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American Electric Power, an Ohio-based company, has agreed to a $4.6 billion settlement of a lawsuit over pollution controls at its power plants. The Justice Department says it's the biggest environmental enforcement settlement ever.

The 2007 Nobel Prize in physics will be shared by two Europeans who discovered the physics that allows computer hard drives to compress large amounts of data. The prize was awarded to Albert Fert of France and Peter Grunberg of Germany.

Leonid Hurwicz of the University of Minnesota, Eric Maskin of Princeton and Roger Myerson of the University of Chicago share the prize. They were honored for laying the foundation of mechanism design theory.

Secretary of State Condoleezza Rice meets with Palestinian leaders, pushing ahead with preparations for a November peace conference in the U.S.

Erik Prince, the chairman of the private security company, Blackwater USA, has rejected allegations that his employees have acted inappropriately in Iraq and Afghanistan. The FBI is investigating Blackwater personnel for their role in a shooting two weeks ago that left 11 Iraqis dead.

The U.S. military commander alleges that Iran's ambassador to Iraq belongs to an elite force of the Iranian revolutionary guard that has targeted U.S. forces.

Myanmar's junta signals the change of attitude toward toward detained pro-democracy leader Aung San Suu Kyi but suggests that her release from house is unlikely anytime soon.

Former prime minister Benazir Bhutto ended eight years of self-imposed exile Thursday and arrived in Karachi, where tens of thousands of supporters greeted her. The return was marred by at least two explosions near her motorcade, which was surrounded by supporters.

More than a dozen wildfires are burning out of control in Southern California, threatening thousands of homes and forcing evacuations in San Diego County. Gov. Arnold Schwarzenegger has declared a state of emergency in the region.

Turkey has gathered forces and heavy weapons on its border with Iraq after an attack Sunday by Kurdish rebels on Turkish troops left eight Turkish soldiers missing and 12 dead. Meantime, there has been a lot of diplomatic traffic. The U.S. fears that unilateral action by Turkey could destabilize the most stable part of Iraq.