Business News

Russia president criticizes ruling party over vote

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.  Read More

1st Senate vote looms on health legislation

A crucial first Senate vote on President Barack Obama's health care overhaul in a rare Saturday night session looms as a test of Democratic unity and the president's prestige.  Read More

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

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.  Read More

CAPITAL CULTURE: Sotomayor adds celebrity to court

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.  Read More

Stocks fall for 3rd day as dollar strengthens

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

Ex-Vivendi CEO: I made mistakes but never misled

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.  Read More

Texas high court agrees to rehear Exxon case

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.  Read More

Americans save more but earn less as rates fall

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

Obama trumpets Asia trip as boost to US economy

President Barack Obama's eight-day trip to Asia produced no tangible wins for the United States, though he is citing talks with Asian allies that he says could help create thousands of jobs and open new markets for American goods in the future.  Read More

Small Florida bank shuttered, 124th this year

Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults.  Read More