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Prime Minister David Cameron says the U.K. could issue Islamic bonds as early as next year. The country is already the biggest Islamic finance center outside the Muslim world, and Islamic financing was used to build the Olympic Village. But most important, the sector is expected to grow threefold globally by 2017.

Although a debt default has been at least temporarily averted, the knock-on effect for the economy will still bite.

A Moscow court said Leake was detained on suspicion of organizing a drug trafficking business. If convicted, he could face as much as 20 years in prison under Russia's strict drug laws.

The decision lets stand a lower court ruling that the North Carolina charter school's dress code violated federal law.

President Obama, however, said he was not interested in an "open-ended" operation in Syria.

Education Secretary Arne Duncan announces new measures for ensuring that students with disabilities are making progress.

By measuring sleep patterns of first-time mothers and their infants, Israeli researchers learned just how tiring it can be just having a baby in the same room at night.

The option of a smaller engine size and the car's sleeker design are two features analysts say are geared toward helping the Mustang appeal to buyers overseas.

Company officials announces production of the Segway PT will stop on July 15. The vehicle is popular among law enforcement and tourists, but falls short of its inventor's revolutionary goals.

The employees' alleged actions were outside of their work responsibilities and do not involve Wells Fargo's customers, the company said. The bank says it's cooperating with law enforcement.