Business News
Feed Provided by Associated Press
- BP report blames itself, others for oil spill
By HARRY R. WEBER, MICHAEL KUNZELMAN and DINA CAPPIELLO 2010-09-08T20:12:30Z NEW ORLEANS (AP) -- BP took some of the blame for the Gulf oil disaster in an internal report issued Wednesday, acknowledging among other things that it misinterpreted a key pressure test of the well. But in a possible preview of its legal strategy, it also pointed the finger at its partners on the doomed rig....
- Consumers cut back on credit card use once again
By MARTIN CRUTSINGER 2010-09-08T19:34:24Z WASHINGTON (AP) -- Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound....
- Fed survey sees slower growth in East and Midwest
By JEANNINE AVERSA 2010-09-08T20:31:26Z WASHINGTON (AP) -- The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest....
- Obama firm: Don't extend tax breaks for wealthiest
By JULIE PACE 2010-09-08T18:50:44Z CLEVELAND (AP) -- President Barack Obama strongly defended his opposition to extending Bush-era tax breaks for the wealthiest Americans on Wednesday and delivered a searing attack on Republicans and their House leader for advocating "the same philosophy that led to this mess in the first place."...
- Official: 2nd killed in flooding swamping Texas
By 2010-09-08T20:30:43Z ARLINGTON, Texas (AP) -- Authorities say flooding from the remnants of Tropical Storm Hermine has killed a second person who was swept away from his pickup truck....
- Stocks resume rally as European debt worries ease
By STEPHEN BERNARD 2010-09-08T20:28:15Z NEW YORK (AP) -- Stocks resumed their rally Wednesday after a successful auction of Portuguese government debt eased worries about Europe's financial system....
- Panel examining recession's causes meets in Vegas
By OSKAR GARCIA 2010-09-08T19:45:32Z LAS VEGAS (AP) -- Nevada had unrealistic growth expectations before the nation's financial meltdown battered the state's tourism industry and erased billions of dollars in real estate equity, an economist told a federal commission examining the causes of the Great Recession....
- HP's interim chief says Oracle alliance 'strained'
By JORDAN ROBERTSON 2010-09-08T19:40:24Z SAN FRANCISCO (AP) -- Hewlett-Packard Co.'s quarter-century alliance with Oracle Corp. has been "strained" by the dispute over Oracle's hiring of ousted HP CEO Mark Hurd, HP's interim chief said Wednesday....
- Ireland to split Anglo Irish into good, bad banks
By SHAWN POGATCHNIK 2010-09-08T17:44:24Z DUBLIN (AP) -- Ireland plans to split its most troubled financial institution, Anglo Irish Bank, in two as part of wider efforts to reassure international lenders that the Irish are taking control of their debt crisis....
- AP Exclusive: Back to work after salmonella case
By MARY CLARE JALONICK 2010-09-08T19:18:23Z WASHINGTON (AP) -- The peanut industry executive whose filthy processing plants were blamed in a salmonella outbreak two years ago that killed nine people and sickened hundreds more is back in the business....
