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The Internal Revenue Service is revoking the tax exempt status of some of the largest credit counseling agencies in the country. An IRS investigation disclosed that the firms solicited business from people seriously in debt and that they didn't provide counseling or consumer education, as required.

South Korea indicts the chairman of one of its biggest companies, Hyundai Motor group. He is charged with setting up a $100 million fund to bribe politicians. The scandal has already claimed one life, a government official who committed suicide. It also threatens a pillar of the Korean economy.

Everyone knows that oil prices are high because demand has boomed in places like China, while supply has remained stagnant or fallen. But some oil analysts are focusing on a different issue: the amount of oil that's being held off the market in storage. These analysts say the oil market has created big incentives to hold on to oil rather then sell it.

With the arrivals of Chief Justice John Roberts and Justice Samuel Alito, the Supreme Court shifted to the right, as expected, in its just-completed term. But the shift was less dramatic because Justice Anthony Kennedy assumed a swing role.

The case of a yacht detained in the South Pacific island nation is raising questions about how far U.S. jurisdiction extends.

The FBI revealed Sunday that Rep. William Jefferson, under investigation for bribery, was videotaped accepting $100,000 in $100 bills from an FBI informant whose conversations with the lawmaker also were recorded.

Massachusetts may soon have the first ruling by a state high court on what has become a growing dilemma for family courts: When divorced parents share custody, should one parent be allowed to move out of town with the kids?

An old-fashioned steam calliope designed by luminaries in the worlds of art and jazz is on display at the National Sculpture Garden.

Barry Bonds ties Babe Ruth for second place on the career home run list with number 714. He homered into the first deck of elevated stands in right-center leading off the second inning against the Oakland Athletics.

Just a handful of formula makers dominate the industry so a single plant shutdown can lead to empty shelves.