Most Emailed Business News

WASHINGTON - Former President Bill Clinton knows just how high the political stakes are in the fight to overhaul America's health care system.

When it comes to financial matters, Americans are functionally illiterate.

NEW YORK - Investors cooled their buying of stocks and commodities, pausing from a surge that's carried major stock indexes to their highest levels in more than a year.

WASHINGTON - Abortion opponents in the Senate want tough restrictions in the health care overhaul bill, similar to the limits passed by the House this past weekend.

Stock market volatility is back, a signal to some experts that the powerful rally that started in early March may be coming to an end.

WASHINGTON - About a million Maclaren strollers sold by Target and Babies "R" Us were recalled Monday, after 12 reports of children having their fingertips amputated by a hinge mechanism.

WASHINGTON - A comparison of the health care bills before Congress.

LONDON - British candy maker Cadbury PLC rejected a renewed 9.8 billion pound ($16.4 billion) hostile bid from Kraft Foods Inc. on Monday after the U.S. company refused to sweeten a previous offer.

NEW YORK/TORONTO (Reuters) - Mike Wilson, Steve Wilson and Mike Bennett are patient men.

WASHINGTON - After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says.

Our goal as college professors is to open students minds to new experiences so they can grow intellectually while they mature through the traditional four-year process. But we are also challenged to give students the immediate skills they will need once they graduate so that they can begin their professional careers and move away from the fry-o-later to the cubicle and beyond.

NEW YORK (Reuters) - General Electric Co. and Comcast Corp have agreed on a valuation of around $30 billion for a joint venture between NBC Universal and Comcast, ironing out what has been a key obstacle in talks so far, a source familiar with the matter said on Sunday.

NEW YORK (Reuters) - Wall Street edged higher and the Dow touched a fresh 13-month high on Tuesday as several positive corporate announcements helped stocks extend gains.

NEW YORK - Based on the rhetoric, America's war on drugs seems poised to shift into a more enlightened phase where treatment of addicts gains favor over imprisonment of low-level offenders. Questions abound, however, about the nation's readiness to turn the talk into reality.

HELSINKI - Nokia Corp. announced Monday that some 14 million mobile phone chargers could be dangerous for users and said it will replace them free of charge.

WASHINGTON - Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday.

NEW YORK (Reuters) - Advanta Corp , a small business credit card lender in the United States, said on Sunday it filed for bankruptcy protection after the economic crisis over the last two years devastated its small business customers.

TRENTON, N.J. - Less than a month after buying Wyeth, drug giant Pfizer Inc. has mapped out a new structure for its research and development operations.

LONDON/CHICAGO (Reuters) - Kraft Foods Inc chief Irene Rosenfeld refused to sweeten her $16.2 billion offer for candy maker Cadbury Plc and took the bid directly to shareholders on Monday, setting the stage for a takeover battle that could last up to three months.

SAN FRANCISCO (Reuters) - Google Inc said on Monday that it was acquiring of AdMob, one of the largest mobile advertising networks, for $750 million, widening its bet that cell phone advertising could become the Internet's next-big money maker.

NEW YORK/WASHINGTON (Reuters) - The European Commission has objected to Oracle Corp's acquisition of computer maker Sun Microsystems Inc , throwing the $7 billion deal into question.

LONDON (AFP) - Gold prices hit a record high of 1,111.20 dollars an ounce on Monday in response to rising demand for the precious metal from emerging economies and a decline in the value of the dollar.

WASHINGTON - Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the Federal Reserve said Monday.

WASHINGTON - All but one of the 19 largest banks have raised the extra capital cushion regulators said they'd need to withstand a deeper recession — a sign, the Treasury secretary said, of how much the financial system has improved since the crisis began.

BEIJING - The editor-in-chief of a hard-driving Chinese magazine that tackled tough subjects such as corruption, pollution and worker's rights resigned Monday, casting doubt over prospects for greater media independence.

LOS ANGELES/CHICAGO (Reuters) - McDonald's Corp said sales at established U.S. restaurants fell 0.1 percent in October, as expected, but its stock ticked up 1.5 percent after sales from the rest of the world buoyed overall results.

WASHINGTON - Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits.

NEW YORK - The social networking Web site Tagged.com has adopted reforms on the use of invitation e-mails after being accused of essentially stealing the e-mail addresses of some 60 million Internet users, state Attorney General Andrew Cuomo announced Monday.

LOS ANGELES - Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. for $1.65 billion in cash.

NEW YORK (AFP) - Pfizer announced Monday cuts in its research activities and staff after acquiring pharmaceutical rival Wyeth.