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The Federal Reserve slashed the federal funds rate, charged on overnight loans between banks, by one-half a percentage point to 4.75 percent. Wall Street investors were happy. But for average people, the cut doesn't translate into that much money in their pockets.

President Bush will announce the selection of Michael Mukasey, a retired federal judge, to replace Alberto Gonzales as U.S. attorney general. Mukasey heard many high-profile terrorism cases as a federal judge in New York.

Gen. David Petraeus and Ambassador to Iraq Ryan Crocker faced two Senate panels that included no fewer than five senators vying to become U.S. president. Yet they were spared much of the typical campaign trail rhetoric about the war.

Gen. David Petraeus and Ambassador to Iraq Ryan Crocker faced two Senate panels that included no fewer than five senators vying to become U.S. president. Yet they were spared much of the typical campaign trail rhetoric about the war.

Former Prime Minister Nawaz Sharif is scheduled to arrive in Pakistan Monday after years in exile. But he will receive less than a warm welcome from the country's current military ruler, President Gen. Pervez Musharraf, who has ordered the arrest of hundreds of his supporters.

Western movies used to be thick on the land, but they've become scarce at the multiplex. A new one, 3:10 to Yuma, is out now. It is a remake of the 1957 classic, and it stars Russell Crowe and Christian Bale.

While there has been some U.S. military success in Iraq, a "substantial drawdown" of American forces is needed this year, Bill Clinton says. U.S. troops are so stretched that it would be difficult for them to respond to a national security emergency, the former president says.

The newest generation of workers seem to be at the top of managers' worry list these days. These 20-somethings, known as the Millennial Generation, are eager to bounce up the corporate ladder without putting in the time on the lower rungs.

Climate change is not only having an impact on wildlife at the top of the world — it's affecting the economy and the region's business.

The ultimate clean fuel, at least at first glance, is vegetable oil. Plants make it from sunlight, water, and a greenhouse gas — and they remove carbon dioxide from the air as they grow. The oil is easily converted into fuel for diesel engines. Around the globe there's now a rush toward so-called "biodiesel."