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Avon Products is searching for a new chief executive to head the cosmetics company. Andrea Jung, its current chairman and CEO, will continue to serve in both roles until a successor is found and then work solely as chairman

Italy's new prime minister is trying to impose a strict austerity plan to rein in runaway debt and reassure the markets. But it's not going down well. Particularly hard to swallow is the announcement that the retirement age will be immediately raised by five or six years.

Once again, Democrats and Republicans are at odds over taxes and other issues — and extensions of programs including benefits for the long-term unemployed are being delayed. They're "stumbling from impasse to impasse," the Los Angeles Times writes.

But it still isn't clear why a man attacked a crowded square in Liege, Belgium, on Tuesday with grenades and gunfire, killing at least three people and injuring more than 120. He also apparently killed a woman at his home before the attack.

Also: The Euro falls below $1.30 for first time since January; "The Protester" is Time magazine's person of the year.

Investigators have revealed more of the evidence that points to a Lebanese bank's involvement in the laundering of money for Hezbollah.

The cause of the butter blackout on the eve of the year's biggest baking holiday isn't entirely clear. But some Norwegians say the country's biggest dairy cooperative didn't import butter even when it became clear it might run out.

As the final U.S. troops prepare to leave, Iraq remains divided politically. Despite the country's oil wealth, its economy is weak. And U.S. officials are concerned about the role that Iran will try to play in Iraq.

These days the health program for the poor is claiming a bigger slice of states' spending than even K-12 education, says a report from the National Association of State Budget Officers.

The GOP presidential hopefuls are airing ads in nearly all of the early voting states. NPR's Ken Rudin, political ad expert Ken Goldstein and Robert Mann, author of Daisy Petals and Mushroom Clouds: LBJ, Barry Goldwater, and the Ad that Changed American Politics talk about ads past and present.