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Oil down as Iraq says no cuts; Wall Street, Cushing draw limit loss

Flames emerge from a pipeline at the oil fields in Basra, southeast of BaghdadBy Ethan Lou NEW YORK (Reuters) - Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma. The Organization of the Petroleum Exporting Countries (OPEC) announced plans last month to cut output to boost prices, but has not yet given details on how it will reach the target. Members meet in Vienna on Nov. 30. ...

Genworth shares fall after agreeing to Chinese buyout offerA Chinese holding company has agreed to buy U.S. insurance company Genworth Financial for about $2.7 billion, sending shares of Genworth down sharply a day after the deal was announced. The buyer, China ...
U.S., European stocks gain; oil falls on Iraq OPEC exemption

A trader stands under screens at the Madrid bourseStock markets rose on Monday, with Wall Street higher on several big deals and Europe led by a surge in Spain's IBEX index, while oil prices fell after Iraq said it wanted to be exempt from an OPEC deal to cut production. Merger and acquisition activity spurred Wall Street, headed by Saturday's announcement by telecommunications company AT&T Inc that it plans to buy Time Warner Inc for $85.4 billion in what would be the biggest deal in the world this year if approved by regulators.

South African opposition says ICC withdrawal is illegalJOHANNESBURG (AP) ? South Africa's main opposition party on Monday tried to block a government plan to withdraw from the International Criminal Court, saying the move is illegal and that the country's top court should intervene.
Slippery slope: Study finds little lies lead to bigger ones

FILE - In this Nov. 26, 2014 file photo, a brain-scanning MRI machine at Carnegie Mellon University in Pittsburgh. In a study coming out in the tail end of a U.S. presidential election where the truth has been strained, neuroscientists at the University College London?s Affective Brain Lab put 80 people in scenarios where they could repeatedly lie and get paid more based on the magnitude of their lies. They said they were the first to demonstrate empirically that people?s lies grow bolder the more they fib. (AP Photo/Keith Srakocic, File)WASHINGTON (AP) ? Telling little fibs leads down a slippery slope to bigger lies ? and our brains adapt to escalating dishonesty, which makes deceit easier, a new study shows.

Ferocity of Kirkuk attack points to tough fight for MosulBy Babak Dehghanpisheh and Michael Georgy KIRKUK, Iraq (Reuters) - At least 100 fighters sneaked into Kirkuk in the early hours of Friday with machine guns, rocket propelled grenades, suicide vests and a message: "Islamic State has taken over." The message blared out from several mosque loudspeakers while the militants went on a rampage. By the time they had blasted their way across the city in a brazen and complex attack, 99 civilians and members of the security forces were dead and 63 of their own were in the morgue, according to Iraqi security officials. The scale of the operation - the largest of several by Islamic State to divert an advance on their stronghold in Mosul - shows how tough the battle for Mosul may become and points to a continued ability of the militant group to undermine security across the country even if its northern bastion falls.
Noodle shop bomb kills 1, wounds 18 in restive Thai south

An injured woman is brought into a hospital after a bombing in the southern Thai province of Pattani on October 24, 2016One person was killed and 18 others were wounded, some of them critically, when a bomb exploded outside a noodle shop in Thailand's far south, police and witnesses said Monday. The attack coincided with the anniversary of the death of dozens of local Muslims at the hands of Thai security forces, an event that kicked off the current insurgency more than a decade ago. The bomb tore through a noodle shop around 7pm (1200 GMT) in downtown Pattani, a town in Thailand's Malay-speaking Muslim south.

1960s pop singer Bobby Vee has died at age 73

FILE - In this Dec. 18, 2013 file photo, Bobby Vee poses at the studio console at his family's Rockhouse Productions in St. Joseph, Minn. Vee, whose rise toward stardom began as a 15-year-old fill-in for Buddy Holly after Holly was killed in a plane crash, died Monday Oct. 24, 2016 of complications from Alzheimer's disease. He was 73. (AP Photo/Jeff Baenen, File)MINNEAPOLIS (AP) ? Pop idol Bobby Vee, the boyish, grinning 1960s singer whose career was born when he took a Midwestern stage as a teenager to fill in after the 1959 plane crash that killed rock 'n' roll stars Buddy Holly, Ritchie Valens and J.P. "The Big Bopper" Richardson, has died. He was 73.

Screaming fans prompt Justin Bieber to walk off stage

FILE - In this May 22, 2016 file photo, Justin Bieber performs at the Billboard Music Awards in Las Vegas. Bieber walked off the stage during his show in Manchester, England, Sunday after some fans ignored his request to stop screaming as he was trying to talk to the crowd in between songs. Bieber returned to the stage and told the crowd he?d stop talking and just do his musical set, because he said ?Manchester just can?t handle it." (Photo by Chris Pizzello/Invision/AP, File)MANCHESTER, England (AP) ? It seems even Justin Bieber finds his screaming fans irritating.

May says aware of importance of financial services to UK economyBritish Prime Minister Theresa May said on Monday she was aware of the importance of financial services to the country's economy and was in discussions with the sector about what its priorities were in upcoming Brexit negotiations.