Prosecutor: Items in student's car could make bomb
TAMPA, Fla. - An Egyptian college student and another man were carrying pipe bombs and other items that could be combined to build a destructive 'incendiary bomb' when they were stopped by authorities during a multistate road trip, a federal prosecutor told a jury Wednesday.
In a case with terrorist overtones, prosecutor Jay Hoffer said 23-year-old Youssef Samir Megahed, a former University of South Florida engineering student, is guilty of transporting explosives and possessing a destructive device.
Suspect in NC slaying of family of 4 dead in Utah
RALEIGH, N.C. - A suspected opium trafficker wanted in the slaying of four North Carolina family members shot himself to death after a police chase in Utah and investigators said Wednesday they believe the family killing was related to drug trafficking.
Authorities also said the surviving husband and father of the slain family may face charges of trafficking drugs, although he is not implicated in the deaths of his wife and three children.
Shuttle, station crews begin girder work
CAPE CANAVERAL, Fla. - The astronauts aboard the linked space shuttle and space station began their high-priority girder work Wednesday, a two-day job that will culminate with the installation of two new solar wings at the orbiting outpost.
Discovery's robot arm was going to assist with the work.
The $300 million girder - which has a radiator along with the solar wings - is the last major American-made piece of the space station. And the pair of wings are the station's last.
Rescuers back off after NJ porpoise shows its smarts
LITTLE EGG HARBOR TOWNSHIP, N.J. - Rescuers who hoped to capture a young harbor porpoise that won't leave a southern New Jersey lagoon have called off their efforts.
The Marine Mammal Stranding Center determined Wednesday that the animal's expertise at evading nets shows it's in fine health.
The porpoise has been feeding and frolicking for a week in a chain of lagoons off Barnegat Bay in Ocean County.
Wife divorcing ex-CEO: $43M not enough
HARTFORD, Conn. - A 36-year-old Swedish countess divorcing a former CEO said she cannot live on $43 million.
Marie Douglas-David, a former investment banker, said she has no income and needs her 67-year-old husband, George David, to pay her more than $53,000 a week to cover her expenses.
David stepped down last year as chief executive at Hartford-based United Technologies Corp. but has an estimated net worth of $329 million.
Stocks jump after Fed says it will buy Treasurys
NEW YORK - The Federal Reserve is keeping Wall Street's big rally alive - and giving the Treasury market a boost as well.
The Fed said Wednesday it will start buying Treasurys to help open up tight credit markets and help the economy start growing again. The central bank will purchase up to $300 billion of longer-term Treasury securities over the next six months. The decision sent both government bonds and stocks soaring as investors expected the move to drive down borrowing costs for everything from mortgages to credit cards.
Oil prices fall on inventory report
NEW YORK - Oil prices slumped Wednesday on a government report showing that crude and gasoline inventories are bulging with surplus supply.
Benchmark crude for April delivery fell $1.02 to settle at $48.14 a barrel on the New York Mercantile Exchange.
Actor saves man who fell on tracks in NYC subway
NEW YORK - An actor in an off-Broadway play is being credited with rescuing a man who fell onto the tracks in front of an approaching subway train in New York City.
The fallen man hit his head when he landed on the tracks Monday at Penn Station in Manhattan.
The New York Times said actor Chad Lindsey leaped onto the tracks, tried to wake the man and yelled for help.
Then he hoisted the man onto the station platform and vanished in the crowd.