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Obama says misread Islamic State; Qaeda warns of attacks on West

President Barack Obama has acknowledged that U.S. intelligence underestimated the rise of Islamic State fighters in Iraq and Syria, where the head of an al Qaeda branch warned militants will attack the West in retaliation for U.S.-led air strikes.

Sep 29, 2014 11:14 AM EDT

Markets

BlackBerry reports smaller-than-expected loss; revenue falls

BlackBerry Ltd (BB.TO) (BBRY.O) reported a much smaller-than-expected quarterly loss on Friday and said it was concentrating on growth and investments, even as concerns about weak revenue linger.

World

Europe allows gadgets to stay on during flights

Airline passengers will be able to use smartphones and tablet computers throughout their entire flight, the European Aviation Safety Agency (EASA) said on Friday, which could also pave the way for airlines to offer wireless communication services.

Life

Beauty pageants expose dreams and dangers in modern Myanmar

Sparkling in a red, sequined dress, Htet Htet Htun spins around the stage rehearsing a traditional Burmese dance that she hopes will make her stand out from 18 other young hopefuls competing in the first Miss Myanmar World pageant this month.

Chrysler recalls 350,000 vehicles on ignition switch issues

Chrysler Group LLC, a unit of Fiat SpA (FIA.MI), said it will recall about 350,000 vehicles from the 2008 model year because of a condition that may cause the ignition key to get stuck or inadvertently move.

Sep 26, 2014 11:28 AM EDT

Hyundai-led group agrees to $10 billion land deal, stokes union rage

Hyundai Motor Co (005380.KS) and its two affiliates approved Asia's biggest property deal since the financial crisis on Friday when their board members agreed to pay 10.55 trillion won ($10.12 billion) for a trophy plot of land to house a new headquarters in downtown Seoul.

Sep 26, 2014 11:23 AM EDT

Dollar holds near four-year highs, Europe stocks recover

The dollar held just below a four-year high against a basket of currencies on Friday, fuelled by the biggest yield advantage over the euro in nearly 15 years as the Federal Reserve contemplates hiking interest rates.

Sep 26, 2014 11:14 AM EDT

Apple says 'Shellshock' no risk to vast majority of Mac users

Apple Inc (AAPL.O) said the vast majority of Mac computer users are not at risk from the recently identified "Shellshock" computer bug, which security experts have warned affect operating systems, including Mac's OS X.

Sep 26, 2014 11:09 AM EDT

U.S. consumer sentiment ends at 14-month high in September

U.S. consumer sentiment finished September at its strongest in more than a year on growing optimism about the economy and more favorable outlook on future income, a survey released on Friday showed.

Sep 26, 2014 11:00 AM EDT

Ford to recall about 850,000 cars to fix airbag deployment glitch

Ford Motor Co (F.N) said it will recall about 850,000 cars in the United States to fix a software glitch that could lead to a short circuit, delaying the deployment of airbags in the event of a crash.

Sep 26, 2014 10:56 AM EDT

Islamic State tightens grip on Syrian border town, shells hit Turkey

Islamic State fighters tightened their siege of the strategic town of Kobani on Syria's border with Turkey on Friday, pushing back Kurdish forces and sending at least two shells into Turkish territory, witnesses said.

Sep 26, 2014 10:48 AM EDT

Wall St. slumps as Apple drags; S&P breaks support level

U.S. stocks were sharply lower heading into the midpoint of trading on Thursday, with each of the major indexes falling more than one percent and the S&P dropping through a key support level as Apple shares slumped.

Sep 25, 2014 12:07 PM EDT

India triumphs in maiden Mars mission, sets record in space race

India's low-cost mission to Mars successfully entered the red planet's orbit on Wednesday, crowning what Prime Minister Narendra Modi said was a "near impossible" push to become the only country to complete the trip on its maiden attempt.

Sep 25, 2014 11:59 AM EDT

GM expects to sell over three million cars in China this year: Tsien

General Motors Co (GM.N) expects to sell over three million vehicles in China for the second straight year in 2014, with its premium brand forecast to grow 40 percent, the U.S. carmaker's China President Matthew Tsien said on Wednesday.

Sep 25, 2014 11:43 AM EDT

GM's Cadillac adopts new naming scheme as part of brand overhaul

General Motors Co's (GM.N) premium Cadillac brand will adopt a new naming scheme to better compete against overseas luxury rivals as the company's new leader Johan de Nysschen continues to overhaul the unit.

Sep 25, 2014 11:35 AM EDT

Ford to add 1,200 jobs, shift for Transit van assembly in Missouri

Ford Motor Co said on Thursday by year end it will add 1,200 jobs and a second shift to build the Transit commercial van at a plant in Missouri, making it the automaker's largest volume factory globally.

Sep 25, 2014 11:30 AM EDT