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American International Group Inc is suing Bank of America Corp to recover more than $10 billion over a "massive fraud" on mortgage debt, deepening the litigation morass facing the largest U.S. bank.

South African double amputee Oscar Pistorius has been selected to run in the 400 meters at the world athletics championships starting in Daegu, South Korea, this month.

The crises at the heart of the international financial and political system go beyond the debt woes currently gripping the Western world and to the heart of the way the global economy has been run for over two decades.

U.S. stock index futures tracked a sharp drop in global equity markets on Monday after rating agency Standard & Poor's cut the top-tier AAA credit rating of the United States, rattling already-jittery investors.

Gold vaulted above $1,700 an ounce for the first time on Monday after pledges by the G7 and the European Central Bank to quell the turbulence in the financial markets did nothing to put investors at ease.

With every gloomy economic report, debt crisis and mood swing on Wall Street, President Barack Obama's fight for re-election in 2012 gets a little tougher.

Agnieszka Radwanska won the biggest hard court title of her career when she upset world number three Vera Zvonareva of Russia 6-3 6-4 to win the San Diego Open on Sunday.

While Adam Scott celebrated the biggest victory of his career at the WGC-Bridgestone Invitational on Sunday, his caddie Steve Williams took a few verbal jabs at his former employer Tiger Woods.

Ervin Santana maintained his brilliant form on the mound with a third straight pitching gem to lead the Los Angeles Angels past the Seattle Mariners 2-1 on Sunday.

British police arrested more than 100 people overnight in London after shops were looted and officers attacked in a second night of violence that followed some of the worst disorder seen in the capital for years.

U.S. gold futures and cash gold struck records in early Asian trade on Monday after the United States lost its top-tier AAA credit rating from Standard & Poor's in an unprecedented blow to the world's largest economy.

Bullion roared to record highs above $1,700 an ounce on Monday as an unprecedented downgrade to the U.S. credit rating sent investors scrambling out of riskier assets, hammering equity markets and the dollar.

A NATO helicopter crashed in Afghanistan's east on Monday but there were no apparent casualties, officials said, another stark reminder of the dangers of the war after 38 people were killed in an air incident, the largest single loss for foreign forces in 10 years.

Japan's Nikkei stock average slid more than 2 percent on Monday as weak sentiment following Standard & Poor's downgrade of the United States' credit rating was exacerbated by futures selling after Asian markets tumbled.

U.S. Open champion Rory McIlroy has signed up to headline a made-for-television golf odyssey through China this year to showcase the sport in the country and the nation's fast-growing cities to the rest of the world.

Mouse ears in the mud. It seemed a fitting end to the 20th anniversary of Lollapalooza, the three-day music festival that started under warm, sunny skies but ended on Sunday night in a rainy dance party.

If you thought "Charlie's Angels" were just kick-ass female superheroes, think again.

Treasury Secretary Timothy Geithner, who had considered stepping down after the government borrowing limit was raised, confirmed on Sunday that he will remain at his post at President Barack Obama's request.

The European Central Bank stepped into bond markets on Monday, backing up a pledge to support Spain and Italy with the aim of averting financial meltdown in the euro zone, while the G7 and G20 offered soothing words to investors shaken by a historic downgrade of the U.S. debt rating.

A downgrade of United States' top-tier credit rating has Wall Street scrambling to figure out the knock-on effects for the financial system, from mortgages to banks to markets that rely on U.S. Treasuries for collateral.

A weekend contest at the world's largest hacking convention in Las Vegas showed one reason why big corporations seem to be such easy prey for cyber criminals: their workers are poorly trained in security.

The European Central Bank said on Sunday it would "actively implement" its controversial bond-buying programme to fight the euro zone's debt crisis, signaling it will buy Spanish and Italian government bonds to halt financial market contagion.

Ervin Santana showed why he may be the hottest pitcher in baseball after a third straight gem led the Los Angeles Angels past the Seattle Mariners 2-1 on Sunday.

Australian Adam Scott held off a bold early challenge from Japanese teenager Ryo Ishikawa to clinch his eighth PGA Tour victory by four shots at the WGC-Bridgestone Invitational on Sunday.

A week that began promisingly for Tiger Woods on his long-awaited PGA Tour return ended in erratic fashion Sunday when he signed off with a level-par 70 at the WGC-Bridgestone Invitational.

Oscar-winning actress Marion Cotillard, cast in the next Batman movie, has a role in a real life Gotham crime after a stalker sent threatening messages to her fan site.

It may have started out as a time-travel mystery starring dinosaurs, but Fox television now appears to be repositioning its pricey new "Terra Nova" series as a family adventure.

Chimps reigned over humans, Smurfs and aliens at movie theaters over the weekend as "Rise of the Planet of the Apes" climbed to the top of box office charts with global ticket sales of $77.4 million.

ABC on Sunday said it is ending "Desperate Housewives" when the current, eighth season wraps up in 2012, sending the popular ladies of Wisteria Lane packing into TV history.