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In a press conference at its Los Angeles headquarters, the FBI announced “Operation Phish Phry,” the bust-up of an international identity theft ring. The operation led to 33 arrests across the U.S. and 47 in Egypt, cybercriminals connected with a sophisticated identity theft ring. Wednesday’s arrests were the culmination of …

Two officials say investigators in an Air France jet crash are looking at whether speed data instruments malfunctioned. The officials, who have knowledge of the investigation, say an iced-over external probe or a bad speed sensor may have fed inaccurate data to onboard computers controlling the jet. They spoke on …

GARY, Ind. – Investigators and family members say they are suspicious about the account the cousin of a 2-year-old girl has given of how the child went missing from outside a convenience store. Authorities continued a search Thursday for 2-year-old Jada Justice of Portage that began when 18-year-old Angelica Castillo …

BLOEMFONTEIN, South Africa – The United States stunned top-ranked Spain 2-0 Thursday night on goals by Jozy Altidore and Clint Dempsey, advancing to the Confederations Cup final with one of the Americans’ biggest soccer victories. Altidore scored in the 27th minute and Dempsey added a goal in the 74th as …

Television actor Johnny Palermo, who appeared in more than 30 shows during his career, died June 8 in a fatal car accident, according to the Hollywood Reporter. Palermo, 27, and girlfriend Alessandra Giangrande, who was driving at the time, were both killed in an early morning crash in North Hollywood. …

WASHINGTON – Officials say a Washington Metro system subway train crashed into the back of another at a rail yard, injuring three workers. D.C. Metro said in a Sunday news release that the injuries were minor and not life-threatening. No passengers were on board. Metro says a six-car train was …

CHICAGO – Police say four people have been shot after gunmen stormed a Chicago restaurant and demanded money. Police were called to Margarita’s Pizza around midnight Thursday. Investigators say one man is in custody but police are looking for two others. It isn’t yet clear if money was stolen. Police …

Now some fresh pickings from the Political Grapevine: Waste Not Want Not Federal investigators reportedly have received more than 730 allegations of waste and fraud in stimulus act funding so far. The Washington Times reports as much as 60 percent of some agencies’ oversight budgets will go to policing the …

Now some fresh pickings from the Political Grapevine: Death and Taxes The taxman cometh, but maybe not in 2010 for some wealthy Americans. The estate tax is due to expire Thursday, meaning estates valued at more than $3.5 million would no longer be taxed at 45 percent. Instead, the rate …

This is a rush transcript from “Your World With Neil Cavuto,” June 8, 2009. This copy may not be in its final form and may be updated. NEIL CAVUTO, HOST: On paper, he has lost billions, but Rupert Murdoch is more concerned about a country that has lost a lot …