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The soaring price of oil is hitting the airline industry. American Airlines announced Wednesday that it would eliminate about 12 percent of its flights by the end of the year and added a $15 surcharge for each checked bag.

Republican presidential candidate John McCain has named Alaska Gov. Sarah Palin as his running mate. Palin, 44, is the first woman named to a spot on the GOP ticket. She has been Alaska's governor since 2006.

President-elect Barack Obama has named Mary Schapiro to head the Securities and Exchange Commission. In a news conference in Chicago, Obama said government regulators "had dropped the ball," leading to the financial meltdown.

The chief U.S. diplomat in Africa ratcheted up the language against Zimbabwe's longtime president Robert Mugabe on Sunday. Assistant Secretary of State Jendayi Frazer says the United States won't lift sanctions against that country until Mugabe is gone. NPR's Charlayne Hunter-Gault talks to host Andrea Seabrook about the developments.

In Fort Hood, Texas, investigators are collecting information about Thursday's deadly attack at a soldier processing center. Thirteen people were killed, 12 of them soldiers, and 30 were wounded when a gunman, identified as Army psychiatrist Maj. Nidal Malik Hasan, opened fire in the facility.

Allegations of fraud have marred Afghanistan's presidential election. Ronald Neumann, former U.S. ambassador to Afghanistan, says despite the allegations it is worth it for the White house to maintain support for Afghanistan.

The arthritis drug Humira has been a blockbuster seller for more than two decades. Now some copycats could end Humira's reign.

The U.S. Transportation Department said Thursday it has received more than 100 complaints from owners of the 2010 Toyota Prius and has opened an investigation into possible brake problems with the model. That's more bad news for Toyota, which has recalled more than 5 million vehicles of various models to repair problems with sudden acceleration.

G-20 leaders will likely leave Pittsburgh with an agreement to have banks build up their capital reserves while cutting back on bonuses and other forms of compensation. The new capital rules will be phased in and banks would have until the end of 2012 to meet the new requirements.

Iranian envoys meet Thursday in Geneva with representatives from Europe, Russia, China and the U.S. for talks that will focus on Tehran's suspect nuclear program. The meeting comes as Iran's foreign minister visited Washington on Wednesday on a rare visit.