The ratings agency Moody's downgraded Greece to the lowest rating on its bond scale late Friday, following a deal with private investors that would see them ultimately lose an estimated 70 percent of their holdings in Greek debt.
Moody's lowered Greece's sovereign rating to C from Ca, arguing that the risk of default remains high even a bond-swap deal with banks and other private investors, due to be completed this month, is successful.

Police say it wasn't too hard to nab one would-be Belfast burglar — he managed to get his arm stuck while trying to reach through a front door letterbox.
Northern Ireland police say a passing patrol spotted the 17-year-old wrestling to free himself from a house's front door before sunrise Thursday.

New York City's Police Department is facing mounting criticism of its secret surveillance of Muslims across the Northeast, with civil liberties groups demanding an investigation and New Jersey's governor accusing the NYPD of arrogantly acting as if "their jurisdiction is the world."
The intelligence-gathering was detailed recently in a series of stories by The Associated Press, which reported that police monitored mosques and Muslims around the metropolitan area and kept tabs on Muslim student groups at universities in upstate New York, Connecticut, New Jersey and Pennsylvania. The department also sent an undercover agent on a whitewater rafting trip with college students.

The owner of the New Jersey funeral home that handled services for Whitney Houston says the home had nothing to do with a photograph that surfaced showing the singer's body in an open casket.
But Carolyn Whigham of Whigham Funeral Home and two pastors say they do know who took the photo that ran in the National Enquirer. They just aren't identifying the person and say that's up to the Houston family.

FIFA has launched an investigation into the "unusual outcome" of Bahrain's 10-0 victory over a weakened Indonesia team in a World Cup qualifying match.
Bahrain's win on Wednesday has raised suspicion because it needed to make up a nine-goal deficit on Qatar in the group standings to have a chance of advancing to the next round.

One of Sepp Blatter's deputies fears goal-line technology could undermine the authority of referees as football's rulemakers prepare to sanction the next round of testing on Saturday.
FIFA's president hopes to have high-tech aids in place by the 2014 World Cup after a high-profile mistake at the 2010 tournament persuaded him to end his long-standing opposition to the technology.

Cyprus police have summoned a 98-year-old and about 40 other elderly women to court to face gambling charges after raiding their weekly poker party.
The women, mostly in their 70s, were stunned to receive a court summons this week, more than two years since the raid, said Yioula Diakantoni, the daughter of the 98-year-old.

Spain's Labor Ministry says the number of people filing for unemployment benefits rose by 112,269 in January, raising the overall figure to a rounded 4.7 million.
Spain's jobless rate stands at a 22.9 percent, the highest in the 17-nation eurozone.

Oil prices fell slightly to near $108 a barrel Friday in Asia after Saudi Arabia denied an Iranian media report of an explosion at a Saudi pipeline.
Benchmark oil for April delivery was down 41 cents to $108.43 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.

The leaders of 25 European states have signed a new treaty designed to prevent the 17 euro countries from running up huge debts in order to prevent a repeat of the current crisis afflicting the single currency zone.
European Council President Herman Van Rompuy, who oversaw the drafting of the accord, said the treaty will bring an "economic and monetary union that is finally walking on two legs."
