A source tells The Associated Press that JP Morgan Chase is expected to accept the resignation of a high-ranking executive soon. The decision comes after one of the bank's trading groups lost $2 billion.
Tori Pinheiro shed tears and shared the sorrow of the loss of her boyfriend as Boston University students, faculty and officials gathered in a campus plaza to mourn three classmates studying abroad who died in a minivan crash in New Zealand.
Kelsey Griffith graduates on Sunday from Ohio Northern University. To start paying off her $120,000 in student debt, she is already working two restaurant jobs and will soon give up her apartment here to live with her parents.
In Europe, where more than 200,000 people thronged a Berlin rally in 2008 to hear Barack Obama speak, there's disappointment that he hasn't kept his promise to close the military prison at Guantanamo Bay, and perceptions that he's shunting blame for the financial crisis across the Atlantic.
Inducted into the Automotive Hall of Fame in 1992, Shelby worked in recent years as a technical adviser on the Ford GT project and designed the Shelby Series 1 two-seat muscle car, a 21st century clone of his 1965 Cobra.
A gloomy outlook on the economy extends across party lines, a new Associated Press-GfK poll has found, and handling the nation's economy remains President Barack Obama's biggest challenge in his bid for a second term.
Education Secretary Arne Duncan broke ranks with the White House on Monday, stating his unequivocal support for same-sex marriage one day after Vice President Joe Biden suggested that he supported gay marriage as well.
The would-be suicide bomber, based in Yemen, had not yet picked a target or bought a plane ticket when the CIA stepped in and seized the bomb, officials said. It's not immediately clear what happened to the alleged bomber.