WASHINGTON, Aug 23- President Barack Obama on Saturday urged business owners to press Congress to reauthorize the U.S. Export-Import Bank, which could halt any new financing Sept. 30- as some conservative Republicans hope it will- if lawmakers fail to act.» Read More
NEW YORK-- BP has finally found a buyer for its Texas City refinery, one of the largest and most complex in the U.S. Marathon Petroleum Corp. will pay only $598 million for the refinery itself and other nearby pipelines and fuel terminals. The Texas City refinery has a troubled history.
NEW YORK-- As criticism over sugary sodas intensifies, the beverage industry is rolling new vending machines that display just how many calories are in its drinks. The vending machines will launch in Chicago and San Antonio municipal buildings in 2013 before rolling out nationally.
DETROIT-- General Motors plans to hire up to 1,500 workers to staff a new computer technology center outside Detroit. Last month the company announced it would hire 500 people for a center in Austin, Texas. But spokeswoman Julie Huston-Rough said most carmakers strike a balance between doing computer work in the company and hiring outside firms.
UnitedHealth Group Inc. will spend about $4.9 billion to buy a majority stake in Brazilian health benefits and care provider Amil Participacoes SA, as the largest U.S. health insurer leaps into an international market it says is primed for growth.
ROSWELL, N.M.-- Experienced skydiver and extreme athlete Felix Baumgartner hopes to take the leap of his life on Tuesday, attempting the highest, fastest free fall in history. Rigged with cameras, the 43- year-old former military parachutist from Austria is scheduled to jump from a balloon-hoisted capsule 23 miles near Roswell on Tuesday morning.
DOYLESTOWN, Pa.-- When the recession cost Jerry Krone his longtime accounting job several year ago, he turned to his hobby _ making gourmet jam in his Fountainville kitchen. Now he's a fixture at Doylestown's weekly farmers market, selling his lilac jelly and rose petal jam for $4 and $8 a jar.
COSTA MESA, Calif.-- Army veteran Don Matyja was getting by alright on the streets of this city tucked in Southern California suburbia until he got ticketed for smoking in the park. Matyja, who has been homeless since he was evicted nearly two years ago, had trouble paying the fine and getting to court _ and now a $25 penalty has ballooned to $600.
NEW YORK-- Anyone hoping to commune with Christopher Columbus on Columbus Day will be disappointed: He's booked solid. The exhibit, "Discovering Columbus" by Japanese artist Tatzu Nishi, has become a must-see cultural attraction in New York since it opened Sept. 20.
NEW YORK-- Red Bull is rolling out its energy drink in three fruity flavors this spring, as the company looks to boost its stake in the rapidly growing market. Last year, sales volume for energy drinks rose by nearly 17 percent, with the top three players _ Monster, Red Bull and Rockstar _ all logging double-digit gains, according to Beverage Digest.
STOCKHOLM-- British researcher John Gurdon and Shinya Yamanaka of Japan won this year's Nobel Prize in physiology or medicine on Monday for discovering that mature, specialized cells of the body can be reprogrammed into stem cells _ a discovery that scientists hope to turn into new treatments.
LOS ANGELES-- Rumbling into its final four weeks, the presidential campaign is playing out on both coasts and multiple fronts, with Republican Mitt Romney seeking stature on foreign affairs and President Barack Obama raising political cash by the millions.
LONDON-- The deadline for applications to be the next head of the Bank of England, the U.K.' s top monetary authority, closed Monday with one of the leading contenders announcing he had decided not to pursue the position.
New Zealand's capital is preparing for the world premiere of the opening film in "The Hobbit" trilogy by showcasing an artisan festival selling all manner of small-folk paraphernalia, laying a red carpet that will extend 500 yards through central Wellington and even renaming the city itself after the trilogy's fictional setting of Middle-earth.
NEW YORK-- U.S. stock futures dipped Monday as economists grow increasingly pessimistic about the outlook for Asia, as well as expectations for a leaden performance from major U.S. corporations as the earnings season kicks off.
NEW YORK-- Citi cut its earnings forecast for UPS, citing weakening speedy package volumes and rising fuel costs.
But the speech in many ways was also as much about style as it was about substance, and the 61- year-old Morsi, the first freely elected president in Egypt's history, used his address to project the image of an energetic leader in touch with the needs of the people.