Breaking News: 2014 Nobel Literature Prize Goes To France's Patrick Modiano.

A French author whose tales center on memory and guilt has won this year's Nobel Prize in literature, the Nobel committee in Sweden
said Thursday.

Patrick Modiano, 69, is the 11th Nobel literature prize winner born in France.

He is being honored "for the art of memory with which he has evoked the most ungraspable human destinies and uncovered the life-world of the occupation," the committee said.

The Nobel Prize in literature has been awarded 107 times since 1901. It is almost always awarded to one author and has been shared only four times, which stands in contrast to the science Nobels, which two or three scientists often share.

The winner of the Nobel Peace Prize will be announced Friday, followed by the award for achievements in economics Monday.

Source:CNN