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MGM film studio falls into bankruptcy

In its glory years, Metro-Goldwyn-Mayer was a Hollywood hit factory that churned out golden classics such as Mutiny on the Bounty and The Wizard of Oz. But the US entertainment empire is to declare itself bankrupt this week under a…

Alitalia profit soars

Italian airline Alitalia said Thursday its third quarter profit soared, reflecting a rise in passenger numbers, and predicted that it could surpass its financial target this year. The group, which was on the verge of bankruptcy in 2008,…

Yemeni woman arrested over mail bombs

Yemeni police arrested a woman on suspicion of mailing a pair of bombs powerful enough to take down airplanes, officials said Saturday as details emerged about a terrorist plot aimed at the U.S. that exploited security gaps in the worldwide…

Spanish unemployment rate falls

Spain's quarterly unemployment rate has fallen for the first time in more than three years, but remains the highest in Europe, official data has shown. The country's jobless rate declined to 19.8% in the July-September period, said the…