News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island paper Newsday, a News Corp. spokeswoman said Saturday.

Deutsche Telekom AG's chief executive is asking shareholders to show patience, pointing to the global credit crisis as a reason for the company's lackluster share price, according to an interview published Sunday.

China has established a homegrown company to make passenger jumbo jets, state media reported Sunday _ a step forward in the country's quest to become less dependent on Boeing and Airbus.

President Rafael Correa said Saturday he has "no confidence" in the World Bank arbitration branch that is hearing U.S. oil company Occidental's lawsuit against Ecuador.

Israelis got a first demonstration Sunday of the electric car that developers hope will revolutionize transportation in the country and serve as a pilot for the rest of the world.