Europe shivers as Russia cuts gas shipments

Russia shut off all gas supplies to Europe through Ukraine on Wednesday — leaving more than a dozen countries scrambling to cope during a winter cold snap.

Satyam scandal could be 'India's Enron'

The head of Indian outsourcing firm Satyam Computer Services resigned on Wednesday, disclosing that profits had been falsely inflated for years.

Reid: Burris may ultimately get Senate seat

Senate Majority Leader Harry Reid said Roland Burris will not likely take Barack Obama's Senate seat until a court in Illinois rules on a dispute surrounding his appointment.

Is this stock market rally for real?
With the stock market up 25 percent from November lows, a lot of individual investors are asking: Is this rally for real?

Reports: Gupta approached for surgeon general

CNN says President-elect Barack Obama has approached its medical correspondent, Sanjay Gupta, to be the country's next surgeon general.

U.S. 2008 planned layoffs most in five years
Planned layoffs at U.S. firms eased in December from the previous month's seven-year high but they were up an astounding 275 percent annually, according to a new report.

Al-Qaida No. 2 blames Obama for Gaza

Al-Qaida's No. 2 leader lashed out at President-elect Barack Obama in a new message, accusing him of not doing anything to stop Israel's actions in the Gaza Strip, according to a monitoring center.

Coulter ‘delighted' she isn't banned from NBC

After her appearance on TODAY was canceled earlier in the week, conservative author Ann Coulter was on the show Wednesday, speaking out about unwed mothers and "B. Hussein" Obama. She said she was "delighted to hear" she wasn't banned from NBC.

CBO sees record $1.2 trillion '09 deficit
The U.S. federal budget deficit will hit an unparalleled $1.2 trillion for the 2009 budget year, according to grim new Congressional Budget Office figures.