Obama rejects 2nd stimulus: Give recovery time
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AP
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Sat 8:32 am ET President Barack Obama on Saturday dismissed the idea the nation might need a second stimulus to jolt the economy out of recession and urged Americans to be patient with his economic recovery plan.
GM exits bankruptcy; CEO vows better performance
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AP
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Fri 5:29 pm ET General Motors completed an unusually quick exit from bankruptcy protection on Friday with ambitions of making money and building cars people are eager to buy.
CIT Group shares dive as government aid uncertain
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AP
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Sat 5:16 am ET Shares of commercial lender CIT Group Inc. plunged Friday as uncertainty mounts over whether it can get federal backing for its bonds.
ALL BUSINESS: More toxic loans could haunt banks
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AP
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Sat 5:44 am ET Japan's economy was paralyzed for a decade as banks failed to deal with their troubled loans. That's why it's nothing short of stunning to discover some U.S. banks are doing the same thing now.
Talks resume in addressing Calif.'s $26B deficit
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AP
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Sat 5:57 am ET Gov. Arnold Schwarzenegger and legislative leaders were scheduled to resume work Saturday on bridging California's $26 billion budget shortfall following an unexpected resumption of negotiations the day before.
Rain washes away tourism dollars in Northeast
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AP
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Sat 5:35 am ET Relentless rain and cool weather since early June have sent visitors scrambling home and washed away millions of tourism dollars across the Northeast. But the first 80-degree readings this month gave a glimmer of hope Friday that summer can be salvaged.
Australian concerned for Rio employee China holds
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AP
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Sat 5:27 am ET Australia's trade minister met Saturday with Chinese officials and said his government is "deeply concerned" about the detention of a Rio Tinto Ltd. employee on spying charges.
Report: NKorean army suspected over cyberattacks
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AP
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Sat 8:18 am ET South Korea has obtained intelligence that North Korea last month ordered a military institute of computer hackers -- known as Lab 110 -- to "destroy" South Korean communications networks, news reports said Saturday.
Regulators shut small Wyoming bank
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AP
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Fri 7:53 pm ET Regulators on Friday shut Bank of Wyoming, marking the 53rd failure this year of a federally insured bank. The Federal Deposit Insurance Corp. was appointed receiver of the failed bank, based in Thermopolis, Wyo.
Iconic Hawaii hotel to reopen under new union deal
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AP
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Sat 5:46 am ET Despite a dour economy and a Hawaii tourism industry that is in its roughest patch ever, four dozen employees of the iconic Ilikai hotel won their jobs back Friday when their labor union and the property's new owner inked a surprise deal.
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