Shipper: Militaries must confront pirates
The world's militaries must work together to battle pirates off the Somali coast or ships will have to be diverted, one of the world's largest oil tanker companies said Friday.

Obama team springs leaks

Barack Obama was famously able to impose discipline and control over his presidential campaign, but it didn't take long for him to discover that running a transition is something quite different.

WaMu, BNY Mellon latest banks to shed jobs
The Bank of New York Mellon Corp. and Washington Mutual on Friday became the latest in a string of banks to announce layoffs.

NBC: Obama to nominate Clinton for State

Transition and Democratic officials say the  junior senator from New York will be nominated for secretary of state sometime after Thanksgiving, barring unforeseen issues.

Military sets date for first execution since 1961
A former Army cook convicted of multiple rapes and murders is set to die next month in what would be the U.S. military's first execution in nearly 50 years.

Phone workers peek at Obama's cell records
Verizon employees snuck a peek at President-elect Barack Obama's old cell phone records and will be reprimanded accordingly, the company said late Thursday.

GM plans more cuts, eyes up to 10 factories
General Motors Corp. will extend its holiday shutdown or make other production cuts at up to 10 factories as it deals with a continued U.S. auto sales slump and fights to stay solvent.

Stocks seesaw after steep sell-off
Wall Street wavered Friday but took a break from the heavier selling of recent days as energy, utility and technology stocks showed some advances and bank stocks declined.

Report predicts U.S. decline, Russia rise

Global warming could be a boon to Russia while the U.S. could further decline in importance during the next two decades, says a U.S. intelligence report with predictions for the world in 2025.