Dubai crisis jolts markets, but early fears ease
NEW YORK (AP) — Dubai's debt crisis rattled world financial markets Friday, raising concerns that some banks could further tighten lending and stall the global economic recovery. The possible spillover effects centered on fears that international banks could suffer big losses if Dubai's investment arm defaulted on its $60 billion debt. Stock and commodity markets tumbled in New York, London and Asia as investors flocked to the U.S. dollar as a safe haven.
Diplomats: Iran censured at UN nuclear meeting
VIENNA (AP) — In a blow to Iran, the board of the U.N. nuclear agency on Friday overwhelmingly backed a demand from the U.S., Russia, China and three other powers that Tehran immediately stop building its newly revealed nuclear facility and freeze uranium enrichment. Iranian officials shrugged off approval of the resolution by 25 members of the 35-nation board of the International Atomic Energy Agency. But the U.S. and its allies hinted of new U.N. sanctions if Tehran remains defiant.
Police chief: Woods' wife helped after accident
Tiger Woods was injured early Friday when he lost control of his SUV outside his Florida mansion, and a local police chief said Woods' wife used a golf club to smash out the back window to help get him out. The world's No. 1 golfer was treated and released from a hospital in good condition, his spokesman said. The Florida Highway Patrol said Woods' vehicle hit a fire hydrant and a tree in his neighbor's yard after he pulled out of his driveway at 2:25 a.m.
White House: State dinner crashers met Obama
WASHINGTON (AP) — The Virginia couple who crashed a presidential dinner met President Barack Obama in the receiving line, the White House said Friday, as a "deeply concerned and embarrassed" Secret Service acknowledged its officers failed to check whether the couple was on the guest list. The White House released a photo showing the Salahis in the receiving line in the Blue Room with Obama and Indian Prime Minister Manmohan Singh, in whose honor the dinner was held. Obama and Michaele Salahi are smiling as she grasps his right hand with both of hers as her husband, Tareq, looks on. Singh is standing to the left of Obama.
US and China to reduce emissions, but not enough
AMSTERDAM (AP) — Even after the U.S. and China set targets this week for reducing greenhouse gas emissions, the world's combined pledges ahead of next month's climate summit fall far short of what experts say is needed to avert dangerous global warming. Still, emission promises by the two countries, the world's biggest polluters, added much-needed momentum as governments began final preparations for the 192-nation conference in Copenhagen, where parameters will be set for a new climate change agreement.
Signs of life in stores as holiday shopping begins
The nation's shoppers took advantage of deals on toys and TVs with some renewed vigor in stores and online on Black Friday after a year of concentrating their spending on basic necessities. Though the first numbers won't be available until Saturday, early reports indicated bigger crowds than last year, with people buying more and even throwing in some items for themselves.
Space shuttle Atlantis, 7 astronauts back on Earth
CAPE CANAVERAL, Fla. (AP) — Space shuttle Atlantis and its seven astronauts returned to Earth with a smooth touchdown Friday to end an "amazing" flight that resupplied the International Space Station. Within a few hours of landing, the astronauts feasted on turkey and trimmings with their families.
4 killed at Fla. Thanksgiving, relative sought
JUPITER, Fla. (AP) — A Florida man opened fire on his family after Thanksgiving dinner, killing his pregnant sister, 6-year-old cousin and two other relatives before speeding off and initiating a statewide manhunt, police said Friday. Police were searching for Paul Michael Merhige, 35, of Miami. He also is accused of gunning down his pregnant sister's twin and his 79-year-old aunt. Jupiter Police Sgt. Scott Pascarella said there had been an "ongoing resentment" in the family, but did not elaborate.
Body of trapped Utah spelunker won't be recovered
SPANISH FORK, Utah (AP) — The popular Utah cave where a 26-year-old medical student died earlier in the week will be closed permanently and his body will not be removed, state and county officials said Friday. Any effort to recover John Jones' body from the cramped underground chute where he became stuck with his head at an angle below his feet Tuesday night would simply be too dangerous, they said.
No. 2 Alabama squeaks past rival Auburn 26-21
AUBURN, Ala. (AP) — Pushed to the limit and outplayed most of the game, No. 2 Alabama found its championship form in the nick of time. The Tide stayed perfect with an imperfect 26-21 victory Friday over Auburn, taking the lead with a tenacious drive that was capped by Greg McElroy's 4-yard touchdown pass to Roy Upchurch with 1:24 left.
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