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Wholesale inventories rose 1 percent in December

Wholesale businesses increased their stockpiles sharply in December although the gains are expected to slow in coming months, a development that could curb overall economic growth.

    Mich. governor ties extra school cash to learning

    Michigan's governor said Thursday that the state should capitalize on its brightest economic outlook in a decade by opening its checkbook to school districts - but only those that can show their students actually are learning from year to year.

    Greek deal to cut spending does not end debt drama

    More than two years after it came clean about its addiction to debt, Greece may finally have begun its long and painful road to recovery.

      Kodak to stop making cameras, digital frames

      Picture it: Save for a few disposable point-and-shoots, Kodak is exiting the camera business.

        2 Key Ford leaders to retire, Mulally to stay on

        Two of the architects behind Ford's remarkable turnaround are retiring, and their departures have intensified the guessing game over who will become the next CEO.

          Stocks close higher after debt deal in Greece

          The stock market finally got a deal in Greece, but it didn't produce much of a rally.

            $25B settlement reached over foreclosure abuses

            A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.

            Markets buoyed by news of Greek debt deal

            Markets were shored up by the news that Greece's party leaders agreed a deal on new cuts that are necessary for the country to get crucial bailout funds.

              Unemployment aid applications near a 4-year low

              The number of people seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months.

                Famed Spain judge convicted of misusing authority

                The Spanish judge celebrated for pursuing international human rights cases was convicted of overstepping his jurisdiction in a domestic corruption probe Thursday and barred from the bench for 11 years, completing a spectacular fall from grace for one of Spain's most prominent people.

                ECB keeps interest rates low as recession looms

                The European Central Bank kept its key interest rate at a record low of 1 percent on Thursday as it waits to see if the 17-nation eurozone needs more help to stave off recession.

                  Romanian parliament approves new government

                  Romania's Parliament approved a new government led by a former spy chief on Thursday, and he promised to keep up the austerity measures the country imposed to win international loans but to raise public-sector salaries as soon as he can.

                  Pepsico to cut 8,700 jobs; 4Q net rises

                  PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America.

                    Bank of England backs another stimulus

                    The Bank of England is to inject another 50 billion pounds ($79 billion) into the British economy, which contracted in the last three months of 2011 and is likely to face further difficulties as Europe struggles to contain its raging debt crisis.

                    Ullrich stripped of 3rd-place finish at 2005 Tour

                    Another day, another doping case, another Tour de France result amended.

                    Leaving 'No Child' law: Obama lets 10 states flee

                    It could be the beginning of the end for No Child Left Behind.

                    Police issue warrant for Maldives ex-president

                    A court in the Maldives issued an arrest warrant Thursday for former President Mohamed Nasheed, a day after his supporters rampaged in the capital and his claim of being ousted in a coup left unclear the stability of the fledging Indian Ocean democracy.

                    Syrian forces renew bombardment in Homs

                    Syrian forces fired mortars and rockets that killed scores of people Thursday in the rebellious city of Homs, activists said, the latest strike in a weeklong assault as President Bashar Assad's regime tries to crush increasingly militarized pockets of dissent.

                    Mercedes helps Daimler to 57 pct Q4 profit rise

                    Strong sales of Mercedes luxury cars in China and the United States helped German automaker Daimler AG post a stronger than expected 57 percent increase in fourth quarter profits.

                    No. 10 Duke stuns No. 5 North Carolina 85-84

                    Harrison Barnes shook off his nagging ankle injury and a series of undersized defenders to help No. 5 North Carolina take charge in the second half. He just couldn't finish off No. 10 Duke.

                      Jokinen's hat trick leads Flames past Sharks 4-3

                      Olli Jokinen capitalized on a turnover by Colin White to break a third-period tie with his third goal of the game, and the Calgary Flames beat the San Jose Sharks 4-3 Wednesday night.

                        Bench leads Rockets to 103-96 win over Blazers

                        Chase Budinger had 22 points off the bench and the Houston Rockets beat the Portland Trail Blazers 103-96 on Wednesday night.

                        Bench leads Rockets to 103-96 win over Blazers

                        Chase Budinger had 22 points off the bench and the Houston Rockets beat the Portland Trail Blazers 103-96 on Wednesday night.

                        Perry's OT goal gives Ducks 3-2 win over Canes

                        All-Star Corey Perry scored at 2:14 of overtime to help the Anaheim Ducks beat the last-place Carolina Hurricanes 3-2 on Wednesday night for their second straight victory.

                          Wake Forest falls short to No. 19 Virginia

                          Wake Forest coach Jeff Bzdelik felt like he was watching a rerun of a horror movie Wednesday night.

                            Grizzlies end 3-game skid, beat Timberwolves 85-80

                            Rudy Gay had 19 points and nine rebounds, and Quincy Pondexter added a career-high 17 points as the Memphis Grizzlies snapped a three-game losing streak with a 85-80 victory over the Minnesota Timberwolves on Wednesday night.

                            No. 22 Michigan defeats struggling Nebraska 62-46

                            Nebraska coach Doc Sadler used two words to sum up why his Cornhuskers lost 62-46 to 22nd-ranked Michigan on Wednesday night.

                            Nowitzki scores 25 in Mavs' 105-95 win vs. Nuggets

                            Dirk Nowitzki scored 25 points and the Dallas Mavericks snapped a three-game losing streak by beating the undermanned Denver Nuggets 105-95 on Wednesday night.

                              Pakistan: Second US drone strike in 2 days; 3 dead

                              A U.S. drone fired two missiles at a house in Pakistan's northwest tribal region, killing three suspected militants in the second such attack in as many days, Pakistani intelligence officials said.

                                No. 10 Duke stuns No. 5 North Carolina 85-84

                                Austin Rivers and his Duke teammates kept hanging around, doing just enough to keep North Carolina from blowing the game open until the Tar Heels finally gave them an opening.

                                  Georgetown falls to No. 2 Syracuse 64-61 in OT

                                  A year ago John Thompson III finally achieved a win on hallowed ground, guiding his Georgetown Hoyas to a victory over rival Syracuse in the Carrier Dome, his first victory under the teflon dome in six tries.

                                  No. 6 Baylor loses again to No. 7 Kansas, 68-54

                                  One of the first things Baylor coach Scott Drew talked about after another loss to Kansas was wanting his team to now imitate the Jayhawks.

                                  Grizzlies end 3-game skid, beat Timberwolves 85-80

                                  Rudy Gay had 19 points and nine rebounds, and Quincy Pondexter added a career-high 17 points as the Memphis Grizzlies snapped a three-game losing streak with a 85-80 victory over the Minnesota Timberwolves on Wednesday night.

                                  Miller makes 36 saves as Sabres blank Bruins 6-0

                                  With Buffalo Sabres coach Lindy Ruff nursing three broken ribs and watching from the press box, goalie Ryan Miller made 36 saves to earn his second shutout in three games in a 6-0 win over the Boston Bruins on Wednesday night.

                                    No. 15 Florida State falls to Boston College 64-60

                                    All the frustrating late-game losses finally were worth it for Boston College. The young Eagles looked as if they've grown up a lot with their upset of No. 15 Florida State.

                                      No. 22 Michigan defeats Cornhuskers 62-46

                                      Zack Novak scored 14 points to go over 1,000 for his career and No. 22 Michigan defeated Nebraska 62-46 on Wednesday night.

                                      Red Wings run home streak to 18 wins, beat Oilers

                                      Drew Miller and Henrik Zetterberg scored in the third period, and the Detroit Red Wings extended their home winning streak to 18 games with a 4-2 victory over the Edmonton Oilers on Wednesday night.

                                        Boozer scores 18 as Bulls rout Hornets 90-67

                                        Carlos Boozer scored 18 points and the Chicago Bulls won their fourth straight game while nearly holding New Orleans to a franchise low in points during a 90-67 rout Wednesday night.

                                        Josh Smith scores 28, Hawks beat Pacers 97-87

                                        Josh Smith scored 28 points and grabbed 12 rebounds, leading the Hawks to a 97-87 victory over the Indiana Pacers on Wednesday night that snapped Atlanta's three-game home losing streak.

                                          Monroe's double-double leads Pistons over Nets

                                          Greg Monroe had 20 points and 12 rebounds and the Detroit Pistons won their season-high third straight game with a 99-92 victory over the New Jersey Nets on Wednesday night.

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