Sony said it will slash 8,000 jobs, scale back investments and pull out of unprofitable businesses as it aims to cut $1.1 billion in costs out of its struggling electronics operations.
AP - Congressional Democrats and the White House worked to resolve their last disputes Monday over terms of a $15 billion bailout for U.S. auto makers — complete with a "car czar" to oversee the industry's reinvention of itself — that's expected to come to a vote as early as Wednesday.
AP - A fighter jet returning to a Marine base after a training exercise crashed in flames in a San Diego neighborhood Monday, killing three people on the ground, leaving one missing and destroying two homes.
AP - Wild, unprovoked gunfire and grenades killed 14 innocent Iraqis and hurt dozens more in a 2007 Baghdad attack, prosecutors said Monday in announcing charges with mandatory 30-year prison terms against five Blackwater Worldwide security guards.
Former Vice President Al Gore is set to meet with President-elect Barack Obama and Vice President-elect Joe Biden on Tuesday, leading to speculation Obama is eyeing Gore for a slot in his administration. According to the Obama transition office, the meeting will focus on issues relating to energy and climate change, and how the new administration's environmental policies can spur job creation.
At least two people were killed today when a military fighter jet crashed into a residential neighborhood in San Diego, California. Two other people are missing. The pilot ejected before the crash and is hospitalized. The F/A-18 jet was trying to land at Marine Corps Air Station Miramar when it went down.
Five detainees at Guantanamo Bay, Cuba, say they want to confess to conspiracy charges for planning the September 11, 2001, attacks, a Pentagon spokeswoman said Monday.