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AP Top Business News At 8 a.m. EST
Senators to cast crucial vote on Obama health legislation; GOP firmly opposed to reform effort WASHINGTON (AP) -- 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....
Homebuilder D.R. Horton stems loss in fiscal 4th-qtr, but misses Wall Street expectations 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....
28 states added jobs in October, but the employment gains may be short-lived WASHINGTON (AP) -- In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment....
Stocks slip as investors push into safe-haven investments; Dell weighs on technology stocks NEW YORK (AP) -- Investors can't shake their fears that the economy isn't keeping up with the stock market....
Ex-Vivendi CEO tells jury in investor lawsuit: I 'did my best,' made mistakes but never misled NEW YORK (AP) -- 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....
Texas Supreme Court grants rehearing in case alleging Exxon Mobil sabotaged abandoned wells DALLAS (AP) -- 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....
As interest rates fall back near zero, there aren't many happy returns NEW YORK (AP) -- The U.S. is finally becoming a nation of savers. Now if only we could get something for our money....
President Obama says his trip to Asia helped build steps toward US economy's recovery WASHINGTON (AP) -- 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 job and open new markets for American goods in the future....
Regulators shut Commerce Bank of Southwest Florida; marks 124th US bank failure this year WASHINGTON (AP) -- 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....
JPMorgan Chase drops controversial arbitration clause from credit card contracts BOSTON (AP) -- JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits....
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