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In Houston, federal prosecutors and former Enron Chairman Kenneth Lay continue to spar on the final day of Lay's testimony. Assistant U.S. Attorney John Houston accused Lay of ignoring concerns about the company's accounting. He also pressed Lay for details on $70 million he made selling his own Enron stock.

Since it was invaded three years ago, Iraq has lost more than $10 billion in oil revenues. Corruption and sabotage are largely to blame. And U.S. and Iraqi officials say insurgents are benefiting. But many say the Oil Ministry's own militia is at the heart of the problem.

The White House is besieged with questions regarding President Bush's role in leaking sensitive data related to Iraq. Former vice presidential aide Lewis Libby has stated that Bush authorized leaks. Press secretary Scott McClellan defended leaking information "in the public interest."

Exxon Mobil Corp. posts one of the largest quarterly profits in American history: $10.7 billion for the fourth quarter of 2005, up from more than $8.4 billion a year ago. Exxon is the latest oil company to post record profits as oil prices continue to rise.

ABC News co-anchor Bob Woodruff and a cameraman were seriously injured when the Iraqi Army vehicle they were traveling in was attacked and an explosive device went off.

Federal agents in Milford Township, Mich., a western Detroit suburb, are digging up a horse farm searching for any sign of the remains of former union leader Jimmy Hoffa. Hoffa disappeared in 1975. The farm is known as a place where organized-crime figures used to hang out.

Two members of the Duke University lacrosse team were named in sealed indictments handed down form a Durham, N.C., grand jury, according to reports. The charges stem from a night in March, when a dancer at a house party thrown by team members told police she was sexually assaulted by three men.

Russia and the European Union joined the United States in condemning Iran for advancing its nuclear program. On Tuesday, Iran said it had enriched uranium, in defiance of a United Nations demand.

Public schools perform favorably with private schools when students' income and socio-economic status are taken into account, according to a new report from the U.S. Education Department. The findings counter a popularly held notion, that private schools outperform public schools.

British Prime Minister Tony Blair faces pressure from junior members of his government to follow their lead and resign. Blair says he won't seek election again, but has set no date to leave office.