Fannie Mae unveils management shakeup
Mortgage-finance company Fannie Mae on Wednesday announced a management shake-up in an effort to come to grips with mounting credit losses and a shrinking capital base.
Toyota lowers global sales target for 2009
Toyota lowered its global sales target for 2009 by 700,000 vehicles to 9.7 million Thursday, hurt by rising material costs, a slowing U.S. market and soaring gas prices.
Tourists flee as storm nears Jamaica
Tropical Storm Gustav surged toward renewed hurricane force on Thursday as it started pounding Jamaica, while many miles away New Orleans watched it with a nervous eye.
Marine eyes Iraq to Afghanistan shift
The top U.S. Marine officer said he could reduce his 25,000-strong force in the former al-Qaida stronghold in Iraq to reinforce military operations against a growing Taliban threat in Afghanistan.
New Orleans faces evacuation
National Guard troops stood ready and batteries and water bottles sold briskly as the New Orleans area watched a storm march across the Caribbean on the eve of Hurricane Katrina's third anniversary.
Anxious freshmen meeting first on Facebook
Filled with going-to-college angst, many incoming freshmen spent plenty of time this summer soaking up campus life and getting to know their roomies and classmates first on Facebook.
Retailer Sears offers a downbeat outlook
Sears Holdings Corp. offered a downbeat outlook Thursday, predicting that sales and gross profit margins will likely continue to be pressured for the rest of the year.
Scoop: Tim Gunn calls Miley Cyrus ‘tarty'
"I don't want her to look like she's going into a convent school, but it's just a little too much for a 15-year-old," the "Project Runway" mentor told OK! magazine about Cyrus' style.
Audit: China mismanaged $6.7 billion
China's central government misused or mismanaged more than $6.73 billion last year, including using disaster relief money to build government offices , the National Audit Office said .
Bill Clinton sets aside differences with Obama
Bill Clinton laid to rest any speculation Wednesday night that he would not enthusiastically back Barack Obama by making a forceful call for voters to elect Obama president.