Most Recommended Business News

LAREDO, Texas - A U.S. program that offers trusted trucking companies speedy passage across American borders has begun attracting just the sort of customers who place a premium on avoiding inspections: Mexican drug smugglers.

WASHINGTON - Failure is not an option on health care, a leading Democratic senator said Monday, even as Republicans turned up the heat on moderates who hold the fate of the legislation in their hands.

WASHINGTON - More than 2.1 million drop-side cribs by Stork Craft Manufacturing are being recalled, the biggest crib recall in U.S history, following reports of four infant suffocations.

WEST PALM BEACH, Fla. - The federal government said Monday that it has found a "strong association" between problematic imported Chinese drywall and corrosion of pipes and wires, a conclusion that supports complaints by thousands of homeowners over the last year.

WASHINGTON - A lot more Americans are feeling stressed out by debt this holiday season, raising the glum likelihood they'll behave like Scrooge rather than Santa.

WASHINGTON - Remember the economy's return to growth last quarter? Well, it probably wasn't as energetic as first thought.

ALLENTOWN, Pa. - Jon Gosselin offered his estranged wife a bouquet of red roses at their divorce arbitration hearing over the weekend. She evidently turned them down. Despite the snub, the marathon session went so well that the feuding stars of "Jon & Kate Plus 8" could be divorced by the end of the year, his attorney said Monday.

WASHINGTON - Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.

GUANGZHOU, China - Hundreds of residents worried about property values and health risks protested Monday against the planned construction of a trash incinerator in the southern boomtown of Guangzhou.

WASHINGTON - President Barack Obama said Monday the nation's economy is in good shape for the long term thanks to "core strengths" such as its universities, its innovation and a dynamic workforce.

WASHINGTON - Hey kids, grab those beakers and Petri dishes, the White House is going to hold a science fair.

TOKYO (Reuters) - Gold eased on Tuesday as investors booked profits after prices hit record highs the day before, but sentiment was underpinned by a weak dollar which makes bullion cheaper for holders of other currencies and boosts its appeal as an alternative asset.

ARTOIS, Calif. - An oil boom is under way in California's agricultural heartland, as evolving tastes and a trend toward healthy fare have transformed a profession as old as civilization: olive production for the extra virgin market.

WASHINGTON - Most Americans don't expect a health care overhaul to affect their lives directly, but those who worry about the fallout outnumber those expecting to come out ahead, a poll out Tuesday has found.

Although home sales surged last month, many housing experts--and even real estate agents' own trade group--are expecting the market to retrench in the coming months as the jolt from a tax incentive's previously impending deadline subsides. On a seasonal basis, existing home sales jumped 10 percent last month from September and nearly 24 percent from October 2008, the National Association of Realtors reported Monday. ...

NEW YORK - Artist Nate Giorgio recalls the last time he saw Michael Jackson, just days before the singer's death.

BERLIN - McDonald's is going green — swapping its traditional red backdrop for a deep hunter green — to promote a more eco-friendly image in Europe.

New York (Reuters) - Sales of existing U.S. homes likely rose for a second consecutive month in October, reaching their highest since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit.

BANGKOK - Asian stock markets retreated Tuesday as China's warning to banks to control their lavish lending underlined the risks to an economic recovery driven by easy credit. European shares were lower.

(Reuters) - U.S. stock index futures pointed to a lower opening on Wall Street on Tuesday, following the previous session's sharp gains, with futures for the S&P 500 down 0.18 percent, Dow Jones futures down 0.26 percent and Nasdaq 100 futures down 0.38 percent at 0925 GMT (4:25 a.m. EST).

WASHINGTON - Republicans love to get their hands on the Democrats' health care legislation. They show it to the cameras at every opportunity, even piling one version on top of another to make a big pile look even bigger.

WASHINGTON - Sen. Charles Schumer says majority Democrats will push through a bill overhauling the health care system with or without Republican support.

SAN FRANCISCO (Reuters) - Hewlett-Packard Co tripled the size of its share repurchase program to $12 billion as China sales and better profit margins on its services boosted quarterly earnings.

(Reuters) - Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.

PARK FALLS, Wis. - Forests are a treasure trove of limbs and bark that can be made into alternative fuels and some worry the increasing trend of using that logging debris will make those materials too scarce, harming the woodlands.

GENEVA - Charlie Chaplin's last home in Switzerland will be turned into a permanent place of pilgrimage for fans of the actor who immortalized the "Little Tramp," one of his sons said Monday.

NEW YORK - Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy protection filing of Taylor, Bean & Whitaker Mortgage Corp.

LONDON (AFP) - Global stock markets rose sharply on Monday as the dollar weakened, mirroring surging commodities, while signs of a possible international battle for British confectioner Cadbury focused traders' minds.

LONDON - Four British lawmakers could face criminal charges over the expenses they claimed from taxpayers, prosecutors said Monday, marking the latest twist in a scandal over lavish spending by elected officials.

OTTAWA - Corel Corp., the maker of WordPerfect and other software, on Monday justified an offer to take the company private, saying that complete ownership is necessary to inject capital quickly and avert a default on its loans.