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Economists: Lower growth, higher oil prices coming

Updated: 05/16/2011 - One bright spot for economic experts in their latest growth forecast is business spending on equipment and software. It's expected to rise 11.9 percent this year, mostly because of pent-up demand.

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Vatican to bishops: report sex abuse to police

Posted: 05/16/2011 - The Vatican has told bishops around the world to cooperate with police in reporting priests who rape and molest children and to develop guidelines for preventing abuse by May 2012.

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Emptiness in Cajun country

Posted: 05/16/2011 - President Barack Obama plans to fly to Memphis, Tenn., today to meet with families affected when the Mississippi River flooded parts of the city. He'll also meet local officials, first responders and volunteers.

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Greater than expected damage seen at Japan reactor

Updated: 05/12/2011 - Nuclear officials say repairs to monitoring equipment have revealed greater than expected damage at one of Japan's troubled reactors that could delay a resolution to the crisis.

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Prismatic glass facade for WTC tower scrapped

Posted: 05/12/2011 - The Port Authority of New York and New Jersey has scrapped a plan to cover the concrete base of a World Trade Center tower with 2,000 clear prismatic glass panels because of technical problems.

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Oil execs defend high gas prices and big profits

Posted: 05/12/2011 - Oil company executives are defending high gasoline prices and big profits at a congressional hearing, saying they also pay high taxes and shouldn't face more.

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AIG, Treasury offering 300 million shares

Updated: 05/11/2011 - Global insurance company American International Group Inc. and the federal government are offering to sell a total of 300 million AIG shares to the public.

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Europe calls in Syria envoys amid sanctions threat

Updated: 05/11/2011 - Germany says several European countries are summoning Syrian ambassadors and threatening new sanctions targeting the country's leadership if it doesn't halt the repression of protesters.

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Obama approval hits 60 percent

Updated: 05/11/2011 - President Barack Obama's approval rating is at its highest in two years, following the death of Osama bin Laden.

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Floods costing businesses

Updated: 05/11/2011 - The Mississippi River is waist-high in some flooded areas of Vicksburg, Mississippi, and it hasn't crested yet.

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