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JCPenney ousts CEO: Is it too late for the company?

JCPenney has fired CEO Ron Johnson after 17 months, following a disastrous 'no sales' pricing scheme and a muddled rebranding effort. As JCPenney struggles to curb losses and keep up with competitors, is the end near for the 111-year-old retailer?
Terrorism & Security North Korea suspends last major project with South Korea

North Korea's decision to pull its workers from Kaesong industrial park coincides with speculation that it could carry out a missile test.
Stocks rise; Best Buy jumps 16 percent

Stocks ended higher on Wall Street Thursday, regaining half of its plunge the day before, as buyers returned to the market. Among stocks making big moves, electronics retailer Best Buy jumped $3.48, or 16 percent, to $25.13.
Fort Knox on lockdown after shooting

The U.S. Army base in Fort Knox, Kentucky had heightened security in place following a reported shooting near a human resources facility there. It was unclear whether there had been casualties.
In Gear Hyundai, Kia recalling over 1.8 million vehicles in US

The National Highway Traffic Safety Administration has announced that the South Korean automakers will recall nearly two million cars and SUVs in the US.
Terrorism & Security Myanmar fire kills 13 Muslim students, adding to Buddhist-Muslim tensions

Police are blaming the blaze in Yangon on an electrical short, but some of Myanmar's Muslims are suspicious following religious violence around the country.
Terrorism & Security Reality check? North Korean parliamentary session shifts tone

After weeks of belligerent talk, North Korea espoused a 'new strategic line,' saying its struggling economy as well as its military strength is a top priority.
Strong rise in consumer spending caps good week in economic news

Consumer spending went up, so did income and economic output. Consumer confidence was mixed, while home sales took a breather. Here's a roundup of what happened in economic news this week.
Hacker 'Weev' sentenced to 41 months in jail for iPad hack

'Weev,' whose real name is Andrew Auernheimer, was charged with breaking into AT&T servers and distributing a list of e-mail addresses belonging to iPad users.
Terrorism & Security War draws closer to Lebanon with Syrian threat of attack

In an ominous turn, Syria warned Lebanon today against continuing to provide refuge for rebels battling the Assad regime, saying its restraint was limited.
Argentine pope: A reflection of Catholicism 'south of the equator'

Residents of Buenos Aires met the papal announcement with surprise, checking smartphones in the street and asking each other if the news was true.
Africa Monitor Foreign correspondents in Africa still struggle to tell the whole story

Western journalists in Africa are rightly criticized for simplistic coverage of African affairs, writes Tom Murphy, but are they doing the best with the resources they have?
Terrorism & Security India bars Italian envoy from leaving, escalating tensions over marines shooting incident

India wants Italy to send two Italian marines accused of shooting Indian fishermen back to stand trial. Italy has refused, despite having promised earlier that it would.
Terrorism & Security Militant attack in Kashmir shatters years of calm

The armed separatism of the 1990s had largely faded away, but a peace accord never followed. Frustration had been mounting in recent weeks over an execution and an expansive policing law.
Global News Blog Two prominent Saudi human rights activists receive 10 years in jail

Mohammed Fahd al-Qahtani and Abdullah Hamad were sentenced to at least 10 years in jail Saturday for sedition and providing foreign media with false information.
Obama moves from confrontation to wooing Republicans. Will it work?

President Obama's job rating has dropped in the latest poll. Now, he's moving away from confrontation, planning to meet with House and Senate Republicans on their turf next week.
Terrorism & Security UN peacekeepers pull out of Syrian-Israeli DMZ as civil war edges closer

The eight peacekeepers, who were escorted into Israel by the IDF, are part of the same battalion as 21 UN troops who were captured by Syrian rebels on Wednesday.
Are Congress and Obama moving toward a budget deal?

As the public's patience with partisan politics wears thin, signs in Washington indicate possible movement toward bipartisan budget decision-making. The House passed a bill which would fund government programs through this fiscal year on Wednesday. The Senate is expected to pass a similar measure soon. Also on Wednesday, President Barack Obama invited Republican Senators to dinner.
Microsoft fined $730 million over browser choice

The European Union imposed a sanction on Microsoft after it failed to comply with a settlement where it promised to present Windows users with easier access to other Web browsers.
New Facebook lawsuit says company hid important information

A new Facebook lawsuit says the company should have made its revenue situation more clear in the run-up to the 2012 IPO. This is yet another IPO lawsuit against Facebook.
Global News Blog Forbes 2013 billionaire list: rich get richer, women ascend

The aggregate wealth of the world's billionaires is at an all-time high, and 210 new names, including 34 women, have joined the list.
Terrorism & Security Sentencing of Islamist leader brings unhealed rifts to surface in Bangladesh

Thousands in Bangladesh protested the death sentence handed to an Islamist political leader for crimes committed during the independence war. At least 40 were killed in the clashes.
Bradley Manning pleads guilty to some WikiLeaks charges (+video)

Army Pfc. Bradley Manning has pleaded guilty to charges that he broke military rules in providing classified information to WikiLeaks. But he denies the more serious charges of aiding the enemy during wartime, for which he still faces a court martial.
Global News Blog Benedict XVI pledges support to successor on his last day as pope (+video)

Some 118 cardinals will commence a closed door gathering to select the next pope in the coming weeks.
Terrorism & Security US will send nonlethal aid directly to Syrian rebels (+video)

Secretary of State John Kerry said that some groups the US doesn't support are gaining more influence with the rebels in the absence of greater Western help.