Receive Breaking News updates as they occur
WASHINGTON (AP) — President Barack Obama on Friday gave the military one year to make progress on an epidemic of sexual assault or face potential tougher reforms, hours after Congress sent a sweeping defense bill for his signature that cracks down on the crime in its ranks.
TORONTO (AP) — BlackBerry reported a massive $4.4 billion loss in the third quarter and 56 percent drop in revenue in its first results under new chairman and interim chief executive John Chen who hopes to make the company profitable again by 2016.
The Standard and Poor's ratings agency slapped a credit downgrade on the European Union, blaming threats to cohesion including Britain's role in curtailing budgets and holding a membership referendum. But Brussels shrugged off the agency's decision to slash its long-term debt rating by one notch from "AAA" to "AA+", saying the grounds cited were "questionable".