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Eastman enters Korean joint venture

Posted: 12/18/2008 - Eastman Chemical Co. and Korea-based SK Chemicals Co. Ltd. are forming a joint venture to build a manufacturing plant that will produce cellulose acetate tow, a raw material used primarily in cigarette filters.

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US official: Russians intend to test Obama on arms

Posted: 12/17/2008 - The State Department's top arms control official says he believes that the Russian government intends to "test the mettle" of the Obama administration on missile defense and other issues.

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OPEC cuts 2.2 million barrels a day

Posted: 12/17/2008 - OPEC says it is cutting 2.2 million barrels a day from its output -- the largest ever at one time -- to stem crude prices that have plummeted over 70 percent from summer highs of nearly $150.

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Bolivia: Expel all US ambassadors

Posted: 12/17/2008 - Bolivia's president says all Latin American nations should expel U.S. ambassadors until the Cuban embargo is ended.

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Lawyers ready to wrap up Safavian retrial

Posted: 12/16/2008 - A former Bush administration official has decided not to testify during his second corruption trial in the Jack Abramoff lobbying scandal

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Cemex expects 23 percent sales drop in 4th quarter

Posted: 12/16/2008 - Mexican cement maker Cemex SAB says it expects a 23 percent drop in sales during the 4th quarter amid sagging consumer confidence and the nationalization of its plants in Venezuela

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Kenya to step up patrols along its coastline

Posted: 12/15/2008 - Kenya's military chief says Kenya will increase patrols along its coastline because piracy off the coast of neighboring Somalia has made business at Kenya's main port more expensive.

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AP Interview: Rice says Iran scaling back in Iraq

Posted: 12/15/2008 - Secretary of State Condoleezza Rice says Iran has chosen to scale back much of its most troubling interference in Iraq, and she credits the strength of U.S. pressure.

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Rice: Bush approach best to achieve Mideast peace

Posted: 12/15/2008 - Secretary of State Condoleezza Rice says the Mideast peace process that President Bush launched last year is the best chance yet to end the conflict between Israel and the Palestinians.

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Questions of KGB ties for activist

Posted: 12/15/2008 - A woman who traveled to the U.S. as an independent activist is at the center of a high-stakes campaign between Russia and its neighbor, Georgia.

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UK households' debt struggle at 13-year high

Posted: 12/15/2008 - A survey published by the Bank of England shows more British households are struggling with their debts now than at any time in at least 13 years.

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Russia flirts with OPEC on production cuts

Posted: 12/15/2008 - OPEC ministers are gathering in Algeria to discuss a big production cut, but attention is also focused on the question of what Russia will do.

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