Headlines

Moscow fights back after sanctions; battle rages near Ukraine crash site

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MOSCOW/KIEV - Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine, where fighting between Moscow-backed rebels and government troops has intensified since a Malaysian airliner was shot down. | Video

Russia says U.S. accusations over nuclear treaty 'unfounded'

MOSCOW - Russia on Wednesday dismissed Washington's accusations that it has violated the Intermediate-Range Nuclear Treaty as "unfounded", and said it had its own complaints against the United States over the treaty.

World, Russia 3:04pm EDT

EU names 8 Russians, three firms subject to asset freeze

BRUSSELS - The European Commission published the names of eight Russians, including some of President Vladimir Putin's associates, and three companies which will have their assets frozen as part of sanctions against Russia's actions in eastern Ukraine.

World, Russia 3:04pm EDT

Carnage at U.N. school as Israel pounds Gaza Strip

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GAZA/JERUSALEM - Israeli shelling killed at least 15 Palestinians sheltering in a U.N.-run school and another 17 near a street market on Wednesday, Gaza's Health Ministry said, with no ceasefire in sight after more than three weeks of fighting. | Video

Bank of America ordered to pay $1.27 billion for Countrywide fraud

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NEW YORK - A federal judge on Wednesday ordered Bank of America Corp to pay $1.27 billion of damages after a federal jury found the second-largest U.S. bank liable for fraud over defective mortgages sold by its Countrywide unit.

Iran says Egypt dragging its feet on allowing aid to Gaza

DUBAI - Iran criticized Egypt on Wednesday for delays in issuing permits to bring in aid to Gaza and to transport wounded women and children out of the area for medical treatment.

World, Davos, Egypt 2:37pm EDT

U.S. economy back on track with strong second-quarter rebound

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WASHINGTON - The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing. | Video

2:37pm EDT

White House condemns shelling of U.N. school in Gaza

WASHINGTON - The White House condemned the shelling on Wednesday of a United Nations school in Gaza that local authorities estimated killed at least 15 Palestinians sheltering there.

World, United Nations 2:36pm EDT

G7 leaders warn of further costs to Russia over Ukraine

WASHINGTON - G7 leaders issued a joint statement on Wednesday warning Russia that it will face added economic sanctions if Moscow does not change the course of its Ukraine policy.

2:24pm EDT

Argentine debt talks down to the wire to avert default

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BUENOS AIRES/NEW YORK - Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country's bond prices fed optimism that an agreement was possible.

2:22pm 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.