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Federal Reserve’s favored inflation gauge tumbles in November as price pressures continue to ease

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The Federal Reserve’s preferred measure of inflation fell last month in another sign that price pressures easing in the face of the central bank’s interest rate hikes. Friday’s report from the Commerce Department showed that U.S. consumer prices slid 0.1% last month from October and were

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Congress launches an investigation into the Osprey program after the latest deadly crash

By TARA COPP Associated Press WASHINGTON (AP) — A congressional oversight committee has launched an investigation into the V-22 Osprey program following the latest deadly crash, which killed eight Air Force special operations service members. The entire Osprey fleet remains grounded following the crash, with the exception of some limited Marine Corps flights. More than

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Ash from Indonesia’s Marapi volcano forces airport to close and stops flights

By RAHMA NURJANA Associated Press PADANG, Indonesia (AP) — Volcanic ash spewing from Indonesia’s Mount Marapi shut down airports and blanketed nearby communities on Sumatra island Friday. The nearly 2,900-meter (9,480-foot) volcano in the Agam district of West Sumatra province is about 113 kilometers (70 miles) north of Minangkabau International Airport in Padang, the provincial

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North Korea’s reported use of a nuclear complex reactor might be an attempt to make bomb fuels

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — The U.N. atomic agency and outside experts say North Korea may have started operating a light-water reactor at its main nuclear complex in a possible attempt to establish a new facility to produce bomb fuels. International Atomic Energy Agency Director General says his agency has

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The top prize in Spain’s ‘El Gordo’ Christmas lottery goes to tickets with the number 88008

MADRID (AP) — Lucky holders of 20-euro tickets with the number 88008 are celebrating after winning 400,000 euros ($440,000) each in the top prize of Spain’s huge Christmas lottery. People across the country tuned into the television, radio and internet from early morning as children from Madrid’s San Ildefonso school begin singing out the prize-winning

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