BUSINESS NEWS
Obama assails GOP, promotes new jobs program
MILWAUKEE (AP) — A combative President Barack Obama rolled out a long-term jobs program Monday that would exceed $50 billion to rebuild roads, railways and runways, and coupled it with a blunt campaign-season assault on Republicans for causing Americans' hard economic times. ...Read More
Oil platform explodes off La. coast, spreading oil
NEW ORLEANS, La. (AP) — An oil platform exploded and caught fire Thursday off the Louisiana coast, spreading a mile-long oil sheen into the Gulf of Mexico. All 13 crew members were rescued from the water in their protective "Gumby suits." ...Read More
Coast Guard: No oil sheen from Gulf explosion
NEW ORLEANS, La. (AP) — The Coast Guard is backing off its earlier report that an oil sheen about a mile long was spreading following a platform explosion in the Gulf of Mexico. ...Read More
Oil platform explodes off La. coast; crew rescued
NEW ORLEANS (AP) — An oil platform exploded and burned off the Louisiana coast Thursday, the second such disaster in the Gulf of Mexico in less than five months. This time, the Coast Guard said there was no leak, and no one was killed. ...Read More
WTO chief wants G20 push on global trade deal
SEOUL, South Korea (AP) — Group of 20 leaders should use their November summit to make a serious push for the conclusion of stalled global trade negotiations, the head of the WTO said Monday. ...Read More
Massive earthquake sets back NZ economic recovery
CHRISTCHURCH, New Zealand (AP) — New Zealand's prime minister warned Monday that the country's economic recovery will be hurt by the weekend's powerful 7.1-magnitude earthquake that smashed buildings and wrecked roads and rail lines in the city of Christchurch. ...Read More
World markets rise as double-dip fears ease
LONDON (AP) — World stock markets advanced modestly Monday as investors rode momentum from Friday, when an upbeat U.S. jobs report eased fears that the global economy could slip back into recession. ...Read More
Unions suspend South African strike
CENTURION, South Africa (AP) — South African civil servants unions are suspending a nationwide strike for higher wages to give members time to consider the government's latest offer, labor leaders said Monday. ...Read More
UK police may probe alleged tabloid phone hacking
LONDON (AP) — British Prime Minister David Cameron's communications director, a former tabloid editor, offered Monday to meet with police as they consider reopening an investigation into claims his newspaper's reporters illegally eavesdropped on scores of politicians and celebrities. ...Read More
Obama calling for more infrastructure spending
WASHINGTON (AP) — President Barack Obama is asking Congress to approve at least $50 billion in long-term spending in the nation's roads, railways and runways in a pre-election effort to show he's trying to stimulate the sputtering economy. ...Read More
Argentines risking all to carry huge wads of cash
BUENOS AIRES, Argentina (AP) — The "marker" lurks inside the bank, looking for people pulling large amounts of cash from a safe deposit box or bank account. The gunmen linger outside, usually on motorcyles, waiting to make their move. ...Read More
Air Products boosts Airgas acquisition offer
NEW YORK (AP) — Air Products and Chemicals Inc. said Monday it has boosted its offer to buy rival Airgas Inc. to $65.50 per share, but said it will walk away if Airgas shareholders don't elect its board slate and approve its bylaw proposals. ...Read More
Hurricane watch issued for coasts of Mexico, Texas
NUEVO LAREDO, Mexico (AP) — Mexican authorities urged people to move to shelters while officials in Texas distributed sandbags and warned of flash floods as Tropical Storm Hermine strengthened and headed toward the northwestern Gulf coast on Monday. ...Read More
Hermine comes ashore in Mexico as tropical storm
MIAMI (AP) — Forecasters say Tropical Storm Hermine has come ashore in extreme northeastern Mexico. ...Read More
Discounts spur surprising Aug. retail sales gains
NEW YORK (AP) — This year's back-to-school season isn't as big a bust for retailers as they feared — or as last year's — but it's not great either. ...Read More
Craigslist removes adult services section
HARTFORD, Conn. (AP) — Craigslist has apparently closed the adult services section of its website, two weeks after 17 state attorneys general demanded it shut down the section. ...Read More
Swedish bank Carnegie buys troubled competitor
STOCKHOLM (AP) — Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week. ...Read More
BP: Failed blowout preventer removed from well
NEW ORLEANS (AP) — BP PLC said the blowout preventer that failed to stop oil from spewing into the Gulf of Mexico was removed from the company's well on Friday afternoon. ...Read More
Earl sideswipes NC, takes aim at New England
CHATHAM, Mass. (AP) — A weakening but still dangerous Hurricane Earl steamed toward the gray-shingled cottages and fishing villages of Cape Cod on Friday, disrupting people's vacations on the unofficial final weekend of the short New England summer. ...Read More
Stocks extend September rally after jobs report
NEW YORK (AP) — The stock market had its first winning week in a month thanks to better news on the economy. ...Read More
Want cheapskates to spend? Hawk gizmos that save
NEW YORK (AP) — How do you get penny pinchers to spend these days? Pitch products that promise to save them money. ...Read More
Future hiring will mainly benefit the high-skilled
Whenever companies start hiring freely again, job-seekers with specialized skills and education will have plenty of good opportunities. Others will face a choice: Take a job with low pay — or none at all. ...Read More
AP source: Oracle, ex-HP CEO Hurd in talks for job
SAN FRANCISCO (AP) — Former Hewlett-Packard Co. CEO Mark Hurd is in talks to take a top executive job at Oracle Corp., the database software maker run by his friend Larry Ellison, a person with direct knowledge of the discussions said Sunday. ...Read More
Asian markets climb as double-dip fears ease
SINGAPORE (AP) — Stocks in Asia advanced Monday following solid gains in the U.S. as fears eased that the global economy could slip back into recession. ...Read More
Toyota Prius top-selling car in Japan for August
TOKYO (AP) — Toyota's Prius was the top selling car in Japan during August for the 16th straight month, as incentives for green vehicles continued to boost sales of the hybrid. ...Read More
Oil platform explodes off La. coast; oil spreading
NEW ORLEANS, La. (AP) — An oil platform exploded and caught fire Thursday off the Louisiana coast, spreading a mile-long oil sheen into the Gulf of Mexico. All 13 crew members were rescued. ...Read More
No sign of oil spill after Gulf platform fire
NEW ORLEANS, La. (AP) — The Coast Guard is saying there are no immediate signs of a spill from an oil platform fire in the Gulf of Mexico off the Louisiana coast. ...Read More
Temporary cap that stopped oil gusher removed
NEW ORLEANS (AP) — Engineers removed a temporary cap Thursday that stopped oil from gushing into the Gulf of Mexico from BP's blown-out well in mid-July. No more oil was expected to leak into the sea, but crews were standing by with collection vessels just in case. ...Read More
Calderon: Violence price worth paying in drug war
MEXICO CITY (AP) — President Felipe Calderon tried to rally frustrated Mexicans behind his increasingly bloody drug war Thursday, saying he knows violence has surged under his watch, but arguing that it is the price of confronting powerful and brutal cartels. ...Read More
Jobs report may show rise in unemployment rate
WASHINGTON (AP) — The unemployment rate may be about to rise again. ...Read More
Oil lingers near $75 in Asia as stock markets gain
BANGKOK (AP) — Oil prices lingered near $75 a barrel Friday in Asia, largely holding onto a big gain the day before as investors put a positive spin on U.S. economic reports and Asian stock markets rose. ...Read More
Official: 4 Miami airport concourses evacuated
MIAMI (AP) — A bomb squad investigated a report of a suspicious package after police evacuated four of six concourses at Miami International Airport for several hours on the eve of the Labor Day travel period, an airport spokesman said Friday. ...Read More
World stocks rise ahead of US employment report
BEIJING (AP) — World stock markets climbed as investors took heart from a slight improvement in U.S. economic indicators ahead of a crucial employment report due later Friday. ...Read More
Unemployment rate rises as labor force expands
WASHINGTON (AP) — The unemployment rate rose in August for the first time in four months as weak hiring by private employers wasn't enough to keep pace with a large increase in the number of people looking for work. ...Read More
Companies add 67K workers, but jobless rate rises
WASHINGTON (AP) — Private employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the growing number of people looking for work. ...Read More
Government: Mozambique lost $3M because of riots
MAPUTO, Mozambique (AP) — Mozambique's economy has lost more than $3 million because of deadly riots over the rising prices of food and other goods, the government said Friday, as state media reported new protests in two other towns. ...Read More
Obama: New jobs numbers 'positive' but not enough
WASHINGTON (AP) — President Barack Obama welcomed news Friday of better-than-expected private sector job growth. But with the unemployment rate ticking upward nevertheless, he said he'd roll out new plans next week to spur the economy. ...Read More
Experts see trouble ahead for developed world
CERNOBBIO, Italy (AP) — Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world. ...Read More
Obama outlines steps taken to help middle class
WASHINGTON (AP) — A healthy economy needs bustling Main Streets and a thriving middle class even more than a healthy stock market, President Barack Obama said as he reaffirmed his commitment to work hard for America's hardworking men and women. ...Read More
Obama says he's committed to helping middle class
WASHINGTON (AP) — A healthy economy needs bustling Main Streets and a thriving middle class even more than a healthy stock market, President Barack Obama said as he reaffirmed his commitment to work hard for America's hardworking men and women. ...Read More
Afghans continue pulling money from troubled bank
KABUL, Afghanistan (AP) — Nervous Afghans pulled more deposits out of the nation's largest bank despite assurances from government leaders that their money was safe. ...Read More
Taiwan's HTC: iPhone's 'quiet' challenger
BEIJING (AP) — East Asia is the world's electronics factory, yet unless they are Japanese, producers are largely anonymous. Now HTC Corp., a Taiwanese maker of smart phones, is moving out of the shadows and trying to establish its own brand name as it competes with Apple's iPhone. ...Read More
UPS cargo plane crashes near Dubai airport
DUBAI, United Arab Emirates (AP) — A UPS cargo plane with two crew members on board crashed shortly after takeoff Friday outside Dubai, officials said. ...Read More
World stocks up ahead of key US jobs data
LONDON (AP) — World stock markets rose Friday ahead of a U.S. jobs report that could help determine whether the Federal Reserve opts to introduce fresh measures to get the world's largest economy going again. ...Read More
Key oil spill evidence raised to Gulf's surface
ON THE GULF OF MEXICO (AP) — A crane hoisted a key piece of oil spill evidence to the surface of the Gulf of Mexico on Saturday, giving investigators their first chance to personally scrutinize the blowout preventer, the massive piece of equipment that failed to stop the gusher four months ago. ...Read More
Official: Obama backing research tax credits
WASHINGTON (AP) — Seeking ways to spur economic growth ahead of the November elections, President Barack Obama will ask Congress to increase and permanently extend research and development tax credits for businesses, a White House official said Sunday. ...Read More
1 'censored' bar won't stop online prostitution
NEW YORK (AP) — Craiglist's "adult services" section has been shut down in the U.S., but prostitution on the Internet is alive and well — even, quite possibly, on Craigslist. ...Read More
Despite hiring, US unemployment rate seems frozen
WASHINGTON (AP) — Unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work. ...Read More
Texas opens inquiry into Google search rankings
SAN FRANCISCO (AP) — Google Inc.'s methods for recommending websites are being reviewed by Texas' attorney general in an investigation spurred by complaints that the company has abused its power as the Internet's dominant search engine. ...Read More
Burger King to stop buying oil from Indonesian co.
JAKARTA, Indonesia (AP) — Environmentalists on Saturday praised Burger King's decision to stop buying palm oil from an Indonesian company accused of destroying rainforests. ...Read More
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