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Bernanke makes case for strong Fed role on banks - AP - 2 hours, 38 minutes ago
The chairman of the Federal Reserve is concerned that congressional efforts at financial reform could weaken the central bank's ability to handle future crises and may politicize monetary policy.

Dubai looks to oil-rich neighbor for possible aid - AP - Sat 9:35 am ET
As world markets absorbed the shock of Dubai's debt crisis, the ruler of the once-booming city-state left town for an important meeting in a desert palace. His hosts: the leaders of neighboring Abu Dhabi whose balance sheets are flush with oil revenue.

Apple's iPhone arrives in tech-savvy South Korea - AP - Sat 10:01 am ET
South Koreans got their first taste of the iPhone on Saturday as the multifunctional communication and entertainment device made its long awaited debut in one of the world's most technologically sophisticated societies.

Black Friday spending up 0.5 percent, report says - AP - 1 hour, 10 minutes ago
A research firm says shoppers spent only slightly more in stores this Black Friday than they did last year. Fresh signs of much stronger online sales during the traditional holiday shopping kickoff mean more might have shopped from home.

GPS cell phone apps challenge standalone devices - AP - Sat 10:01 am ET
The growth of cell phones with global-positioning technology is making life uncertain for the makers of personal navigational devices that help drivers figure out where they are and where to go.

US pay czar OKs changes for 2 top BofA executives - AP - Sat 11:26 am ET
Bailed-out Bank of America amended the salaries of two senior executives after a review by the White House pay czar, according to a regulatory filing.

Hotel owners, like home owners, behind on payments - AP - Sat 10:05 am ET
Like many home owners, hotels are starting to drown in debt. They have been enticing travelers all year with sweet deals: credits for in-house spas and restaurants, up to 50 percent off five-star rooms, even free nights.

Canada high court rules for Wal-Mart in union case - AP - Fri 4:55 pm ET
The Supreme Court of Canada said Friday that Wal-Mart Stores Inc. was entitled to close a store in Quebec in 2005, seven months after workers voted to become the first Walmart store in North America to unionize.

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