News

Photo

Knife-wielding attacker slashes face of U.S. ambassador in South Korea

SEOUL - U.S. ambassador to South Korea Mark Lippert underwent two-and-a-half hours of surgery after he was slashed in the face by a Korean nationalist in an attack at a breakfast forum in Seoul on Thursday to discuss Korean reunification. | Video

Recent Top News

China signals 'new normal' with higher spending, lower growth target

BEIJING - China plans to run its biggest budget deficit in 2015 since the global financial crisis, stepping up spending as Premier Li Keqiang signaled that the lowest rate of growth in a quarter of a century is the "new normal" for the world's No.2 economy. | Video

5:29am EST

Citigroup's past losses may have helped it win Costco business

NEW YORK - Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for Costco Wholesale Corp, rivals and tax specialists say: it lost so much money during the financial crisis that it has billions of dollars of tax credits.

2:03am EST

Indonesia rejects Australian proposal of prisoner swap for death row pair

JAKARTA - Indonesia rejected on Thursday an Australian proposal for a prisoner swap made in an 11th hour effort to save the lives of two Australian drug smugglers expected to face a firing squad within days.

U.S. Syria strategy falters with collapse of rebel group

ISTANBUL/BEIRUT - The Hazzm movement was once central to a covert CIA operation to arm Syrian rebels, but the group's collapse last week underlines the failure of efforts to unify Arab and Western support for mainstream insurgents fighting the Syrian military.

Costco's quarterly profit tops estimates on tax benefit

- Costco Wholesale Corp reported a better-than-expected quarterly profit, helped by a tax benefit related to its special cash dividend last month.

4:19am EST
Photo

U.S. Supreme Court split over Obamacare challenge

WASHINGTON - The U.S. Supreme Court appeared sharply divided on ideological lines on Wednesday as it tackled a second major challenge to President Barack Obama's healthcare law, with Justice Anthony Kennedy emerging as a likely swing vote in a ruling. | Video

Islamic State torches oil field east of Tikrit: witness

BAGHDAD - Islamic State militants have set fire to oil wells in the Ajil field east of the city of Tikrit to try to hinder aerial attacks aimed at driving them from the oilfield, a witness and military source said.