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AP Top Business News At 8:32 p.m. EDT
URL: http://hosted.ap.org/
Updated: 15 hours 48 min ago

Past problems for company at heart of oil spill

Thu, 07/29/2010 - 19:32
By TIM MARTIN and DAVID RUNK 2010-07-30T00:32:34Z BATTLE CREEK, Mich. (AP) -- A Canadian company whose pipeline leaked hundreds of thousands of gallons of oil into a Michigan river boasts on its website of being "an industry leader in pipeline safety and integrity."...
Categories: NEWS: Business and Financial

Google says search cut off from mainland China

Thu, 07/29/2010 - 19:07
By MICHAEL LIEDTKE 2010-07-30T00:07:49Z SAN FRANCISCO (AP) -- Google Inc. said Thursday that its search engine and other services were abruptly cut off from mainland China, raising more questions about the Internet company's ability to operate in the country while trying to work around the government's online censorship policies....
Categories: NEWS: Business and Financial

Republicans block small business lending bill

Thu, 07/29/2010 - 18:02
By STEPHEN OHLEMACHER 2010-07-29T23:02:52Z WASHINGTON (AP) -- President Barack Obama's election-year jobs agenda suffered a new setback Thursday when Senate Republicans blocked a bill creating a $30 billion government fund to help open up lending for credit-starved small businesses....
Categories: NEWS: Business and Financial

US suing Oracle alleging software contracts fraud

Thu, 07/29/2010 - 17:01
By 2010-07-29T22:01:24Z NEW YORK (AP) -- The U.S. Justice Department said Thursday it is joining a fraud lawsuit against Oracle Corp. related to software contracts worth hundreds of millions of dollars....
Categories: NEWS: Business and Financial

Stocks fall amid uncertainty over the economy

Thu, 07/29/2010 - 16:38
By STEPHEN BERNARD 2010-07-29T21:38:45Z NEW YORK (AP) -- Stocks ended an erratic day with a modest loss Thursday as investors tried to reconcile another batch of conflicting economic signals....
Categories: NEWS: Business and Financial

Debate intensifies in Fed over economy

Thu, 07/29/2010 - 16:26
By JEANNINE AVERSA 2010-07-29T21:26:52Z WASHINGTON (AP) -- Debate is intensifying at the Federal Reserve over how best to cope with a weakening recovery, with momentum growing for a concrete plan to prevent a backslide into recession....
Categories: NEWS: Business and Financial

Toyota recalls 412,000 cars in US to fix steering

Thu, 07/29/2010 - 15:58
By DAN STRUMPF and YURI KAGEYAMA 2010-07-29T20:58:29Z NEW YORK (AP) -- Toyota is recalling nearly half a million cars, most of them large sedans sold in the U.S., for problems that can cause the steering wheel to lock up. It's the latest indication that the automaker is still struggling with vehicle problems even as it works to overhaul quality control....
Categories: NEWS: Business and Financial

Big Oil posts better profits on higher fuel prices

Thu, 07/29/2010 - 15:46
By CHRIS KAHN 2010-07-29T20:46:54Z NEW YORK (AP) -- The major oil companies continue to climb back from the recession, with higher fuel prices driving up earnings....
Categories: NEWS: Business and Financial

Citigroup paying $75M to settle civil charges

Thu, 07/29/2010 - 14:32
By MARCY GORDON 2010-07-29T19:32:48Z WASHINGTON (AP) -- Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007....
Categories: NEWS: Business and Financial

Initial jobless claims drop to 457,000

Thu, 07/29/2010 - 10:19
By CHRISTOPHER S. RUGABER 2010-07-29T15:19:24Z WASHINGTON (AP) -- New jobless claims fell last week for the third time in four weeks but remain elevated. The decline is a sign that the economy likely added jobs in July, although not enough to lower the nation's high unemployment rate....
Categories: NEWS: Business and Financial

Crews take step toward readying permanent well fix

Wed, 07/28/2010 - 18:34
By HARRY WEBER and TAMARA LUSH 2010-07-28T23:34:32Z NEW ORLEANS (AP) -- Crews took another step toward readying the relief well expected to finally kill the Gulf of Mexico oil gusher, removing the plug they had popped in before clearing the area ahead of Tropical Storm Bonnie last week, federal officials said Wednesday....
Categories: NEWS: Business and Financial

Obama pushes business bill as an all-American goal

Wed, 07/28/2010 - 18:23
By JULIE PACE 2010-07-28T23:23:57Z EDISON, N.J. (AP) -- President Barack Obama on Wednesday cast his latest economic pitch as a matter of patriotism, urging the Senate to ditch its partisan mode at least long enough to pass a package of tax cuts and loan relief for small businesses. "This is as American as apple pie," the president said....
Categories: NEWS: Business and Financial

Small business lending bill at impasse in Senate

Wed, 07/28/2010 - 18:10
By STEPHEN OHLEMACHER 2010-07-28T23:10:11Z WASHINGTON (AP) -- Senators struggled to reach agreement Wednesday on a bill that would create a $30 billion government fund to help community banks increase lending to small businesses....
Categories: NEWS: Business and Financial

For veterans bill, Republicans put budget ax aside

Wed, 07/28/2010 - 16:55
By ANDREW TAYLOR 2010-07-28T21:55:02Z WASHINGTON (AP) -- House Republicans who have spent months demanding spending cuts blanched Wednesday at their first opportunity to actually make them, instead joining Democrats in treating a bill to pay for veterans programs in 2011 as politically sacrosanct in an election year....
Categories: NEWS: Business and Financial

Boeing 2Q profit falls; expects defense layoffs

Wed, 07/28/2010 - 16:19
By JOSHUA FREED 2010-07-28T21:19:05Z MINNEAPOLIS (AP) -- Boeing's second-quarter profit fell 21 percent, and it said layoffs are likely in its defense business because of expected government spending cuts and bargain-hunting....
Categories: NEWS: Business and Financial

Unemployment rises in 75 pct of metro areas

Wed, 07/28/2010 - 15:50
By CHRISTOPHER S. RUGABER 2010-07-28T20:50:05Z WASHINGTON (AP) -- The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as nearly one million teenagers entered the work force looking for summer jobs....
Categories: NEWS: Business and Financial

Fed survey: Recovery slows in some places

Wed, 07/28/2010 - 15:35
By JEANNINE AVERSA 2010-07-28T20:35:11Z WASHINGTON (AP) -- The pace of economic activity has slowed or held steady in parts of the country, revealing a choppy path back to health....
Categories: NEWS: Business and Financial

BP's waning Britishness causes few ripples in UK

Wed, 07/28/2010 - 13:57
By JILL LAWLESS 2010-07-28T18:57:18Z LONDON (AP) -- Its chairman is Swedish, a growing chunk of its revenue comes from Russia and its incoming chief executive speaks with an American accent. So goes the Britishness in the company once known as British Petroleum....
Categories: NEWS: Business and Financial

CVS announces deal with Aetna, 2Q profit falls

Wed, 07/28/2010 - 13:47
By MARLEY SEAMAN 2010-07-28T18:47:51Z NEW YORK (AP) -- CVS Caremark Corp. Wednesday reported weaker quarterly earnings and lowered its profit forecast, but shares rose as investors approved of a large pharmacy benefit management services contract struck with Aetna....
Categories: NEWS: Business and Financial

100 days of oil: Gulf life will never be the same

Wed, 07/28/2010 - 12:10
By GREG BLUESTEIN, MARY FOSTER and TAMARA LUSH 2010-07-28T17:10:53Z GRAND ISLE, La. (AP) -- A hundred days ago, shop owner Cherie Pete was getting ready for a busy summer serving ice cream and po-boys to hungry fishermen. Local official Billy Nungesser was planning his wedding. Environmental activist Enid Sisskin was preparing a speech about the dangers of offshore drilling....
Categories: NEWS: Business and Financial