Business News

Britain urges steps to insure financial system

AP - 1 hour 16 minutes ago

ST. ANDREWS, Scotland - Britain called Saturday for consideration of a tax on financial transactions to insure against another crisis and urged world finance officials meeting in Scotland to agree on bearing the cost of fighting climate change. More »

  • South Korean workers protest gov't labor policy

    AP - 1 hour 49 minutes ago

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

  • China offers Africa more trade, investment

    AP - Saturday, November 7

    BEIJING - 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.

  • Court ends tobacco company payments in Md., Pa.

    AP - Saturday, November 7

    RALEIGH, N.C. - North Carolina's highest court ruled Friday that three cigarette companies no longer have to make payments to tobacco farmers in Maryland and Pennsylvania under a decade-old settlement.

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

    AP - Saturday, November 7

    CHARLOTTE, N.C - 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.

  • Obama calls holdouts on health care

    AP - Saturday, November 7

    WASHINGTON - Amid intense lobbying by the Obama administration, House Democratic leaders struggled Friday for the final votes needed to pass sweeping health care legislation, offering fresh concessions to abortion opponents and working to ease concerns among Hispanic holdouts.

  • Sector Snap: Airline shares rise

    AP - Saturday, November 7

    NEW YORK - Airline stocks rose Friday as oil prices tumbled, easing the carriers' fears over jet fuel costs.

  • Mesa Air says United didn't extend deal

    AP - Saturday, November 7

    PHOENIX - Mesa Air Group Inc. said Friday that United Airlines did not extend an agreement under which Mesa operated 26 regional jets for the larger carrier.

  • Earnings Preview: Ticketmaster 3Q results seen up

    AP - Saturday, November 7

    LOS ANGELES - Ticketmaster Entertainment Inc., the nation's largest ticket seller and proposed merger partner of Live Nation Inc., is scheduled to report its third-quarter earnings on Monday.

  • Hyatt underwriters buy additional 5.7M shares

    AP - Saturday, November 7

    CHICAGO - Hyatt Hotels Corp. said Friday that underwriters of its initial public offering have exercised their option to buy 5.7 million more shares of common stock at $25 apiece.

  • Oil settles lower after US unemployment report

    AP - Saturday, November 7

    NEW YORK - Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983.

  • Neb. lawmakers hear 2 sides about budget crunch

    AP - Saturday, November 7

    LINCOLN, Neb. - To hear directors of some state agencies tell it, managing Nebraska's worst fiscal crisis in recent memory isn't that big of a deal.

  • Obama signs bill assisting homebuyers, jobless

    AP - Saturday, November 7

    WASHINGTON - President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.

  • Dolan Media buys 85 percent stake in DiscoverReady

    AP - Saturday, November 7

    MINNEAPOLIS - Dolan Media Co. said Friday it bought an 85 percent stake in DiscoverReady LLC, which provides document-review services to companies and their lawyers.

  • Business Highlights

    AP - Saturday, November 7

    Jobless rate tops 10 pct. for first time since '83

  • Colo. gov proposes sales tax on soda, online sales

    AP - Saturday, November 7

    DENVER - Facing an expected $1 billion shortfall in next year's budget, Colorado Gov.

  • What recovery? Unemployment shoots past 10 percent

    AP - Saturday, November 7

    WASHINGTON - Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought.

  • Shell Oil to pay $19.5M in environmental fines

    AP - Saturday, November 7

    OAKLAND, Calif. - Shell Oil Co. has been ordered to pay $19.5 million to the state for environmental violations at gas stations around California.

  • SEC inquiry could lead to Fla. oversight changes

    AP - Saturday, November 7

    TALLAHASSEE, Fla. - Two top Florida Democrats want changes to the makeup of the board that oversees Florida's $130 billion investment portfolio now under scrutiny from the U.S. Securities and Exchange Commission.

  • Sports agency sues Monster energy drink maker

    AP - Saturday, November 7

    CARLSBAD, Calif. - Sports management agency Crown Athlete Management Co. said Friday it has sued the maker of the Monster energy drink, accusing it of fraud and other wrongdoing.

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