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AP - 1 hour , 6 minutes ago
Politically weakened but refusing to bend, President Barack Obama insisted Wednesday that Bush-era tax cuts be cut off for the wealthiest Americans, joining battle with Republicans -- and some fellow Democrats -- just two months before bruising midterm elections.
 
  • BP took some of the blame for the Gulf oil disaster in an internal report issued Wednesday, acknowledging among other things that it misinterpreted a key pressure test of the well. But in a possible preview of its legal strategy, it also pointed the finger at its partners on the doomed rig.
  • The number of people dying on the nation's roads has fallen to its lowest level in six decades, helped by a combination of seat belts, safer cars and tougher enforcement of drunken driving laws.
  • A federal bankruptcy judge said he would not reward the "greedy antics" of financial giant Credit Suisse by ordering the repayment of $229 million on a loan it arranged for Montana's exclusive Yellowstone Club.
  • South Korea's central bank left its key interest rate near a record low Thursday for a second straight month as the risk of slowing global growth outweighed a buoyant outlook for the local economy.
  • SEC defends $75 million deal with Citigroup
    AP - 1 hour , 20 minutes ago
    The government is defending as "fair and adequate" its $75 million settlement with Citigroup Inc. over charges it misled investors about billions in potential losses from subprime mortgages.
  • For a city already struggling with high unemployment, widespread foreclosures and deep budget cuts, here was another crisis: Wind-whipped fires tearing through row after row of homes, some of them abandoned.
  • The federal government is considering giving Central California farmers some massive water infrastructure to settle a lawsuit over drainage problems that killed birds and left farmland too salty for crops, according to a draft proposal obtained by The Associated Press.
  • Toys R Us invades the mall for the holidays
    AP - 1 hour , 23 minutes ago
    Toys R Us plans to invade the mall this holiday season, opening 600 temporary "Express" stores in malls and other shopping centers around the country, more than six times last year's count, and hiring 10,000 seasonal workers.
  • A group of local and state officials is calling on Boeing to sign an agreement committing the company to completely cleaning up the site of a partial nuclear meltdown that occured in 1959 just outside Los Angeles.
  • With California's economy stuck in a rut, no sign of a deal to solve the state's $19 billion budget deficit and his own approval ratings at an all-time low, who could blame Gov. Arnold Schwarzenegger for wanting to get out of town?
  • Goldman seen paying $30 million British fine
    AP - 2 hours , 24 minutes ago
    Goldman Sachs & Co. is expected to be fined around $30 million by British authorities following an investigation of the big Wall Street bank's activities in London, according to news reports Wednesday.
  • A sharply divided federal appeals court on Wednesday threw out a lawsuit challenging a controversial post-Sept. 11 CIA program that flew terrorism suspects to secret prisons.
  • From mortgage problems to education and budget issues, Nevada leaders on Wednesday delivered a sobering assessment of the state's future as a result of the Great Recession during seven hours of testimony before a federal panel investigating the country's financial meltdown.
  • North Dakota regulators on Wednesday endorsed most of an Xcel Energy Inc. plan for selling its renewable energy credits and sharing the money with its electric customers in the state.
  • A group of local and state officials have called on Boeing to sign an agreement committing the company to completely cleaning up the site of a partial nuclear meltdown that occurred in 1959 just outside Los Angeles.
  • Harrah's Entertainment Inc. on Wednesday dropped its proposal to build a casino south of Wichita, leaving two smaller regional companies to compete for a contract with the Kansas Lottery.



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