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Nokia downgrades market forecast for 2nd time
World-leading mobile phone maker Nokia Corp. downgraded its fourth-quarter market outlook Thursday for the second time, saying the slowdown in the industry was bigger than expected.
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Iraqi council gives final approval to pact with US
Iraq's three-member presidential council on Thursday approved a security pact with the United States that sets out a three-year timeframe for the full withdrawal of American troops, a spokesman said.
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White Sox and Braves complete Vazquez trade
Javier Vazquez knows exactly what the Atlanta Braves were looking for when they traded for him: A durable starter to plug one of the holes in their uncertain rotation.
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Israeli soldiers drag settlers out of Hebron house
Israeli soldiers and police stormed a disputed building in the biblical city of Hebron on Thursday, dragging out 250 young settlers in a raid meant to send a warning to Jewish extremists fighting to keep what they see as God-promised land.
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Scripps puts Rocky Mountain News up for sale
The Rocky Mountain News, Colorado's oldest newspaper, was put up for sale Thursday after its owner, E.W. Scripps Co., said it lost about $11 million on the business in the first nine months of the year.
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DuPont to cut 2,500 jobs, trim 4,000 contractors
Chemical manufacturer DuPont said Thursday that it will cut 2,500 jobs and will not turn a profit in the fourth quarter as a severe slowdown in the automotive and construction markets eats away at chemical sales.
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Suicide blasts kill 17 as Iraqi council OKs pact
Suicide bombers killed 17 people - including two American soldiers - and wounded more than 100 in a string of blasts in two Iraqi cities Thursday as a timetable for withdrawing all U.S. troops won final government approval.
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SEC head: gov't rescue plan needs 'exit strategy'
Securities and Exchange Commission Chairman Christopher Cox said Thursday the government must start to build an "exit strategy" that includes taxpayer protections for its massive financial rescue plan.
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Viacom to cut 850 jobs, freeze some raises in 2009
The media conglomerate Viacom Inc. said Thursday that it will slash about 850 jobs and freeze some senior-level raises in a move to weather the global economic downturn.
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Banks borrow less, investment firms borrow more
Commercial banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, while investment firms stepped up their loans.
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Oilers beat Avery-less Stars 5-2
Mathieu Garon made 23 saves to help the Edmonton Oilers beat Dallas 5-2 on Wednesday night in the Stars' second game without suspended agitator Sean Avery.
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Bush thanks Iraqi leaders for security pact help
President Bush called Iraqi Prime Minister Nouri al-Maliki on Thursday to thank him for pushing through an agreement that sets a three-year time frame for U.S. troops to leave the country, a pact the administration said will put future U.S.-Iraqi relations on a strong footing.
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Carmakers' bailout pleas hit Senate skepticism
Desperate U.S. automakers ran into fresh obstacles from skeptical lawmakers Thursday as they appealed with rising urgency - and a new dose of humility - for a $34 billion bailout. Without help, said one senator, "we're looking at a death sentence."
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January has 25 points, No. 25 Arizona St. wins
Briann January scored a career-best 25 points, tying a school record with seven 3-pointers in No. 25 Arizona State's 73-59 victory over UC Davis on Wednesday night.
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NFL players union seeks to block suspensions
A federal judge will be asked to decide Friday whether five suspended NFL players deserve a chance to play this weekend. At issue is whether the league had a duty to notify its players and their union that a dietary supplement the five took contained a banned ingredient.
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Gold, other commodities fall on demand concerns
Gold and other commodities prices fell Thursday investors extended their flight from the futures markets amid more signs of economic weakness.
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Swedish Riksbank cuts interest rate by 1.75 points
Sweden's central bank on Thursday cut its key interest rate by a record 1.75 percent to 2 percent to soften the fall in the economy triggered by the global financial crisis.
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Bernanke: more action needed to cut foreclosures
Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles.
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2 foreigners reportedly kidnapped off Nigeria
Pirates attacked an oil-services vessel before dawn Thursday off the coast of Nigeria and kidnapped two foreign workers, a private security official said.
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Gun club, police chief indicted in boy's Uzi death
Three men, including a small-town police chief, were indicted Thursday on involuntary manslaughter counts in the gun-fair death of an 8-year-old who accidentally shot himself in the head with an Uzi that a prosecutor said he never should have been allowed to handle.
