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President Biden said the current law limits his administration's power to hold executives responsible when midsize banks fail due to mismanagement.

Hurricane Ike is storming toward the Gulf Coast of Texas — home to a quarter of the nation's oil refining capacity. As refineries shut down in anticipation of the storm, wholesale gasoline prices have shot up, despite crude oil prices falling to their lowest level in more than five months.

Soldiers from Niger's presidential guard have blockaded the presidential palace, and regional African leaders condemned the move as an "attempted coup."

Former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling are convicted Thursday of conspiracy to commit securities and wire fraud in a case born from one of the biggest business scandals in U.S. history. The pair now face lengthy prison sentences.

His name was Alvin Thomas. But nobody dared call him that. "Titanic" Thompson earned his nickname from a life spent gambling -- because Titanic could sink anybody.

Because of a sharp drop in corporate underwriting, National Public Radio has announced the elimination of 64 filled and 21 unfilled positions as part of cuts throughout the organization. Two shows, News & Notes and Day to Day, were canceled.

As the U.S. dollar hit a 12-year low Thursday in relation to the yen, U.S. Treasury Secretary Henry Paulson talks with Melissa Block about the weakness of the dollar and recommendations from the president's working group on shoring up the nation's financial services sector.

Chaos surrounds cycling's Tour de France as three riders are dismissed from the race on charges of doping. One was the leading rider, Michael Rasmussen, a Dane. He had been under heavy suspicion for failing to report his whereabouts to drug authorities during pre-tour training.

Kentucky Derby-winning jockey Calvin Borel awaits a much-anticipated run at the Triple Crown with the second of three events, the Preakness, set to take place Saturday in Baltimore.

Colombia told the U.S. about the raid to rescue hostages from FARC rebels two weeks ago, Pentagon sources say. The U.S. was asked to provide help in the form of surveillance aircraft to eavesdrop on rebels. No Americans were on the ground.