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The Brazilian state oil company has a new chief executive and her name is Maria das Gracas Foster. Petrobras is the world's fifth-largest oil producer, and Foster becomes the first woman to run a top-five oil company. This comes as the firm looks to double its production by 2020. The company's stocks surged on news of the appointment.

Oil prices were higher after a top Iranian official threatened to block a considerable part of the world's oil supply, if new economic sanctions are imposed on his country. The official spoke of blocking oil tankers from moving through the Straits of Hormuz.

A new burger in Britain is topped with chillies that pack 40 times the heat of the average Tabasco sauce. The Fallout Burger is on sale at Atomic Burger in Bristol. It registers a million on the Scoville Scale which scientists use to determine chili heat.

The cat made its way to the top level of Hard Rock Stadium in Miami. As it clung by one paw to the upper deck, fans below grabbed an American flag — which they used to catch the falling feline.

New York Mayor Michael Bloomberg mounts a campaign against noise pollution, the top complaint on a police "quality of life" hotline. New Yorkers are annoyed by the racket from car horns and personal stereos -- and from loudspeakers coaxing people into bars and restaurants. NPR's Margot Adler reports.

NPR's Eric Weiner reports that Japan's worst economic downturn since World War II has radically changed expectations of young college graduates. In years past, the country's corporate giants would go to the top schools and actively recruit new employees, who generally were given jobs for life. Now it is the students who are chasing employers. And many of them are not finding jobs. Some have given up on full-time employment and simply bounce from one part-time job to another while living with their parents.

Southern California Edison, one of California's cash-strapped electric utilities, defaulted to some of its creditors today. It failed to repay, at least temporarily, a 596-million-dollar wholesale electricity bill. The move brings the company a step closer to bankruptcy. The utility said the action was necessary to allow it to continue operations while state and federal officials seek a regulatory solution to California's power crisis. The state, meanwhile, declared another top level power emergency today, citing a shortage of natural gas needed to generate electricity. Scott Horsley reports.

Noah Adams talks with reporter Tom Gibb about a massive fire which has crippled an enormous 40-story offshore oil rig located 75-miles off Brazil's Atlantic coast. Officials are trying to prevent a spill of the 400,000 gallons of oil on board. The rig may sink within 48 hours. Three explosions on Thursday damaged a pillar supporting the rig; the explosions killed one worker and left nine others missing and presumed dead. The offshore rig was Brazil's top oil producer in the rich Campos Basin.

You can buy "full destroyed" high top sneakers. The sneakers come shredded and dirty. For a mere $1,850, you too, can look like you don't care how you look.

A top Palestinian official says he's hopeful that a "small window" of opportunity exists for peace with Israel in the wake of this month's cease-fire agreement. But Nabil Shaath, foreign minister for the Palestinian Authority, says Israel is moving too slowly on several issues.