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Republicans rode a wave of voter discontent to sweeping midterm election wins on Tuesday, seizing control of the U.S. Senate in a punishing blow to President Barack Obama that will limit his political influence and curb his legislative agenda in his last two years in office.

An investigation into the deadly crash of a Virgin Galactic spaceship has found that a function to help the craft descend into the atmosphere was deployed early, according to federal safety officials, adding pilot error could not be ruled out.

A divided U.S. appeals court rejected UBS AG's (UBSN.VX) bid to force Nasdaq OMX Group Inc (NDAQ.O) to arbitrate a dispute over the exchange operator's alleged "catastrophic mismanagement" of Facebook Inc's (FB.O) $16 billion initial public offering.