ANKARA (Reuters) - Turkish Prime Minister Ahmet Davutoglu called on the ruling AK Party on Thursday to avoid any splits after announcing he would not stand again as its leader, saying he would never utter a word against President Tayyip Erdogan. After a meeting of the party's executive committee, Davutoglu said in a speech in Ankara that he did not intend under current circumstances to run for the AKP leadership at an extraordinary congress which he announced for May 22. (Reporting by Ercan Gurses and Ayla Jean Yackley; Writing by Daren Butler; Editing by Nick Tattersall)
NEW YORK (AP) — The lone subway tunnel connecting some of Brooklyn's hippest, youngest neighborhoods to New York City's commercial heart in Manhattan will either be closed entirely for 18 months, or see extremely limited service for three years, under two possible plans for repairing damage caused by Superstorm Sandy.
WASHINGTON (AP) — Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it uses to hedge against rate swings.