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The venerable New York investment firm Goldman Sachs has a long track record for producing political bigwigs. Treasury Secretary-nominee Henry M. Paulson Jr. has served as both chairman and CEO since 1999. The company boasts a return on equity of upwards of 40 percent.

Obama's supporter and former South Dakota Senator Tom Daschle was nominated to be secretary of the Department of Health and Human Services and director of the new White House Office of Health Reform.

Sonia Gandhi, heir to India's Nehru-Gandhi dynasty, gives up her chance to become prime minister, reportedly to protect her Congress Party's new government from attacks over her Italian birth. Manmohan Singh, architect of the country's financial reforms, is now seen as the favorite to become prime minister. NPR's Philip Reeves reports.

Michael Steinberg, the highest-ranking employee at the hedge fund to be convicted in an insider trading sweep, was found guilty on five counts of conspiracy and securities fraud.

The Federal Trade Commission signed off on Tesla's plan to buy the solar panel installer. CEO Elon Musk is SolarCity's chairman and its largest shareholder.

In a blow to rival Ted Cruz with less than a week until Iowa, Liberty University President Jerry Falwell Jr. officially endorses the twice-divorced casino mogul.

Nominees for the 2018 World Press Photo contest are both newsy and unexpected: child jockeys, a blindfolded rhino, cave-dwellers in China.

The document indicated that Russia's military intelligence agency launched a cyberattack shortly before Election Day 2016 on a U.S. company that provides voting services and systems.

Gen. Stanley McChrystal, the top U.S. commander in Afghanistan, submitted a report Monday assessing progress in the war there, saying the situation remains "serious," but that "success is achievable." The report did not address the issue of whether more U.S. troops were needed in Afghanistan.

In Karachi, temperatures surpassed 111 degrees Fahrenheit. The government has called on the military to set up makeshift medical camps.