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Todays Top Business News
From around the world and across the street.
•Dems Look to Health Vote Without Abortion Foes
44 minutes ago
Democrats near deal on health legislation, might try to roll over abortion foes in vote
Health care - Democratic - United States - Politics - Health Care Reform
[From ABC News: Money]
•Regulators shut LibertyPointe Bank in NYC
by By MARCY GORDON
49 minutes ago
WASHINGTON (AP) -- Regulators on Thursday shut down LibertyPointe Bank in New York City, boosting to 27 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession....
[From AP Top Business News At 8:31 p.m. EST]
•Obama to tap Yellen for Fed vice chair: source
52 minutes ago
WASHINGTON (Reuters) - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen to be vice chairman of the central bank, a source familiar with the process said on Thursday.
[From Reuters: Business News]
•Toyota 'mystified' by runaway Prius case in Calif.
by By ELLIOT SPAGAT and TOM KRISHER
1 hour ago
JACUMBA, Calif. (AP) -- A Toyota executive said Thursday the company is "mystified" by a report that a California man's Prius gas pedal became stuck and caused the car to speed out of control on a California freeway....
[From AP Top Business News At 8:31 p.m. EST]
•Examiner sees gimmicks in Lehman demise
1 hour ago
NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.
[From Reuters: Business News]
•Gov't may seek more authority on vehicle safety
by By KEN THOMAS and STEPHEN MANNING
1 hour ago
WASHINGTON (AP) -- Government vehicle safety regulators may seek greater authority to investigate defects in cars and trucks and are weighing a range of new safety requirements in response to Toyota's recall of more than 8 million vehicles over brake and acceleration problems....
[From AP Top Business News At 8:31 p.m. EST]
•Slowly, Americans are regaining their lost wealth
by By JEANNINE AVERSA and DAVE CARPENTER
2 hours ago
WASHINGTON (AP) -- Americans are recovering their shrunken wealth - gradually. Household net worth rose last quarter, mainly because the healing economy boosted stock portfolios. But the gain was slight. And it was less than in the previous two quarters....
[From AP Top Business News At 8:31 p.m. EST]
•Toyota discounts boost sales, U.S. mulls "black box"
2 hours ago
DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
[From Reuters: Business News]
•Export growth likely to remain bright spot for US
by By MARTIN CRUTSINGER
2 hours ago
WASHINGTON (AP) -- U.S. exports dipped in January, the government said Thursday, but economists weren't fazed. They predict export growth will be a bright spot for American manufacturers through the rest of 2010....
[From AP Top Business News At 8:31 p.m. EST]
•BP to pay $7 billion for Devon exploration rights
by By ROBERT BARR
2 hours ago
LONDON (AP) -- BP is expanding its dominant oil and gas operations in the Gulf of Mexico and dropping anchor off Brazil with a $7 billion deal to buy exploration rights from Devon Energy....
[From AP Top Business News At 8:31 p.m. EST]
•Stocks climb for 3rd day as financial shares rise
by By STEPHEN BERNARD and TIM PARADIS
3 hours ago
NEW YORK (AP) -- A rally in financial stocks Thursday helped the market extend its grind higher to a third day....
[From AP Top Business News At 8:31 p.m. EST]
•Citigroup CEO says bank on path to profitability
by By STEVENSON JACOBS
3 hours ago
NEW YORK (AP) -- Citigroup Inc. says it's heading back toward sustained profitability after two years that saw the bank lose billions of dollars and be bailed out by the government....
[From AP Top Business News At 8:31 p.m. EST]
•Bank reform talks fail, Dodd to go solo
3 hours ago
WASHINGTON (Reuters) - Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday after bipartisan Senate talks collapsed, jeopardizing a top Obama administration priority and boosting bank share prices.
[From Reuters: Business News]
•Feds pledge tough review of Comcast-NBC deal
by By JOELLE TESSLER
4 hours ago
WASHINGTON (AP) -- Federal regulators are pledging rigorous reviews of Comcast Corp.'s proposed purchase of NBC Universal to ensure that it would not stifle competition or harm consumers....
[From AP Top Business News At 8:31 p.m. EST]
•BP to pay Devon $7 bln for fields
4 hours ago
LONDON/NEW YORK (Reuters) - BP will pay $7 billion to Devon Energy for assets that will extend its reach into Brazil and bulk up its position in the Gulf of Mexico, as the world's top oil companies look to acquisitions to refill depleting reserves.
[From Reuters: Business News]
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