Business News - AP

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  • Bank of Korea keeps rate at record low 2 percent

    AP – 2 hrs 12 mins ago  
    A South Korean customer walks past an advertisement for a bank's... AP

    SEOUL, South Korea - South Korea's central bank left its key interest rate at a record low for a 10th straight month Thursday, seeking to nurture a budding recovery in Asia's fourth-largest economy. Full Story »

  • Company: Cobalt mining in Idaho to start in 2011

    AP – 2 hrs 37 mins ago  

    BOISE, Idaho - A Canadian mining company won initial federal approval for a plan to mine cobalt used in hybrid car batteries and jet engines from deep beneath the central Idaho mountains. Full Story »

  • Administration extends $700B bailout until Oct.

    AP – Wed Dec 9, 7:06 pm ET  
    US Treasury Secretary Timothy Geithner, seen here in October... AFP/File

    WASHINGTON - The Obama administration has extended the $700 billion financial bailout program until October, setting up a struggle between Democrats who favor using some of the leftover money to help generate jobs and Republicans who say it should be used to shrink soaring budget deficits. Full Story »

  • Feds target rating agencies' role in meltdown

    AP – Wed Dec 9, 7:54 pm ET  
    FILE - In this Nov. 17, 2009 file photo, Securities and Exchange... AP

    WASHINGTON - Enforcement officials from the Securities and Exchange Commission and Justice Department said Wednesday that their staffs are targeting the role of Wall Street rating agencies in the financial meltdown. Full Story »

  • October wholesale inventories rise unexpectedly

    AP – Wed Dec 9, 11:03 am ET  
    Graphic charts the monthly changes in U.S. imports, exports and... AP

    WASHINGTON - Businesses unexpectedly added to inventories at the wholesale level in October, breaking a record string of 13 straight declines. It was a hopeful sign that companies will begin restocking depleted store shelves, helping to bolster the fragile economic recovery. Full Story »

  • Truckers ask Calif. to delay diesel-emission rules

    AP – 2 hrs 44 mins ago  

    SACRAMENTO, Calif. - California officials took steps Wednesday to delay the nation's toughest rules to reduce diesel emissions, saying trucking companies struggling with a poor economy should be given more time to replace fleets with cleaner trucks. Full Story »

  • House debates bank oversight changes

    AP – Wed Dec 9, 8:42 pm ET  
    Japanese Prime Minister Yukio Hatoyama (R) shakes hands with... AFP/Pool

    WASHINGTON - The House on Wednesday night began debating legislation that would overhaul Wall Street regulations, overcoming a last-minute revolt by moderate Democrats that had stalled one of the Obama administration's priorities. Full Story »

  • BofA repays $45B in government bailout funds

    AP – Wed Dec 9, 5:48 pm ET  
    FILE - In this Sept. 15, 2008 file photo, traffic passes a branch... AP

    CHARLOTTE, N.C. - Bank of America Corp. said Wednesday it has repaid the entire $45 billion it owed U.S. taxpayers as part of the Troubled Asset Relief Program. Full Story »

  • Stocks climb as investors shrug off debt concerns

    AP – Wed Dec 9, 6:08 pm ET  
    FILE - In this Dec. 4, 2009 file photo, Traders work on the floor... AP

    NEW YORK - Investors set aside some of their concerns about rising debt levels around the world and looked for bargains after a two-day slide in stocks. Full Story »

  • GM replaces Chevy brand manager after 5 months

    AP – Wed Dec 9, 7:06 pm ET  
    FILE - In this Feb. 8, 2006 handout file photo provided by General... AP

    DETROIT - General Motors has replaced its Chevrolet brand manager after just five months as it continues to shake up top management. Full Story »

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