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Today's Top Headlines
AP Interview: Obama says Putin has 'lot of sway' in Russia, must understand Cold War is over
5:43PM CT
Marines battle Taliban in massive Afghan offensive; suffer first casualties
5:43PM CT
LAPD actions, delays scrutinized after Jackson death; family took items before police search
5:43PM CT
Penthouse where disgraced financier Madoff and wife lived seized by US marshals, could be sold
5:39PM CT
Attorney: Debbie Rowe still deciding whether to seek custody of kids she had with Jackson
5:04PM CT
Final interviews: Saddam Hussein sought familiar refuge while on the run after US invasion
5:44PM CT
French investigators say speed sensors not cause of Flight 447 crash, plane hit water intact
5:44PM CT
SC first lady calls husband's actions 'inexcusable' but says she is willing to forgive
5:44PM CT
Police: Conn. teens misinterpret woman's screams during sex, beat man with baseball bat, fists
2:23PM CT
Un-bee-lievable: Bee swarm delays Astros' 7-2 win over Padres
5:52PM CT

Business News

Jobless data sends stocks reeling; Dow loses 223
4:37PM CT
NEW YORK (AP) - The stock market found little to celebrate heading into the long holiday weekend.
 
As economy drops jobs, paychecks drop some weight
3:29PM CT
WASHINGTON (AP) - Americans lucky enough to still have a job are noticing something unpleasant in their paychecks: They're making less money.
 
Johnson & Johnson pays $1B for Elan stake
4:04PM CT
TRENTON, N.J. (AP) - Johnson & Johnson, making a big jump into the risky but potentially lucrative field of Alzheimer's disease, is taking a major stake in Irish biopharmaceutical company Elan Corp., investing up to $1.5 billion initially.
 
Exelon raises hostile bid for NRG to $8 billion
3:21PM CT
COLUMBUS, Ohio (AP) - Exelon Corp. on Thursday sweetened its hostile takeover bid for NRG Energy Inc. by 12 percent to $8 billion in stock, citing newly identified cost savings along with NRG's recent deal for Reliant Energy's Texas retail business.
 
Feds seize Madoff penthouse, wife leaves
5:39PM CT
NEW YORK (AP) - Federal marshals seized disgraced financier Bernard Madoff's $7 million Manhattan penthouse on Thursday and forced his wife to move out and leave her possessions behind, including a fur coat she asked to take with her, an official told The Associated Press.
 
Boeing maintains deliveries in 2nd-quarter
3:23PM CT
WASHINGTON (AP) - Boeing Co. delivered 125 commercial jets in the second quarter, one less than the same period in 2008.
 
7 more banks fail as FDIC mulls rules for sales
6:01PM CT
WASHINGTON (AP) - Six Illinois banks and one bank in Texas were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take over failed banks.
 
GM waits for judge's ruling on sale plan
4:28PM CT
NEW YORK (AP) - The judge in the General Motors Corp. bankruptcy case adjourned a three-day hearing without indicating when he will rule on the company's plan to sell its good assets to a new company.
 
Oil prices tumble as Europe and the US shed jobs
1:20PM CT
NEW YORK (AP) - Oil prices tumbled to their lowest level in a month Thursday following the release of woeful job numbers in Europe and the U.S.
 
ECB keeps interest rate at 1 pct
10:47AM CT
LUXEMBOURG (AP) - The European Central Bank left its benchmark interest rate unchanged at 1 percent Thursday, preferring to wait and see if its "spectacular" infusion of credit into the banking system will loosen lending to consumers and businesses in the euro zone's struggling economy.
 
   

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