WRAL.com - AP Business News

Russia president criticizes ruling party over vote

Sat, 21 Nov 2009 08:46:11 -0500

Russia's President Dmitry Medvedev on Saturday sharply criticized officials in the ruling Kremlin-backed party for manipulating recent regional votes, saying it must learn to win fairly.

Dems have 60 for health care; Lincoln a 'yes'

Sat, 21 Nov 2009 14:38:12 -0500

Democrats have hit the magic number of 60 to move ahead on historic health care legislation.

LyondellBasell gets buyout offer from Reliance

Sat, 21 Nov 2009 12:11:13 -0500

LyondellBasell Industries said Saturday Reliance Industries offered to acquire a controlling interest in the beleaguered chemical company, which is under Chapter 11 bankruptcy protection.

D.R. Horton sees 26 perecent spike in 4Q orders

Sat, 21 Nov 2009 06:57:23 -0500

Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling more than 15 percent Friday.

Cars are main mode of Thanksgiving travel

Sat, 21 Nov 2009 14:10:54 -0500

The number of Americans traveling away from home for Thanksgiving will be up only slightly this year from 2008, according to a report from the AAA auto club. The group, which surveyed 1,350 households, said there will be about 33.2 million people traveling by car this year – a 2.1 percent increase from last year.

CAPITAL CULTURE: Sotomayor adds celebrity to court

Tue, 17 Nov 2009 00:41:14 -0500

Apparently, no one told Sonia Sotomayor that Supreme Court justices are supposed to be circumspect, emerging from their marble palace mainly to dispense legal wisdom to law schools, judges' conferences and lawyers' meetings.

Stocks fall for third day as dollar strengthens

Fri, 20 Nov 2009 19:07:33 -0500

Investors can't shake their fears that the economy isn't keeping up with the stock market.

Ex-Vivendi CEO: I made mistakes but never misled

Fri, 20 Nov 2009 19:36:23 -0500

Former Vivendi CEO Jean-Marie Messier told a jury Friday he made mistakes in his troubled bid to turn the French water company into a global media giant, but he never misled shareholders about the risks.

Texas high court agrees to rehear Exxon case

Fri, 20 Nov 2009 21:09:32 -0500

The Texas Supreme Court on Friday said it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from drilling there.

Americans save more but earn less as rates fall

Fri, 20 Nov 2009 17:52:08 -0500

The U.S. is finally becoming a nation of savers. Now if only we could get something for our money.