G-20 faces urgent task of averting trade war

US President Barack Obama arrives at a reception for the G20 Summit in Seoul, South Korea, Thursday, Nov. 11, 2010. (AP Photo/Yonhap News Agency) SEOUL, South Korea (AP) — Leaders of the world’s 20 biggest economies scrambled to reach a last-minute compromise Friday to resolve a U.S.-China currency dispute that has raised the specter of […]




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Chrysler recalls Jeep SUVS; GM recalls sedans

SymbolPriceChangeMTLQQ.PK0.19+0.01{“s” : “mtlqq.pk”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} WASHINGTON (AP) — General Motors said Thursday it is recalling nearly 14,000 sedans to address potential problems with the power steering. Chrysler, meanwhile, is recalling about 16,000 Jeep Liberty SUVs to fix faulty windshield wiper systems. GM’s recall involves certain 2010 and 2011 model year Cadillac […]




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Wal-Mart offering free shipping for online buys

BRISBANE, Calif. (AP) — Wal-Mart Stores Inc. is going for the jugular in the holiday retailing war, announcing Thursday that it will offer free shipping on nearly 60,000 online items — with no minimum purchase requirement. The world’s biggest retailer, long known for its low prices, is raising the stakes just over two weeks before […]




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Novartis takes $120M hit from failed drug trial

GENEVA (AP) — Swiss pharmaceutical company Novartis AG says it has halted late-stage development of a new drug for lung cancer and will write off $120 million in the fourth quarter as a result. The company, based in Basel, said Thursday the experimental drug ASA404 failed to significantly extend survival rates in combination with chemotherapy […]




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Viacom to sell ‘Rock Band’; earnings top estimates

FILE – In this Jan. 19, 2010 file photo, the logo above the entrance to Viacom’s headquarters is shown, in New York. Viacom reports its earnings tumbled in the third quarter Thursday, Nov. 11, 2010, because of results from a division that the media company led by Sumner Redstone plans to sell.(AP Photo/Mark Lennihan, file) […]




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Oil jumps above $88 in Asia as US stockpiles fall

BANGKOK (AP) — Oil prices jumped above $88 a barrel in Asia on Thursday, boosted by news that U.S. crude and gasoline stockpiles declined last week in a sign of improving demand for fuel. Benchmark oil for December delivery was up 49 cents at $88.30 a barrel at early afternoon Bangkok time in electronic trading […]




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Asia shares gain amid higher commodity prices, G20

FILE – In this Nov. 4, 2010 file photo, traders work from the floor to the New York Stock Exchange, in New York. (AP Photo/Mary Altaffer, file) BANGKOK (AP) — Asian markets mostly climbed Thursday amid higher commodity prices and as President Barack Obama called on world leaders at the Group of 20 summit to […]




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Feds propose graphic cigarette warning labels

Three examples of proposed warning graphics that will appear on cigarette packaging as part of the government’s new tobacco prevention efforts, seen in Washington, Wednesday, Nov. 10, 2010. (AP Photo/Evan Vucci) SymbolPriceChangeLO88.09-0.51RAI64.60-1.46{“s” : “lo,rai”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} RICHMOND, Va. (AP) — Corpses, cancer patients and diseased lungs are among the images the […]




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Feds propose graphic cigarette warning labels

Three examples of proposed warning graphics that will appear on cigarette packaging as part of the government’s new tobacco prevention efforts, seen in Washington, Wednesday, Nov. 10, 2010. (AP Photo/Evan Vucci) SymbolPriceChangeLO88.09-0.51RAI64.60-1.46{“s” : “lo,rai”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} RICHMOND, Va. (AP) — Corpses, cancer patients and diseased lungs are among the images the […]




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Cisco 1Q earnings up 8 pct; outlook sinks stock

SymbolPriceChangeCSCO24.49+0.14{“s” : “csco”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — Cisco Systems Inc. said Wednesday that its earnings for the latest quarter climbed from last year. But the company’s outlook for the current quarter cast doubt on the pace of recovery in corporate technology spending and sent Cisco’s shares skidding. New downbeat […]




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