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  • Exxon Mobil's reports fourth-quarter profits of $10.7 billion, up 27 percent over the same quarter in 2004. It's a company record and one of the largest quarterly profits in U.S. history. The company's robust earnings have attracted strong criticism and calls for a windfall profits tax.
  • Opening statements are scheduled Tuesday in the federal fraud and conspiracy trial of former Enron executives Ken Lay and Jeff Skilling. Both are accused of lying about Enron's financial health. The energy company collapsed in 2001 after revelations of hidden debt and inflated profits. Ed Mayberry of member station KUHF reports.
  • Executives from four U.S. Internet companies get a chilly reception Wednesday on Capitol Hill as members of Congress accuse them of helping China oppress internal dissent. But the companies say their operations in China would foster freedom there, not squelch it.
  • 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.
  • A man opened fire during a lunch reception at a Southern California church, killing one person and wounding five before parishioners hog-tied him with electrical cords.
  • The White House plans to make it easier for families to visit relatives in Cuba and increase visa processing on the island, reversing some of former President Trump's policies.
  • The House Appropriations Committee attaches an amendment to a Pentagon supplemental spending bill for Iraq and Afghanistan that would stop Dubai Ports World from operating terminals at six U.S. ports they own. Attaching the amendment to the supplemental spending bill makes a veto more difficult.
  • Members of the prison gang known as the Aryan Brotherhood go on trial Tuesday in a southern California courtroom. Federal prosecutors have linked the white-supremacist gang to a string of murders and attempted murders in California prisons.
  • Despite the Memorial Day recess, House lawmakers returned to Washington on Tuesday for a hearing on the FBI raid of Rep. William Jefferson's (D-LA) Capitol office. That search has provoked a standoff involving the White House, the Justice Department and House leaders over the reach of executive branch powers.
  • At least 10 people were killed -- and 40 injured -- in the Midwest after a series of tornadoes swept across the Midwest. The bulk of the deaths occurred in Missouri. Crews assessing the damage Monday say it is remarkable more people weren't hurt.
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