Stocks turn higher on Geithner nomination
Stocks turned higher after NBC News reported that New York Federal Reserve President Timothy Geithner will be nominated as President-elect Barack Obama's Treasury Secretary.

Citigroup's options dwindle; shares plunge
Citigroup's options are dwindling along with its stock price as the credit landscape deteriorates and fears escalate about future loan losses at the company.

Islamists: We'll fight Somali pirates
A radical Islamic group in Somalia said Friday it will fight the pirates holding a Saudi supertanker loaded with $100 million worth of crude oil.

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.

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

Neb. lawmakers OK 'safe haven' age limit
Nebraska lawmakers gave final approval Friday to adding a 30-day age limit to the state's "safe haven" law.

Report: Teen commits suicide online

Authorities say a South Florida teen committed suicide in front of a live online Webcam audience after blogging about his plan to kill himself.

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.

Mexico: Ex-drug czar took cartel money
Mexico's former drug czar took $450,000 to leak information to a powerful cartel, officials said Friday.