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After the Dow shed 4.6 percent on Monday, Japan's Nikkei and Hong Kong's Hang Seng both dipped by about 5 percent. European shares were also down sharply in early trading.

The end of Round 8 of our Three-Minute Fiction contest has finally arrived. We've read through more than 6,000 stories, and now our judge for this round, novelist Luis Alberto Urrea, has picked his favorite.

Authorities say Nouel Alba of the Bronx pretended to be a relative of a 6-year-old victim and collected donations for a "funeral fund." When confronted about it, they allege, she lied to FBI agents. So far, she's only been charged with lying to authorities. Other charges could follow.

President Obama hosted House Speaker John Boehner Thursday, spending nearly an hour together in which they discussed ways to avert the looming "fiscal cliff" of spending cuts and tax hikes that will arrive at the end of 2012. Boehner left the White House at 6 p.m., apparently without reaching a deal.

The harsh winter weather's impact on job growth in February was less than expected, as U.S. employers added 175,000 jobs to their payrolls last month. The unemployment rate edged up to 6.7 percent.

McDonald's is not loving its financial numbers. The fast-food chain reported that same-store sales in the U.S. tumbled 4.6 percent in November compared with a year ago, continuing a downward trend.

Both chambers voted for the destitution in a little more than 24 hours, a process that took many by surprise.

New labels will define serving sizes clearly and state that each serving contains 0.6 ounces of alcohol. The changes come as part of a deal to settle the Federal Trade Commission's claim that Four Loko maker Phusion Projects engaged in deceptive advertising.

Earlier this week, Taiwanese-American attorney Grace Meng won the Democratic primary for New York's newly redrawn 6th Congressional District. If she wins the general election in November, she'll become New York City's first Asian-American member of Congress.

A magnitude 6.5 quake on the coast of Aceh province has destroyed hundreds of buildings. Authorities say there's no risk of tsunami, like the one in 2004 triggered by a quake in the same area.