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The agency brought civil fraud charges Friday against two CEOs and four former top executives at the mortgage giants, accusing them of misleading investors about risky subprime loans.

President Mohammed Morsi's bold move to sack two top generals is generating much discussion about how it could be a decisive step toward democracy.

We'll see where the count stands after another day of competition at the London Olympics but after Thursday, the United States is at the top with the most medals. Renee Montagne has results of Thursday night's Olympics competition.

Forbes magazine has released its 25th annual billionaires list, and holding down the top spot again is Mexican telecom mogul Carlos Slim Helu. But there are some newcomers like American Sara Blakely. The 41-year-old founder of Spanx, the body-shaping undergarment company, is the youngest self-made woman to join the club.

The Associated Press says in an exclusive that 94-year-old Michael Karkoc was a top commander in SS units that massacred civilians in Ukraine and Poland.

The city council passed a law banning pants or skirts that expose more than 3 inches of undergarments or skin. But in the hipster heaven of Williamsburg, Brooklyn, no one would be caught dead in baggy pants. The new website Styleblaster is capturing skinny jeans and slim fits with its webcam on the main drag. Viewers can rate passersby with a click on an old-fashioned top hat.

In a nonpartisan race in which two Democrats were the top contenders, the city councilman has edged out City Controller Wendy Greuel.

Ryan Crocker will depart in mid-summer "for health reasons," the State Department confirms. He has been the top U.S. diplomat in Afghanistan since July 2011.

Justin Bieber's video for "Baby" is no longer the most viewed video on YouTube. The new record-holder is "Gangnam Style" by South Korean rapper PSY, which topped 820 million views this weekend. Then, Sunday, Bieber played a halftime concert at Canadian football's championship game — and was booed by the crowd. Keeping his cool, Bieber called out, "Thank you so much, Canada."

Mexico's top two presidential candidates are each claiming victory in the country's highly polarized election -- and their parties have accused one another of election fraud. An official tally of the contest, in which 30 million Mexicans voted, isn't expected for days. Though sharply divided by ideology, leftist Andres Manual Lopez Obrador and conservative Felipe Calderon are separated by less than one-tenth of one percent.