Seven Banks in Europe Fail ?Stress Test? for Scant Capital

The tests were meant to see which banks could not survive a double-dip recession and a sharp drop in government bonds.

U.S. Challenges China on Island Chain

The offer to facilitate negotiations between China and its neighbors could open a new source of friction with China.

Stocks Rise in Late Trading

Tests of European banks and mixed quarterly results from U.S. failed to lift the uncertainty over the state of the economic recovery.

Israel Extends Negotiations on Conversion Law

The prime minister delayed consideration of a proposal, assailed by American Jews, to restrict conversions.

Two Years to 2012 Games, London Is in ?Very Good Shape?

Sebastian Coe, chairman of London?s Olympic organizing committee, said he was upbeat about preparations for the 2012 Games despite Britain?s economic woes.

Vandals in Dresden Attack Memorial to Slain Egyptian

Damage was done to several columns of a memorial to Marwa al-Sherbini, the pregnant Egyptian woman who was stabbed to death in a Dresden courtroom last year.

Oil Giant Fined for Shipping Sludge to Ivory Coast

A Dutch court on Friday imposed the maximum fine of $1.28 million on Trafigura for illegally exporting highly toxic waste that ended up dumped in the African nation.

Ford Reports Quarterly Profit of $2.6 Billion

Ford said it earned $2.6 billion in the quarter, its fifth consecutive quarterly profit, and said it expects to have more cash than debt by the end of 2011.

Tropical Storm in Gulf Halts Spill Response Efforts

Officials have ordered the evacuation of response vessels, further stalling efforts to permanently seal the BP well.

For Bobby Fischer, The Drama Won?t Die

The chess master?s estate is disputed by a Japanese woman who claims she was his wife, a Filipino woman who says she is the mother of his child, and two nephews.

Oil Rig Alarm Was Not Fully Turned On, Worker Says

The safety alarm was not fully activated to avoid waking up the crew, and so did not sound during the disaster, a worker testified.

The Assumptions Behind European Banks? Stress Test

Some of the assumptions used by the group testing Europe?s banks are expected to draw criticism.