News

Photo

U.S. economic growth slows in fourth quarter; corporate profits fall

WASHINGTON - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending. | Video

Recent Top News

Torn-up sick notes show crash pilot should have been grounded

DUESSELDORF, Germany - German authorities said on Friday they had found torn-up sick notes showing that the pilot who crashed a plane into the French Alps was suffering from an illness that should have grounded him on the day of the tragedy. | Video

Time for Iran to make tough decisions in nuclear talks: U.S.

LAUSANNE, Switzerland - Negotiations between six world powers and Iran over its nuclear program have been "tough and very serious" and the next few days will show whether Tehran is ready to make the necessary hard decisions, a senior U.S. official said on Friday.

World, Davos, United Nations 4:51pm EDT

Police seek two people unaccounted for after New York explosion

NEW YORK - Two people remained unaccounted for on Friday in the wake of an apparent gas explosion that destroyed four New York City apartment buildings and injured 19 people, police said. | Video

3:16pm EDT

Oil dives 5 percent as worries about Iran talks trump Yemen

NEW YORK - Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

3:42pm EDT

Fed weighs insurers' proposal for new capital rules

WASHINGTON - The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the two sides seen by Reuters and people familiar with the matter.

2:20pm EDT
Photo

Syria's Assad calls chlorine allegations 'malicious propaganda': CBS

WASHINGTON - President Bashar al-Assad of Syria dismissed as "malicious propaganda" allegations that his troops used chlorine gas in the fight against insurgent rebels, according to an interview broadcast on Friday on CBS "This Morning."