CANBERRA, Australia, May 9 (UPI) -- Australia will hold defense spending at $100 billion over four years and remains committed to the purchase of the F-35 Joint Strike Fighter.
NEW YORK, May 8 (UPI) -- Crude oil prices topped $96 per barrel Wednesday in New York with China reporting April crude oil imports up 3.5 percent from March.
NEW YORK, May 8 (UPI) -- U.S. stock markets closed higher Wednesday, as records set on Wall Street continue to get broken and reset, lately on a daily basis.
WASHINGTON, May 8 (UPI) -- Bailed out U.S. mortgage giant Freddie Mac said Wednesday it earned $4.6 billion in the first quarter of the year due to a recovery in the housing market.
HOUSTON, May 8 (UPI) -- The U.S. Justice Department outlined a new sentence for convicted former Enron executive Jeffrey Skilling, which could cut 10 years from his 24-year sentence.
WASHINGTON, May 8 (UPI) -- Bloomington, Minn., importer Surly Bikes is recalling about 975 front bicycle forks due to a potential for the forks to bend, safety regulators said.
OTTAWA, May 8 (UPI) -- Housing starts trended lower in April in Canada compared to the previous month, the Canadian Mortgage and Housing Corp. said Wednesday.
SUNNYVALE, Calif., May 8 (UPI) -- A prototype laser system for defense against short-range threats has been successfully tested in the United States by Lockheed Martin.
ISTANBUL, Turkey, May 8 (UPI) -- The Turkish National Police are receiving two Sikorsky Aircraft VIP S-92 helicopters for service to the Turkish Prime Minister's Office.
WASHINGTON, May 8 (UPI) -- U.S. mortgage activity rose last week as long-term interest rates were mostly lower, the Mortgage Bankers Association said Wednesday.
SINGAPORE, May 8 (UPI) -- Singapore's first liquefied natural gas terminal has received its first commercial cargo, putting the island country on course to become a major gas trading hub.
NEWPORT NEWS, Va., May 8 (UPI) -- The latest Virginia class submarine for the U.S. Navy has completed alpha sea trails, boat's first round of at-sea tests and evaluations.
SEOUL, May 8 (UPI) -- South Korea's Defense Acquisition Program Administration has given Korea Aerospace Industries a contract to mass produce FA-50 fighters.
CANBERRA, Australia, May 8 (UPI) -- Australia's military issued a Request for Tender for repair and maintenance of the country's fleet of Adelaide class frigates.
CHICAGO, May 8 (UPI) -- Chief executive officers at U.S. healthcare firms have experienced the most departures for 2013 compared to others, an employment firm said Wednesday.
WASHINGTON, May 8 (UPI) -- Consumer borrowing rose in the first quarter of 2013, although credit card debt was little changed, the U.S. Federal Reserve said.
CHICAGO, May 8 (UPI) -- Hiring blunders can be costly, especially so in Britain, a global survey of hiring managers and human resources personnel found.
WASHINGTON, May 8 (UPI) -- U.S. consumers should pay about $3.53 for a gallon of regular unleaded gasoline this summer, down from last year's average, the government said.
WASHINGTON, May 8 (UPI) -- The U.S. and South Korean governments will explore possibilities of sharing knowledge from the shale natural gas sector, the U.S. Energy Department said.
WASHINGTON, May 8 (UPI) -- The debate over the Keystone XL pipeline is part of a larger conversation regarding climate change, the Natural Resources Defense Council said.
Jodi Arias (R) reacts as she hears the verdict of guilty of first degree murder after a four month trial in Phoenix, Arizona, May 8, 2013. Arias was convicted of murdering her lover Travis Alexander in Tempe, Arizona in June of 2008. UPI// Rob Schumacher/Arizona Republic/Pool
