Islamic State closes in on Syrian city of Aleppo; U.S. abandons rebel training effort

BEIRUT/ANKARA - Islamic State fighters have seized villages close to the northern city of Aleppo from rival insurgents, a monitoring group said on Friday, despite an intensifying Russian air-and-sea campaign that Moscow says has targeted the militant group. | Video

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Fed still plans rate hike this year, but not committed

NEW YORK/MILWAUKEE - Two influential Federal Reserve policymakers on Friday reinforced Fed Chair Janet Yellen's message that an interest rate hike is coming by year's end.

5:02pm EDT

U.N. diplomat charged by U.S. for bribe scheme gets $2 million bail

NEW YORK - A deputy United Nations ambassador from the Dominican Republic facing U.S. charges over a bribery scheme had his bail set at $2 million on Friday, despite a prosecutor's warnings that he poses a flight risk.

World, United Nations 5:02pm EDT

Exclusive: GE nears deal to sell over $30 billion of loans to Wells Fargo - source

- General Electric Co is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co , according to a person familiar with the matter, as the industrial conglomerate returns to its roots.

5:41pm EDT

House passes bill axing oil export ban, veto looms

WASHINGTON - A bill to repeal the U.S. oil export ban passed the House of Representatives on Friday, but faces an uncertain future after a veto threat by President Barack Obama.

2:15pm EDT

Exclusive: FIFA mulls delaying presidential election, calls crisis meeting

ZURICH - FIFA is discussing delaying the election for its next president, two sources told Reuters, a move that could give Michel Platini more time to appeal against his ban from the game and then stand to replace departing leader Sepp Blatter.

4:38pm EDT

One killed, one wounded in shooting near Texas Southern University

HOUSTON - One person was fatally shot on Friday and another person was wounded in a shooting an apartment complex adjacent to the campus of Texas Southern University in Houston, and two suspects have been taken into custody, the school said. | Video


Rare Syria deal falls victim to Russian escalation

BEIRUT/GENEVA - Russia's military intervention in the Syrian war has all but destroyed a deal agreed last month to halt fighting between warring sides in two areas of the west, unpicking a rare success for foreign-backed diplomacy in the four-year-long conflict.