Iran’s national currency rebounded Wednesday from record lows after the central bank chief acknowledged with rare candor that the “ psychological effects” of new U.S. sanctions were partly responsible for the devaluation and said the country might raise interest rates to stabilize the market. The comments by central bank Governor Mahmoud Bahmani were a clear […]

WASHINGTON ( AP) — Orders for factory- made goods that signal business investment plans fell for a second straight month, part of a mixed report on manufacturing in November. Overall factory orders rose 1.8 percent, the Commerce Department said Wednesday. The largest increase since July was chiefly because of a surge in airplane orders, which […]

BROWNSVILLE, Texas (AP) — The parents of an eighth grader who was fatally shot by police inside his South Texas school are demanding to know why officers took lethal action, but police said the boy was brandishing — and refused to drop — what appeared to be a handgun and that the officers acted correctly. […]

BAGHDAD (AP) — A suicide bomber targeting Shiite pilgrims in southern Iraq killed 30 people, just hours after a wave of bombings hit Shiite areas in Baghdad and killed 27 others, officials said today. The coordinated attacks targeting Shiites bore the hallmarks of Sunni insurgents linked to al-Qaida and added to a deepening sectarian crisis […]