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U.S. housing data weaker than expected, but services sector expands

WASHINGTON - Contracts to buy previously-owned U.S. homes unexpectedly fell in June, but the data did little to change perceptions the housing sector was gradually recovering after slumping in late 2013.

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Hague court orders Russia to pay $50 billion in Yukos case

MOSCOW/LONDON/AMSTERDAM - The Hague's arbitration court ruled on Monday that Russia must pay a group of shareholders in oil giant Yukos $50.02 billion for expropriating its assets, a big hit for a country teetering on the brink of recession.

Huge blaze out of control in Tripoli battle as Libya slides to chaos

TRIPOLI - A huge fuel depot in Libya's capital burned out of control on Monday, set ablaze in fighting between rival militias that has driven the country to chaos three years after the NATO-backed revolt that toppled Muammar Gaddafi. | Video

World, United Nations, Libya 11:26am EDT

Lloyds Bank fined $370 million for rigging Libor interest rates

LONDON/WASHINGTON - Britain's Lloyds Banking Group has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a UK government lending scheme.

10:13am EDT

Obama could curb corporate 'inversions' on his own: ex-U.S. official

WASHINGTON - President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.

12:25am EDT
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Police find 15 corpses in Baghdad in bloody start to Muslim Eid holiday

BAGHDAD - Iraqi police on Monday found the corpses of 15 people, including three women shot in the head in militia-style killings, a bloody start to the holiday marking the end of the Muslim fasting month of Ramadan, security sources said.