AP Top Business News
  • Click for Full Story G-20 finance officials: Too early to end stimulus

    11.07.2009 11:40 EST

    ST. ANDREWS, Scotland (AP) — Finance officials from rich and developing countries pledged Saturday to maintain emergency support for their economies until recovery is assured and committed themselves to urgent action on tackling climate change.

     
  • Banks in Ga., Mich., Minn., Mo., Calif. closed

    11.06.2009 22:11 EST

    CHARLOTTE, N.C (AP) — Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans.

     
  • Click for Full Story House opens debate on health care overhaul bill

    11.07.2009 11:45 EST

    WASHINGTON (AP) — President Barack Obama's landmark health care overhaul moved toward a vote in the House Saturday after anti-abortion lawmakers won a chance to knock out language that would let people who get federal subsidies buy insurance plans that include abortion coverage.

     
  • Click for Full Story Analysis: 10 percent jobless is Obama's new world

    11.07.2009 03:13 EST

    WASHINGTON (AP) — For months he had warned it was coming but that didn't ease the political shockwaves for President Barack Obama when unemployment topped 10 percent.

     
  • China offers Africa more trade, investment

    11.07.2009 00:40 EST

    BEIJING (AP) — China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China's commerce minister said in an article published Saturday.

     
  • Both sides set to vote on Philly transit contract

    11.07.2009 06:19 EST

    PHILADELPHIA (AP) — Members of Philadelphia's largest transit union and the Southeastern Pennsylvania Transportation Authority are set to vote on a contract to end the strike that has idled buses, subways and trolleys for five days.

     
  • Click for Full Story South Korean workers protest gov't labor policy

    11.07.2009 06:30 EST

    SEOUL, South Korea (AP) — Tens of thousands of South Korean workers rallied Saturday to protest the government's plan to begin implementing contentious labor laws.

     
  • Click for Full Story Berkshire Hathaway says 3Q profit triples to $3.2B

    11.06.2009 20:31 EST

    OMAHA, Neb. (AP) — Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled.

     
  • Click for Full Story Freddie Mac loses $6.3B in 3Q

    11.06.2009 19:35 EST

    WASHINGTON (AP) — Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.

     
  • Click for Full Story Stocks post modest gains as job losses slow

    11.06.2009 18:10 EST

    NEW YORK (AP) — Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks higher Friday.

     
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