Business News

Reid blames Bush, Wall Street for sick economy

By MICHAEL R. BLOOD 2010-09-08T00:42:25Z

Senate Majority Leader Harry Reid knows who's to blame for the sickly economy. And it's not him....

Gates, Buffett to sell giving to China's richest

By GILLIAN WONG 2010-09-08T00:27:13Z

BEIJING (AP) -- Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett plan to sell the art of giving to China's super rich in a visit later this month that's already sparked some soul searching among the world's second-largest number of billionaires....

AP sources: Fire may have erupted on UPS plane

By JOAN LOWY 2010-09-08T01:13:56Z

WASHINGTON (AP) -- The fire that broke out in a UPS plane that crashed last week in Dubai, killing both pilots, appears to have begun in a cargo compartment, according to people familiar with the accident investigation....

Suddenly, a raft of tax-break proposals from Obama

By TOM RAUM 2010-09-08T00:00:16Z

WASHINGTON (AP) -- President Barack Obama's proposed tax breaks for business sound like ideas that have enjoyed broad Republican backing in the past. But in today's toxic political atmosphere, he's unlikely to get much - if any - GOP help....

Stocks fall as worries about European debt return

By STEPHEN BERNARD 2010-09-07T21:37:26Z

NEW YORK (AP) -- Stocks closed lower Tuesday following new worries about Europe's debt problems. Treasury prices rose and gold settled at a new high as investors sought out safe assets....

Schapiro: Anxiety on plunge may have fueled exodus

By MARCY GORDON 2010-09-08T01:00:34Z

WASHINGTON (AP) -- Anxiety over May's "flash crash" on Wall Street may have contributed to the withdrawal of retail investors from the stock market in recent months, the head of the Securities and Exchange Commission said Tuesday....

Hermine gives south Texas another tropical lashing

By PAUL J. WEBER 2010-09-08T00:15:08Z

RAYMONDVILLE, Texas (AP) -- Tropical Storm Hermine gave a wet and windy punch to Texas on Tuesday before weakening into a tropical depression, leaving only minor scrapes in the storm-weary Rio Grande Valley, which is proving resilient this hurricane season after taking a third tropical system on the chin....

George Soros gives $100M to Human Rights Watch

By JENNIFER PELTZ 2010-09-08T00:09:13Z

NEW YORK (AP) -- Billionaire philanthropist George Soros is putting up $100 million, one of the largest donations of its kind, to expand Human Rights Watch and help it court more international support....

HP sues ex-CEO Hurd over new job at rival Oracle

By JORDAN ROBERTSON 2010-09-08T00:33:58Z

SAN FRANCISCO (AP) -- Hewlett-Packard Co. is suing Mark Hurd, the chief executive it ousted last month, to stop him from taking a top job at rival Oracle Corp....