Associated Press | WYPR

Associated Press

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.

Paul Walker, the star of the "Fast & Furious" movie series, died Saturday in a car crash that killed one other person north of Los Angeles, his publicist said. He was 40.

Walker died Saturday afternoon, Ame Van Iden told the Associated Press.

A statement on the actor's Facebook page said he was a passenger in a friend's car, and that Walker was in the area to attend a charity event for his organization Reach Out Worldwide.

"We ... are stunned and saddened beyond belief by this news," the statement said.

Americans Eugene Fama, Lars Peter Hansen and Robert Shiller won the Nobel prize for economics on Monday for developing new methods to study trends in asset markets.

The Royal Swedish Academy of Sciences said the three had laid the foundation of the current understanding of asset prices.

While it's hard to predict whether stock or bond prices will go up or down in the short term, it's possible to foresee movements over periods of three years or longer, the academy said.

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