U.S. stocks down Monday, up for 2007 ... Crude oil ends 2007 down ... Basics may be $1,400 more in Italy in '08 ... Subsidy helps keep small airports on radar ... News from United Press International.
REDMOND, Wash., Dec. 31 (UPI) -- Microsoft no longer will have Bill Gates at the day-to-day helm in 2008 -- seen by some as one of several challenges faced by the U.S. computer giant.
MOSCOW, Dec. 31 (UPI) -- A Russian-Indian joint venture bought a manufacturing facility in India so it can double production of its supersonic cruise missiles, the company said.
ROME, Dec. 31 (UPI) -- A consumer rights group says the typical Italian household may spend at least $1,400 more in 2008 to cover essentials such as food, utilities and fuel.
BEIJING, Dec. 31 (UPI) -- China's wealth fund, with high-profile stakes in Blackstone Group and Morgan Stanley in the United States, has pumped $20 billion into China Development Bank.
KUALA LUMPUR, Malaysia, Dec. 31 (UPI) -- Malaysia's Petronas said it will enter a production-sharing contract for the exploration and production of natural gas in offshore Sabah in east Malaysia.
MINNEAPOLIS, Dec. 31 (UPI) -- Minneapolis-based Xcel Energy has filed a plan to reduce mercury emissions at its coal-fired power plant in Becker, Minn.
NEW DELHI, Dec. 31 (UPI) -- India's Coal Ministry says it is in the process of allocating 23 blocks to state-run and private companies for captive use.
NEW DELHI, Dec. 31 (UPI) -- State-run Indian Oil Corp. and private major Reliance Industries Ltd. have agreed to jointly undertake oil and gas exploration abroad.
World events cause oil prices to spike; Angola will see new oil exploration following Sonangol's acquisitions; Oil prices are not expected to drop in the New Year
WASHINGTON, Dec. 31 (UPI) -- A 30-year-old U.S. government subsidy program that helps provide commercial air service to smaller communities grows despite criticism in Washington.
U.S. stocks trend down at midday ... Home sales rise slightly in November ... Champagne prices to bubble up in '08 ... Trading flat in Aussie shares ... News from United Press International.
WASHINGTON, Dec. 31 (UPI) -- Existing-home sales rose slightly in November, indicating the U.S. housing market is stabilizing slightly, the National Association of Realtors said Monday.
Air Force Academy cadet Katherine Lee Dials reacts as another cadet replaces her shoulder boards after walking the line at the United States Air Force Academy Graduation Ceremony at Falcon Stadium on May 23, 2012 in Colorado Springs, Colorado. The Air Force Academy graduated 1074 cadets this year. UPI Photo/Marc Piscotty.
