Boeing plane division to cut 4,500 jobs
Airplane maker Boeing Co. says it plans to cut about 4,500 jobs this year due to the global economic slowdown.

Microsoft's Ballmer raises pressure on Yahoo
Microsoft's CEO Steve Ballmer has told the Financial Times newspaper that the current period of transition for Yahoo is a good time for a search deal between the two companies.

Obama team preparing bailout overhaul

Treasury Secretary nominee Timothy F. Geithner and President-elect Barack Obama's economic team are overhauling the embattled bailout and broadening its scope well beyond Wall Street.

Grim jobs outlook turns bleaker

Friday's employment report confirms an already bleak job market outlook. Analysts say that  even if all goes well  hiring probably won't pick up again until early 2010.

Jobless rate jumps to 7.2 percent

The Labor Department reported Friday that the jobless rate rose to 7.2 percent in December and payrolls dropped by 524,000 jobs.

Gaza aid held as U.N. truce plan rejected

Israeli jets and helicopters bombarded Gaza Friday and Hamas responded with a barrage of rockets on at least two cities as both sides defied a U.N. call for an immediate cease-fire.

Obama picks Panetta for CIA chief

President-elect Barack Obama on Friday announced his unusual choices for CIA director and a national intelligence director. The pair are likely to face tough Senate questioning.

Greece riots rise again as youths, cops clash

Masked youths clashed with police in central Athens Friday in the first major test of the Greek government's vow to crack down on violent protesters after a month of nationwide riots.

Bacon, butter fuel South Pole trek

A trio of adventurers said Friday they have set a new record for fastest trek across Antarctica to the South Pole, after suffering through whiteout conditions and temperatures as low as minus 40.

Ex-‘Sopranos' actor gets 10 years in prison

A former actor on "The Sopranos" was sentenced Friday to 10 years in prison for a botched burglary in the Bronx in which an accomplice shot and killed an off-duty police officer.