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The 2007 Nobel Prize in physics will be shared by two Europeans who discovered the physics that allows computer hard drives to compress large amounts of data. The prize was awarded to Albert Fert of France and Peter Grunberg of Germany.

Leonid Hurwicz of the University of Minnesota, Eric Maskin of Princeton and Roger Myerson of the University of Chicago share the prize. They were honored for laying the foundation of mechanism design theory.

North Korea has agreed to provide a "complete and correct declaration" of its nuclear programs and says it will disable its main reactor complex by Dec. 31. The deal with five other countries has the U.S. taking a lead in overseeing the shutdown and funding initial activities.

The U.S. military commander alleges that Iran's ambassador to Iraq belongs to an elite force of the Iranian revolutionary guard that has targeted U.S. forces.

More than a dozen wildfires are burning out of control in Southern California, threatening thousands of homes and forcing evacuations in San Diego County. Gov. Arnold Schwarzenegger has declared a state of emergency in the region.

Turkey has gathered forces and heavy weapons on its border with Iraq after an attack Sunday by Kurdish rebels on Turkish troops left eight Turkish soldiers missing and 12 dead. Meantime, there has been a lot of diplomatic traffic. The U.S. fears that unilateral action by Turkey could destabilize the most stable part of Iraq.

Twenty Turkish troops are dead or missing after fighting Sunday with Kurdish separatists near the border with Iraq. In Turkey, there is growing demand for the government to take action against Kurds in northern Iraq.

Former prime minister Benazir Bhutto ended eight years of self-imposed exile Thursday and arrived in Karachi, where tens of thousands of supporters greeted her. The return was marred by at least two explosions near her motorcade, which was surrounded by supporters.

Merrill Lynch CEO Stanley O'Neal appears to be on his way out days after the company reported a loss of more than $8 billion. The company has not confirmed reports that O'Neal is negotiating the terms of his departure.

The current debate over waterboarding may be new, but the practice is not. It predates the Inquisition and has been used, off and on, around the world ever since. The interrogation technique has been modified slightly but, in essence, has changed very little in the past 500 years.