AP – Iran warned Gulf Arab oil producers against boosting production to offset any potential drop in Tehran’s crude exports in the event of an embargo affecting its oil sales, the latest salvo in the dispute between the West and the Islamic Republic over its nuclear program.

Sacramento Mayor Kevin Johnson is calling his meeting with NBA Commissioner David Stern and other executives a “productive conversation” about the city’s efforts to help finance a new arena.

Sacramento Mayor Kevin Johnson is calling his meeting with NBA Commissioner David Stern and other executives a “productive conversation” about the city’s efforts to help finance a new arena.

Reuters – President Barack Obama said he and Russian President Dmitry Medvedev discussed Afghanistan, Iran and Syria, among other topics, in their meeting on Saturday.

Big 12 athletic directors discussed ways during their meeting Tuesday to stabilize their league before they can determine if and how much they might expand.

A person familiar with the situation says the meeting between Tennessee general manager Mike Reinfeldt and Chris Johnson and the running back’s agent has ended.

Reuters – Italy’s second austerity package in less than a month met with a chorus of criticism a day after becoming law, with the largest union federation threatening a general strike over the “injustice” of the measures.

AFP – US Secretary of State Hillary Clinton on Saturday called on European leaders to make a powerful response to economic crises rippling across Europe.

Reuters – J.C. Penney Co Inc CEO Myron Ullman will leave the company and the board in February after a three-month transition period to hand over the reins to his successor, Apple Inc executive Ron Johnson, the department store chain said on Monday.

AP – Union members are marching through central Athens to protest the government’s latest austerity measures and plans to sell off state enterprises to appease international creditors.