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Economy grew at slower 1 pct. rate this spring

Posted: 08/26/2011 - The U.S. economy grew at a meager 1 percent pace this spring, a slower rate than previously estimated. The downward revision will likely increase fears that the economy is at risk of another recession.

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Merkel back atop Forbes' powerful woman list

Posted: 08/25/2011 - German Chancellor Angela Merkel has reclaimed her status as the world's most powerful woman, with Forbes magazine hailing her as the European Union's "undisputed' leader."

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Closing arguments to begin in lewd Navy video case

Posted: 08/24/2011 - A Navy board will hear closing arguments today as to why the former commander of a nuclear-powered aircraft carrier who produced raunchy videos aboard the USS Enterprise should be allowed to stay in the Navy.

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Evacuations begin in NC ahead of Hurricane Irene

Posted: 08/24/2011 - Tourists on a small North Carolina island have begun evacuating as Hurricane Irene heads for the East Coast and it's the first test of whether people will heed orders to get out of the way of what could be a monstrous storm.

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US Diplomat: Gadhafi's whereabouts not yet known

Posted: 08/22/2011 - President Barack Obama says Moammar Gadhafi must recognize his time is over in Libya, and a leading State Department diplomat says it's "only a matter of time" before the besieged ruler is history.

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Irene now a hurricane

Posted: 08/22/2011 - Irene is now a hurricane as it plows across Puerto Rico with torrential rains and winds.

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Oil prices should fall with Gadhafi overthrow

Posted: 08/22/2011 - If the rebel capture of the capital, Tripoli, holds and leader Moammar Gadhafi is overthrown, analysts say oil prices around the world should start falling.

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Slight improvement in college entrance exams

Updated: 08/17/2011 - Nearly three in 10 recent graduates who took the ACT college entrance exam failed to meet a single benchmark that predicts they are ready for college.

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Facebook poised to seek end to NY man's lawsuit

Posted: 08/17/2011 - Facebook attorneys appear poised to ask a judge to throw out a western New York man's lawsuit claiming ownership in the social network after finding what they say is proof the case is baseless.

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Pentagon: Army improperly tested body armor plates

Posted: 08/17/2011 - A Defense Department review has found that the Army improperly tested new bullet-blocking plates for body armor and can only provide "limited assurance" that the 5 million ceramic inserts meet the standards to protect U.S. troops.

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Obama to give major jobs speech

Updated: 08/17/2011 - A senior administration official tells The Associated Press that President Barack Obama will give a major speech in early September to unveil new ideas for speeding up job growth and helping the struggling poor and middle class.

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