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AP Business

Venezuela assumes control of Spanish-owned bank about 2 hours ago CARACAS, Venezuela (AP) -- President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday - making the state the largest player in the nation's banking system....  Read Story.

Malt-O-Meal recalls oatmeal made with dry milk about 6 hours ago MINNEAPOLIS (AP) -- Malt-O-Meal Co. is voluntarily recalling oatmeal that contains instant nonfat dry milk that may be contaminated with salmonella....  Read Story.

Colorado company offers banana coffins about 10 hours ago DENVER (AP) -- Casket makers catering to natural burials have offered biodegradable coffins made of such materials as recycled newspapers or cardboard. Ecoffins USA, based in Montrose, Colo., is s  Read Story.

MOUNTAIN OF DEBT: Rising debt may be next crisis about 11 hours ago WASHINGTON (AP) -- The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It's the national debt....  Read Story.

Canada finance minister says unemployment to rise about 11 hours ago TORONTO (AP) -- Canada's finance minister said Friday that the country's economic recovery will likely be modest and job losses will mount into 2010 even after growth has begun....  Read Story.

Job seekers seek solace with fellow faithful about 11 hours ago BEVERLY, Mass. (AP) -- Her fellow job seekers offer knowing groans as Diane Castro recalls the day she was laid off: The fear of being summoned to the front office. The phones in nearby cubicles g  Read Story.

Cummins reopening Ind. plant, while another closes about 11 hours ago COLUMBUS, Ind. (AP) -- Cummins Inc. is recalling 400 laid-off workers as it resumes production at a Columbus factory, while nearly 300 people lost their jobs as an auto parts company idled a plant  Read Story.

Airline BA to cut capacity, delay new planes about 12 hours ago LONDON (AP) -- British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven d  Read Story.

HealthSouth accuses Scrushy of hiding assets about 12 hours ago BIRMINGHAM, Ala. (AP) -- HealthSouth Corp. is accusing fired chief executive Richard Scrushy of hiding money in offshore bank accounts and transferring assets out of his name to avoid paying court  Read Story.

Texas brewer, once near defeat, shines again about 13 hours ago SHINER, Texas (AP) -- By all accounts, Shiner beer shouldn't have made it this long. The Spoetzl Brewery ferments its brew in a one-stoplight town that's not on the way to anywhere, and much large  Read Story.

Much-needed tax refunds delayed from Ga. to Calif. about 13 hours ago ATLANTA (AP) -- Colin Daymude was out of work last year after his business failed and eagerly filed his taxes in mid-January, figuring he'd get his refund sooner. He was wrong....  Read Story.

Will or trust? Understanding the differences about 13 hours ago NEW YORK (AP) -- One of the big mysteries in the chaotic days following Michael Jackson's death was whether he left behind a will....  Read Story.

Auto parts maker shutting down Indiana plant about 13 hours ago SHELBYVILLE, Ind. (AP) -- Meridian Automotive Systems is idling a central Indiana factory, putting 295 people out of work....  Read Story.

China Investment buying stake in Teck Resources about 14 hours ago VANCOUVER, British Columbia (AP) -- Mining company Teck Resources Ltd. says it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to   Read Story.

Oil brokerage loses $10 mln on rogue trades about 14 hours ago LONDON (AP) -- PVM Oil Associates, the world's biggest over-the-counter oil brokerage, says it lost nearly $10 million this week because of unauthorized trades that caused a temporary spike in Bre  Read Story.

European stocks calm as US readies for 4th of July about 14 hours ago LONDON (AP) -- European stock markets traded in a narrow range Friday as investors caught their breath after big losses the day before on U.S. jobs data. Wall Street's closure for the Independence  Read Story.

Oil hovers above $66 after weak jobs data about 17 hours ago Oil prices hovered above $66 a barrel Friday in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent prices tumbling....  Read Story.

Judge OKs continued freezing of financier's assets about 17 hours ago LOS ANGELES (AP) -- A federal judge has granted the Securities and Exchange Commission's request to continue freezing the assets of a California financier charged in a fraud case involving hundred  Read Story.

World markets slide on grim US jobs report about 22 hours ago HONG KONG (AP) -- Most Asian markets fell Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world's largest economy. European stocks also weakened in early trade..  Read Story.

Oil hovers above $66 in Asia after weak jobs data about 22 hours ago SINGAPORE (AP) -- Oil prices hovered above $66 a barrel Friday in Asia in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent crude prices tumbling....  Read Story.

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