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Federer, Sharapova take center stage but eyes on Venus

Roger Federer and Maria Sharapova will take center stage at the U.S. Open on Friday but Flushing Meadows is slowly turning into a Williams family affair with the sisters eager to add to their grand slam collections.

Aug 29, 2014 10:26 AM EDT

News

Obama says does not yet have military strategy for Islamic State

President Barack Obama said on Thursday the United States has not yet developed a strategy for confronting Islamic State in Syria, an acknowledgement that a decision had not been made on whether to launch air strikes against the militant group.

World

Syrian refugees top 3 million, half of all Syrians displaced: U.N.

Three million Syrian refugees will have registered in neighboring countries as of Friday, but many remain trapped by the advance of Islamist militants or are having difficulty in reaching open border crossings, the United Nations said.

Personal Finance

Cautious U.S. consumers cut spending, boost savings

U.S. consumer spending unexpectedly fell in July as savings rose to their highest level in more than 1-1/2 years, indicating that households remain cautious despite an acceleration in economic growth.

Wall Street dips on Ukraine concerns despite strong data

U.S. stocks fell on Thursday after Ukraine's president said Russian forces had been brought into his country, bringing concerns over the volatile region back into focus and overshadowing some positive economic data.

Aug 28, 2014 11:14 AM EDT

NASA says new heavy-lift rocket debut not likely until 2018

NASA’s new heavy-lift rocket, designed to fly astronauts to the moon, asteroids and eventually Mars, likely will not have its debut test flight until November 2018, nearly a year later than previous estimates, agency officials said on Wednesday. NASA is 70 percent confident of making a November 2018 launch date, given the technical, financial and management hurdles the Space Launch System faces on the road to development, NASA associate administrators Robert Lightfoot and Bill Gerstenmaier told reporters on a conference call.

Aug 28, 2014 11:04 AM EDT

Pending home sales rise sharply, point to stronger market

Americans signed more contracts in July to buy previously-owned homes than in any month in almost a year, suggesting the housing market was pulling out of its slump more quickly than expected.

Aug 28, 2014 11:01 AM EDT

West Africa Ebola outbreak could infect 20,000 people, WHO says

The Ebola epidemic in West Africa could infect more than 20,000 people, the U.N. health agency said on Thursday, warning that an international effort costing almost half a billion dollars is needed to overcome the outbreak.

Aug 28, 2014 10:50 AM EDT

Angelina Jolie and Brad Pitt wed in France: media reports

Brad Pitt and Angelina Jolie, the glamorous Hollywood couple dubbed "Brangelina" in tabloid headlines, were married in France, according to media reports on Thursday.

Aug 28, 2014 10:48 AM EDT

Samsung unveils smartwatch that can make calls

Samsung Electronics Co Ltd on Thursday unveiled what it said was the first smartwatch capable of making and receiving calls without a mobile phone nearby, in the South Korean firm's latest effort to find a new growth driver.

Aug 28, 2014 10:45 AM EDT

Winning Wawrinka bristles as Peng causes upset

Second round action at the U.S. Open began with a shock and ended with some late-night drama as men's third seed Stan Wawrinka barked at fans before shouting for joy at his 6-3 6-4 3-6 7-6 (1) win over Thomaz Bellucci on Wednesday.

Aug 28, 2014 10:42 AM EDT

Santa Fe city council votes to decriminalizes marijuana

Santa Fe on Wednesday became the latest U.S. city to decriminalize small amounts of marijuana, with lawmakers in the New Mexico capital voting to change local statutes rather than put the issue to a public ballot in November.

Aug 28, 2014 10:38 AM EDT

Crisis deepens as Ukraine says Russian troops back rebel advance

Ukrainian President Petro Poroshenko said on Thursday that Russian forces had entered his country and the military conflict was worsening after Russian-backed separatists swept into a key town in the east.

Aug 28, 2014 10:35 AM EDT

U.S. second-quarter growth strengthens

The U.S. economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses.

Aug 28, 2014 10:32 AM EDT

Fund managers look to make room for Alibaba

Investors are looking over portfolios to make room for Chinese e-commerce giant Alibaba Group Holdings Inc's market debut next month - and that means some less attractive stocks that funds are holding might be shown the door.

Aug 27, 2014 9:39 AM EDT

Teenager gatecrashes Serena and Federer party

Despite boasting 34 grand slam singles titles between them, Serena Williams and Roger Federer were forced to share the spotlight with a 15-year-old at the U.S. Open on Tuesday as all three advanced to the second round.

Aug 27, 2014 9:31 AM EDT