helped. Provident paid Mick to provide "due diligence" reports to help brokers decide whether to recommend the investments to their clients.

1:41pm EDT

Boeing cash register rings again, sending shares higher

- Rising jet production helped Boeing Co generate substantial cash in the latest quarter, and the company said on Wednesday that it lavished the rewards on shareholders, sending its stock higher. | Video

2:55pm EDT

GM said it has shipped thousands of replacement ignition switches

DETROIT - General Motors Co on Wednesday said it has shipped "thousands" of kits needed to repair the defective ignition switches linked to at least 13 deaths.

1:41pm EDT

Hole in Afghan budget stirs unease as West starts packing bags

KABUL - A $375 million hole in the Afghan budget is threatening public projects and civil servants' salaries, officials say, putting the aid-dependent economy under stress just as Afghanistan awaits a new leader and foreign troops prepare to go home.

Afghanistan, World 1:19pm EDT