Sears faces tough test this season

The holiday season is expected to be difficult for most retailers, but it could prove especially tough for one of the nation's most storied brands: Sears.

Obama names Clinton to top role

President-elect Barack Obama announced former rival Hillary Rodham Clinton as his choice for secretary of state Monday and also said he would keep Robert Gates as defense minister.

Wave of drug violence grips Tijuana

At least 37 people were killed over three days in the Mexican border city of Tijuana, including four children caught in shootouts and nine men found decapitated, the state attorney general said Monday.

Bombs kill more than 30 in Iraq

Suicide bombers struck Monday near a Baghdad police academy and in Mosul against a joint U.S.-Iraqi patrol, killing more than people, Iraqi officials said.

Winter weather slows travel in U.S.

Stranded airline passengers lingered in Chicago's airports Monday as a storm tapered off after delivering a wintry mix to Illinois including snow, gusty winds and ice that led to at least two traffic deaths.

Fed chairman: Lower rates 'feasible'

Fed chief Ben Bernanke said that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive the economy.

India: Pakistan must take 'strong action'

India formally demanded that Pakistan take "strong action" against the people behind the Mumbai attacks.

It's official: U.S. is in recession
A panel of the National Bureau of Economic Research said Monday that the U.S. economy fell into a recession last year.

Floods leave Venice underwater

Residents and tourists in Venice waded through knee-deep water Monday as they navigated the city's narrow streets and alleys, and its historic St. Mark's Square was inundated.

Rapport with Obama will be key for Clinton

Hillary Clinton's success as secretary of state may depend as much on Obama's willingness to admit her to his inner circle as her mastery of the job, officials say.