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  • ISIS claims beheading of Japanese hostage Saturday, 24 Jan 2015 | 3:32 PM ET
    An armed motorcade belonging to members of Derna's Islamic Youth Council, consisting of former members of militias from the town of Derna, drive along a road in Derna, eastern Libya October 3, 2014.

    Japan expressed outrage at an image that purported to show the decapitated body of one of two Japanese hostages captured by ISIS.

  • Obama to cut short India trip to pay call on Saudi Arabia Saturday, 24 Jan 2015 | 12:22 AM ET

    WASHINGTON— President Barack Obama will cut short his three-day trip to India to travel to Saudi Arabia to pay respects following the death of King Abdullah, U.S. and Indian officials said Saturday, hours before the U.S. president was to depart for New Delhi. White House spokesman Josh Earnest said the president and first lady Michelle Obama would travel to...

  • BUENOS AIRES, Jan 23- Argentina suspects rogue agents from its own intelligence services were behind the death of a state prosecutor investigating the deadly 1994 bombing of a Jewish community center in Buenos Aires. He had been scheduled to appear before Congress on Monday to answer questions about his allegation that President Cristina Fernandez...

  • *Saudi-led OPEC focus set to stay on retaining market share. LONDON, Jan 23- Brent crude oil rose on Friday after the death of Saudi Arabia's king added to uncertainty in oil markets, although the new ruler indicated immediately there would be no policy change. Brent crude rose to a high of $49.80, up $1.28 a barrel, before easing to around $49.20 by 1515 GMT.

  • DUBAI, Jan 23- Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday in a message aimed at calming a jittery energy market mindful of Naimi's powerful role within the OPEC group of oil-exporting countries. The 79- year-old Naimi has been a leading figure in the market for two decades and successfully argued in November that...

  • Saudi Prince: We'll never see $100 oil again  Friday, 23 Jan 2015 | 9:35 AM ET

    Prince Alwaleed bin Talal, Kingdom Holdings chairman, shares his thoughts on his uncle's legacy, and denies his country is punishing U.S. frackers.

  • *King Salman faces biggest economic challenge since global crisis. Saudi Arabia can no longer throw money at problems in same way. King Salman, who took the throne in the early hours of Friday after the death of his brother King Abdullah, inherits an economy that faces its biggest challenge since the global financial crisis in 2009..

  • NEW YORK— McDonald's isn't lovin' it, and it's going to do something about it. The world's largest hamburger chain reported falling earnings and sales for its fourth quarter on Friday and says it is going to take action this year to save money and bring customers back. But the fast-food giant said its problems won't be fixed overnight: It expects sales to remain weak...

  • *Was subject of al Qaeda assassination bid. RIYADH, Jan 23- Saudi Arabia's Interior Minister, Prince Mohammed bin Nayef, a close friend of the United States and a scourge of Islamist militants, will be the country's first king from the third generation of its ruling dynasty. By sending an assassin to try to kill Prince Mohammed when he was Saudi security chief in...

  • By appointing his youngest half-brother Muqrin, 69, as Crown Prince and nephew Mohammed bin Nayef, 55, as Deputy Crown Prince, Salman has swiftly quelled speculation about internal palace rifts at a moment of great regional turmoil. Salman, thought to be 79, takes over as the ultimate authority in a country that faces long-term domestic challenges compounded...

  • *Was subject of al Qaeda assassination bid. RIYADH, Jan 23- Saudi Arabia's Interior Minister, Prince Mohammed bin Nayef, a close friend of the United States and a scourge of Islamist militants, will be the country's first king from the third generation of its ruling dynasty. By sending an assassin to try to kill Prince Mohammed when he was Saudi security chief in...

  • RIYADH, Jan 23- Saudi Arabia's new King Salman appointed a grandson of the founding monarch into the line of succession for the first time on Friday, moving fast after the death of King Abdullah to quell fears of dynastic instability at a time of regional turmoil. Mohammed bin Nayef becomes the first grandson of the kingdom's founding monarch, King Abdulaziz,...

  • *Driven by U.S. companies and some cost cutting in Europe. Chief executives, bankers and investors gathering at the World Economic Forum in Davos, Switzerland, said they expected U.S. companies to take advantage of a rising dollar and robust growth at home to strengthen their position in global markets. "There are always great opportunities in the aftermath of a...

  • DAVOS, Switzerland, Jan 23- Jordan's King Abdullah has pulled out of the World Economic Forum in Davos, Switzerland, early following the death of Saudi Arabia's King Abdullah. The early departure of Jordan's king forced the forum to change a session at which he was due to speak on Friday about Middle East security. The forum, which gathers 2,500 political and...

  • Saudi Arabia to bury King Abdullah on Friday Friday, 23 Jan 2015 | 2:51 AM ET

    RIYADH, Jan 23- Saudi Arabia will bury King Abdullah in an unmarked grave on Friday, hours after it moved to ensure a smooth transition by appointing a new king and crown prince to quell fears of dynastic instability at a time of regional turmoil. Abdullah's successor, King Salman, now takes over as the ultimate authority in a country that faces unprecedented...

  • *Saudi-led OPEC has kept output steady in fight for market share. SINGAPORE, Jan 23- Sauid Arabia's new king is expected to stick to an OPEC policy of keeping oil output steady to protect the cartel's market share from rival producers, even as energy markets face some of the biggest shifts in decades. Saudi Arabia's King Abdullah died early on Friday and his brother...

  • NEWSMAKER-New Saudi ruler King Salman bin Abdulaziz Thursday, 22 Jan 2015 | 7:22 PM ET

    RIYADH, Jan 23- The death on Friday of Saudi Arabia's King Abdullah means Salman bin Abdulaziz has become the country's new ruler and the last to be born before the discovery of oil in the world's top crude exporter. As king, Salman, 78, will have to navigate regional turmoil caused by wars in Iraq and Syria, as well as a bitter rivalry with Shi'ite Muslim power Iran and...

  • Saudi King Abdullah was a cautious reformer Thursday, 22 Jan 2015 | 7:09 PM ET

    RIYADH, Jan. 23- Saudi Arabia's King Abdullah bin Abdulaziz, born the year the first motorcar bumped through the dusty streets of Riyadh, left a modernizing legacy of cautious social and economic reform. King Abdullah, thought to have been born in 1924, had ruled Saudi Arabia as king since 2006, but had run the country as de facto regent for a decade before that.

  • Need to know: King Salman  Thursday, 22 Jan 2015 | 7:00 PM ET

    Here's what you need to know about Saudi Arabia's new monarch, King Salman bin Abdulaziz.

  • Jan 22- Starbucks Corp on Thursday said director Kevin Johnson would become its president and chief operating officer on March 1, replacing long-time executive Troy Alstead, who said he is taking an extended sabbatical to spend time with his family. Johnson, 54, has been a Starbucks board member since 2009. He was the chief executive of Juniper Networks Inc from...