Top News Headlines

Tesco cuts profit outlook again and suspends staff after accounting error

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LONDON - Tesco cut its profit forecast for the third time in two months and suspended its UK boss with three other executives after finding a major fault in its accounts - another blow to the reputation of the world's No. 3 retailer. | Video

12:08pm EDT

Turkey struggles with spillover as Syrian Kurds battle Islamic State

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MURSITPINAR Turkey - Syrian Kurds battled to defend a key border town from an Islamic State advance on Monday as Kurdish youths from neighboring Turkey rushed to their aid, heightening the pressure on Ankara to act against the Islamist insurgents. | Video

Syria, Turkey, World 12:07pm EDT

France rules out air strikes in Syria

NEW YORK - French Foreign Minister Laurent Fabius said on Monday his nation would not launch air strikes against Islamic State (IS) militants based in Syria despite having bombed a suspected target of the group in northern Iraq last week.

12:06pm EDT

British PM Cameron tries to quell party revolt over new powers for Scotland

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MANCHESTER England - British Prime Minister David Cameron tried to head off a rebellion in his Conservative party over a promise of new powers for Scotland, highlighting the difficulty of giving Scots what they want after last week's referendum on Scottish independence.

12:01pm EDT

Islamic State urges attacks on U.S., French citizens, taunts Obama

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BAGHDAD - Islamic State urged its followers on Monday to attack citizens of the United States, France and other countries which have joined a coalition to destroy the ultra-radical group.

World, France 11:58am EDT

Australia says jets to help with air strikes against Islamic State

BAGHDAD - Australia's defense minister David Johnston said on Monday during a visit to Baghdad that his country's fighter jets will play a part in U.S.-led air strikes on Islamic State positions in Iraq.

Wall St. falls on China demand concerns

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NEW YORK - U.S. stocks were trading lower heading toward midday on Monday after China's finance minister indicated the country will not increase stimulus measures and U.S. housing data fell short of expectations.

11:53am EDT

Tesco CEO says Robin Terrell will lead UK business

LONDON - Tesco's new chief executive Dave Lewis said Robin Terrell had stepped in to lead the grocer's UK leadership team in the wake of the firm's accounting issue, which has resulted in four employees stepping aside.

11:13am EDT

Plosser, hawkish chief of Philadelphia Fed, to retire in March

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- Philadelphia Federal Reserve Bank President Charles Plosser, whose vocal discomfort with the U.S. central bank's super-easy monetary policy marks him as one of its hawkish policymakers, will retire on March 1, 2015, the regional Fed bank said on Monday.

11:08am EDT

Ukrainians to pull back big guns from front line with separatists

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KIEV - Ukraine's military said on Monday it was pulling back artillery and heavy armor from the front line with separatists, backing President Petro Poroshenko's peace plan for a conflict that has cost more than 3,000 lives.

10:56am EDT
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.