Obama makes key Cabinet picks

Several key appointments, including State and Treasury Department secretaries appear to be nearly-done deals, with Democratic officials confirming President-elect Barack Obama's intended nominees.

Bob Jones Univ. apologizes for racist policies
A fundamentalist Christian University has apologized for racist policies including a one-time ban on interracial dating that wasn't lifted until nine years ago and its unwillingness to admit black students until 1971.

GM, Chrysler make cuts to hold on for loans

Chrysler and GM need to follow Lee Iacocca's play book now as they try to outlast the debate in Washington over whether they will get billions in government loans.

Citigroup's options dwindle; shares plunge

Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses.

Bush signs bill providing extra jobless benefits
President George W. Bush on Friday ensured that millions of laid-off workers will keep getting their unemployment checks as the year-end holidays approach.

Stocks jump on Geithner speculation

Wall Street staged a surprising comeback, with the major indexes jumping more than 5 percent and the Dow Jones industrials surging nearly 500 points in a late afternoon rally

Germany drops attempt to ban Scientology
Germany is dropping its pursuit of a ban on Scientology after finding insufficient evidence of illegal activity, security officials said Friday.

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.

Pentagon bans computer flash drives
The Pentagon has banned, at least temporarily, the use of external computer flash drives because of a virus threat officials detected on Defense Department networks.