Deflation poses 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.
End of an era: The Boss' reign is officially over
George Steinbrenner's 35-year reign as boss of the New York Yankees ended Thursday when he passed control of the New York Yankees to his youngest son, Hal.
Over 1,000 melamine babies still in hospitals
Over a thousand Chinese infants are still in hospital receiving treatment for kidney damage caused by tainted milk, China's Health Ministry said.
Michael Jackson to testify in London
Michael Jackson's lawyer says the pop star has agreed to come to London to respond to a Bahraini sheik's $7 million lawsuit.
McDonald's courts moms as emissaries
McDonald's has recruited mothers to go behind the scenes of the company's operations, meet senior executives and then communicate what they see via the Web in a bid to brighten its image.
New BlackBerry is good iPhone challenger
Review: BlackBerry fans can rejoice: the Storm, Research In Motion's first all-touchscreen Blackberry will make even iPhone users salivate just a little bit over some of the features of this very slick and sophisticated smartphone.
Pet store chain linked to puppy mills
After an eight-month investigation, the Humane Society of the United States accused Petland, the national pet store chain, of selling dogs bred under appalling conditions.
Astronauts venture out for spacewalk No. 2
Astronauts ventured back outside the international space station to perform more repair work on a jammed joint Thursday and promised to keep a tight grip on all their tools so nothing would get away this time.
Oil hits 3-year low; gas at $2 in 23 states
Oil prices on hit levels not seen in more than three years and retail gas prices are now below $2 across nearly half of the country on dour reports suggesting an economic pullback.
Napolitano up for Homeland Security
An early Barack Obama supporter from the southwestern part of the country, the former Arizona attorney general is a leading contender for the job of secretary of homeland security.
