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Oil rebounds on Bernanke comments

Updated: 01/13/2009 - After falling nearly 30 percent in the past week, oil prices rebounded Tuesday after Federal Reserve Chairman Ben Bernanke said the stimulus package being crafted by President-elect Barack Obama and Congress could provide a "significant boost" to the sinking U.S. economy.

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Russia, Ukraine trade blame as Europe sees no gas

Updated: 01/13/2009 - Russia and Ukraine hotly blamed each other Tuesday as Russia restarted natural gas supplies but little or no gas flowed toward Europe. EU officials watched in dismay and criticized both nations for their intransigence.

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Nov. trade deficit drops to lowest level since '03

Updated: 01/13/2009 - The trade deficit plunged to the lowest level in five years in November as a deepening recession slashed demand for oil by a record amount. Imports from China also fell by the largest amount on record.

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Israeli forces storm Gaza City neighborhood

Updated: 01/13/2009 - The Israeli Defense Ministry says the point man in efforts to reach a cease-fire with Hamas is headed to Egypt later this week for what officials call decisive talks.

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Obama pressing for remaining $350B bailout funds

Updated: 01/13/2009 - A week shy of taking office, President-elect Barack Obama already is putting his persuasion skills to a high-stakes test with Congress as he seeks access to the second half of the $700 billion financial bailout fund.

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Sharp cold wave shocks upper Midwest, temps to -36

Updated: 01/13/2009 - Residents of the upper Midwest bundled up or just stayed inside Tuesday as a wave of bitterly cold air barreled south out of the Arctic, following on the heels of a fast-moving blizzard.

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Bernanke: Obama stimulus would lift economy

Updated: 01/13/2009 - Federal Reserve Chairman Ben Bernanke said Tuesday the stimulus package being crafted by President-elect Barack Obama and Congress could provide a "significant boost" to the sinking economy. But he warned that such a recovery won't last unless other steps are taken to stabilize the shaky financial system.

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Clinton vows smart mix of diplomacy, defense

Updated: 01/13/2009 - Secretary of State-designate Hillary Rodham Clinton called Tuesday for a "smart power" strategy in the Middle East that goes beyond the Israeli-Palestinian conflict to address other pressing issues like Iran's nuclear program.

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Russia, Ukraine Trade Blame as Europe Sees No Gas

Updated: 01/13/2009 - Russia and Ukraine hotly blamed each other Tuesday as Russia restarted natural gas supplies but little or no gas flowed toward Europe. EU officials watched in dismay and criticized both nations for their intransigence.

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Stocks Fluctuate Amid Anxiety over Profits

Updated: 01/13/2009 - Wall Street showed little direction early Tuesday as investors awaited further signals from companies about where the economy might be headed.

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Citigroup in Brokerage Merger Talks with Morgan

Updated: 01/13/2009 - Citigroup Inc. is confirming it is talking with Morgan Stanley about combining their brokerages. The banks though said in a statement Tuesday that no definitive agreement has been reached.

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November Trade Deficit Drops to Lowest Level Since '03

Updated: 01/13/2009 - The trade deficit plunged to the lowest level in five years in November as a deepening recession slashed demand for oil by a record amount. Imports from China also fell by the largest amount on record.

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Two Men Stoned To Death In Iran

Updated: 01/13/2009 - Two men convicted of adultery were stoned to death in northeastern Iran last month but a third convicted man managed to escape, Iran's judiciary spokesman said Tuesday.

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Bernanke: Obama Stimulus would Lift Economy

Updated: 01/13/2009 - Federal Reserve Chairman Ben Bernanke said Tuesday the stimulus package being crafted by President-elect Barack Obama and Congress could provide a "significant boost" to the sinking economy.

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Parents Of Sick Kids To Reject China's Payout Plan

Updated: 01/13/2009 - More than 200 Chinese parents whose babies were sickened or killed by tainted milk plan to reject a government compensation scheme because it is limited and does not cover enough children, an organizer of the families said Tuesday.

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Not Just A Dream: Obama Sparks Black Men To Action

Updated: 01/13/2009 - An actor turns a dilapidated, inner-city mosque into a theater in just a few days. A 20-year-old buckles down on his studies at a historically black college after his mother dies of cancer.

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Stock Futures Point Lower ahead of Trade Report

Updated: 01/13/2009 - Wall Street appeared ready to extend its losses Tuesday as investors already uneasy about weak corporate profit reports awaited a reading on overseas demand for U.S. products.

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Zoos, Aquariums Face The Ax In NY, Elsewhere

Updated: 01/13/2009 - Even porcupines could get pink slips in the slumping economy as states consider cutting or eliminating funding that supports zoos, aquariums and botanical gardens.

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Closing Gitmo Requires Tough Judgments On Inmates

Updated: 01/13/2009 - President-elect Barack Obama's planned review of Guantanamo Bay prisoners, a prelude to closing the detention center, must weigh the threats posed by an extraordinarily diverse group, from die-hard jihadists to innocent men swept up in war.

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Topeka Home Fully Engulfed In Flames

Posted: 01/13/2009 - Crews were on the scene for hours on a fully engulfed house fire that broke out early Tuesday morning in Topeka.

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Preventing Colds Might Be As Easy As Vitamin ZZZZ

Updated: 01/13/2009 - Fluff up the pillows and pull up the covers. Preventing the common cold may be as easy as getting more sleep. Researchers paid healthy adults $800 to have cold viruses sprayed up their noses, then wait five days in a hotel to see if they got sick. Habitual eight-hour sleepers were much less likely to get sick than those who slept less than seven hours or slept fitfully.

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