NBC: Obama to nominate Clinton for State

Transition and Democratic officials say the  junior senator from New York will be nominated for secretary of state sometime after Thanksgiving, barring unforeseen issues.

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

Stocks waver after steep two-day sell-off
Wall Street moved cautiously higher Friday, with investors taking a breather from the heavy selling of recent days.

Leftist Sandinistas win Nicaragua vote

Nicaragua's ruling Sandinista party won the large majority of municipal races, including the capital Managua, in local elections that have sparked violent clashes and allegations of fraud.

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.

Hundreds wait at stores for BlackBerry Storm

Hundreds of people lined up at Verizon Wireless stores on Friday to buy the BlackBerry Storm, the first touch-screen phone from Research In Motion that aims to compete with Apple's iPhone.

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.

Bush effigy burned at Iraq protest

Followers of a Shiite cleric on Friday stomped on and burned an effigy of President Bush in Baghdad as they protested a proposed U.S.-Iraqi security pact on Friday.

Deflation poses new economic threat
Strapped consumers are rejoicing at falling prices. But some economists warn of the growing risk of a ruinous downward price spiral  called deflation. Here's what's at stake.