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The NBA's ongoing lockout affects the hometown cities in different ways. While most large cities with a professional basketball team can attract fans with other professional sports, in places like Oklahoma City, businesses suffer as a result. Economists estimate each lost game is a million-dollar hit to the city's economy.

More than 1 in 5 people lives below the poverty line in Spain, which has the highest rate of unemployment in the eurozone — more than 21 percent. And an increasing number of Spaniards are making ends meet with low pay and no benefits.

In South Korea, opposition politicians have delayed the ratification of the Free Trade Agreement with the United States. The U.S. Congress has ratified the pact. But in South Korea, thousands of opponents have been holding angry street rallies, and a rising mood of anti-American sentiment is helping their cause.

The man nicknamed "Smokin' Joe" was one of the greatest heavyweights in history, and his three fights in the 1970s with bitter rival Muhammad Ali are part of boxing lore. Frazier died Monday in Philadelphia at age 67.

Executives from Japanese camera and medical device maker Olympus admitted Tuesday that the company has been using accounting tricks to cover up losses since the 1990s. The announcement comes after a scandal erupted last month.

A Chicago woman came forward Monday to publicly accuse Republican presidential candidate Herman Cain of making an unwanted sexual advance toward her in 1997 during his stint as head of the National Restaurant Association. This new claim marks a shift in the story, which up until this point, pitted the claims of three anonymous women against a candidate who firmly denied allegations of sexual harassment. Cain's campaign is questioning the motives of the accuser and her attorney.

Political leaders in Greece remain locked in negotiations over a new unity government. George Papandreou is stepping down as prime minister but his replacement has not yet been named. In Italy, Prime Minister Silvio Berlusconi is struggling for his political survival. He faces a crucial budget vote in parliament Tuesday.

The Republican presidential candidate says he will hold a news conference today to respond to the detailed allegations leveled against him by Sharon Bialek of Chicago. She accuses him of groping her during a 1997 encounter in Washington, D.C.

The morning's headlines include the GOP presidential candidate's response to a new charge of sexual harassment and the Italian prime minister's latest challenge — another confidence vote.

"I can't stand him," the French president also said of the Israeli leader, according to reporters who overheard him speaking with the U.S. leader.