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AP Top Business News At 9:54 a.m. EDT
AP Top Business News At 9:54 a.m. EDT

  • Stocks inch higher as European debt worries ease
    By STEPHEN BERNARD 2010-09-08T13:44:09Z
    NEW YORK (AP) -- Stocks rose slightly Wednesday as investors tried to brush off fresh worries about the health of European banks....


  • BP report blames itself, others for oil spill
    By HARRY R. WEBER, MICHAEL KUNZELMAN and DINA CAPPIELLO 2010-09-08T13:54:15Z
    NEW ORLEANS (AP) -- Oil giant BP PLC laid much of the blame for the rig explosion and the massive Gulf of Mexico spill on itself, other companies' workers and a complex series of failures in an internal report released Wednesday before a key piece of evidence has been fully analyzed....


  • Obama to pitch trio of economic proposals in Ohio
    By JULIE PACE 2010-09-08T13:51:48Z
    WASHINGTON (AP) -- President Barack Obama is voicing unwavering opposition to extending Bush-era tax breaks for the nation's wealthiest families even for a year or two, drawing a sharp contrast with Republicans eight weeks before the November elections....


  • BP Investigator: 8 failures led to disaster
    By DINA CAPPIELLO 2010-09-08T13:40:41Z
    WASHINGTON (AP) -- The lead BP PLC investigator is saying that eight separate failures had to occur for the company's deepwater well to unleash the largest offshore oil spill in history....


  • Russian airliner lands in forest, no one hurt
    By 2010-09-08T13:40:48Z
    MOSCOW (AP) -- Russian aviation investigators have launched a probe into the emergency landing of a passenger jet that rolled into a forest without hurting anyone....


  • Oracle plans to give Hurd $950,000 annual salary
    By 2010-09-08T13:14:47Z
    NEW YORK (AP) -- Oracle plans to pay newly appointed President Mark Hurd a base salary of $950,000 a year. The company also says the former Hewlett-Packard Co. CEO, who was ousted by that company last month, is eligible for a fiscal 2011 bonus of as much as $10 million....


  • Canada's central bank raises key rate to 1 pct
    By ROB GILLIES 2010-09-08T13:51:37Z
    TORONTO (AP) -- Canada's central bank raised interest rates on Wednesday for the third consecutive time....


  • AP Exclusive: Back to work after salmonella case
    By MARY CLARE JALONICK 2010-09-08T12:46:56Z
    WASHINGTON (AP) -- The peanut industry executive whose filthy processing plants were blamed in a salmonella outbreak two years ago that killed nine people and sickened hundreds more is back in the business....


  • Smithfield posts 1Q profit on higher pork prices
    By 2010-09-08T13:18:21Z
    SMITHFIELD, Va. (AP) -- Smithfield Foods Inc. said Wednesday higher selling prices for pork and improvement in hog market prices helped it return to a profit in its fiscal first-quarter....


  • Indian court upholds big tax bill against Vodafone
    By ERIKA KINETZ 2010-09-08T13:06:05Z
    MUMBAI, India (AP) -- In a landmark ruling Wednesday, an Indian court said Vodafone Group Plc is liable for an estimated $2.6 billion in taxes for its 2007 acquisition of one of India's largest mobile phone companies....