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Islamic State purportedly sets new deadline for hostage swap

AMMAN/TOKYO - An audio message purportedly from a Japanese journalist held by Islamic State militants said a Jordanian air force pilot also captured by the group would be killed unless a woman jailed in Jordan was released by sunset on Thursday. | Video

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Malaysia declares MH370 an 'accident', airline to proceed with compensation

KUALA LUMPUR - Malaysia declared on Thursday the disappearance of Malaysia Airlines Flight MH370 an accident, clearing the way for the airline to pay compensation to victims' relatives while the search for the plane goes on.

Obama budget to propose spending lift for military, domestic programs

WASHINGTON - President Barack Obama's budget will call for an increase in domestic and military spending that would end spending caps known as "sequestration," a White House official said, setting up a new source of conflict with Republicans in Congress.

6:03am EST

Oil holds above $48 a barrel after U.S. stocks hit record high

LONDON - Brent crude oil futures held above $48 a barrel on Thursday as investor inflows offset data showing that U.S. crude stocks had hit a record high.

6:52am EST

Fed upbeat on U.S. economy, cites strong job gains

WASHINGTON - The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year. | Video

28 Jan 2015

Facebook tops Wall Street revenue target in fourth quarter

SAN FRANCISCO - Facebook Inc's revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales.

Facebook, Tech 28 Jan 2015