Suburbs of Somalia's battle-scarred seaside capital are turning into ghost towns as more than 200,000 terrorized residents have fled intensified clashes between Islamist insurgents and government troops, the U.N. and a medical charity said Tuesday.
Investors will be keeping a close eye on how far world leaders will go in expressing support for a strong dollar at the Group of Eight summit in Italy, amid talk that the dollar's status as the world's reserve currency will be on the agenda.
Corey Carter could hear snippets of music in his head — a calm and subtle melody that hadn't found its shape. The 19-year-old college student simply needed a hero to visualize before he could finish his composition for wind ensemble.
Oil prices hovered above $66 a barrel Friday in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent prices tumbling. By mid-afternoon in Europe, benchmark crude for August delivery was down 16 cents to $66.57 a barrell.
A federal judge has granted the Securities and Exchange Commission's request to continue freezing the assets of a California financier charged in a fraud case involving hundreds of millions of dollars.