Yahoo! Buzz US: Top Stories

Iranian cleric: British Embassy staff to be tried (AP)

Fri, 3 Jul 2009 03:23:19 PDT

AP - EDITOR'S NOTE: Iranian authorities have barred journalists for international news organizations from reporting on the streets and ordered them to stay in their offices. This report is based on the accounts of witnesses reached in Iran and official statements carried on Iranian media.

IOUs spell uncertainty for Calif. small businesses (AP)

Fri, 3 Jul 2009 01:39:46 PDT

Business consultant Katrina Kennedy has taken her young son out of preschool and put a family vacation on hold. Dairyman Mike O'Kelly is wondering whether he is going to have to let employees go.

GM awaits judge's ruling on sale plan (AP)

Fri, 3 Jul 2009 03:10:58 PDT

General Motors Corp. may have to wait out the long holiday weekend to learn if its bankruptcy plan is moving forward, after U.S. Judge Robert Gerber adjourned a three-day hearing without indicating when he will rule on GM's plan to sell its good assets to a new company.

China moves on Opel with BAIC bid (Reuters)

Fri, 3 Jul 2009 09:23:29 PDT

Reuters - A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.

States set to ring in Independence Day sans budget (AP)

Fri, 3 Jul 2009 02:11:01 PDT

Several states are facing the prospect of government shutdowns and program cuts as they enter the first weekend of the fiscal year and July Fourth holiday without a budget in place.

Oil brokerage PVM names rogue trader behind oil spike (Reuters)

Fri, 3 Jul 2009 06:23:28 PDT

Reuters - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.

Major nations should back dollar as key currency: Japan (Reuters)

Fri, 3 Jul 2009 02:07:59 PDT

Reuters - Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday.

Medici lawyer says Kohn didn't get Madoff payments (Reuters)

Fri, 3 Jul 2009 10:23:25 PDT

Reuters - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.

Boeing shares fall as analyst cuts 787 estimates (AP)

Thu, 2 Jul 2009 09:51:34 PDT

Shares of Boeing Co. and several other aerospace companies fell Thursday as an analyst cut his estimates of 787 jetliner deliveries, though he said the delay will allow Boeing to make improvements.

Texas not pursuing online sales tax

Fri, 3 Jul 2009 08:08:09 PDT

/C O R R E C T I O N -- Bank of America/ (PR Newswire)

Fri, 3 Jul 2009 05:55:13 PDT

Jul-2009 by Bank of America over PR Newswire, we are advised by the company that in the 13th and 14th paragraphs, the figure "$0.1916170" should read "$0.19167". The complete, corrected release follows:

Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown

Thu, 2 Jul 2009 23:12:01 PDT

Rolling Stone magazine calls Goldman Sachs a "vampire squid sucking the face of humanity." Goldman fires back

Airline BA to cut capacity, delay new planes (AP)

Fri, 3 Jul 2009 13:11:00 PDT

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 decline in passengers.

The old is new again at Saturday Evening Post (AP)

Fri, 3 Jul 2009 10:11:15 PDT

The Saturday Evening Post, a centuries-old publication that helped make illustrator Norman Rockwell a household name and showcased some of America's greatest writers, is returning to its roots to show readers the value of a quiet read in an increasingly frenetic digital age.

J&J buys $1 billion Elan stake, gains Alzheimer's R&D (Reuters)

Thu, 2 Jul 2009 13:51:23 PDT

Johnson & Johnson has agreed to pay $1 billion for an 18.4 percent stake in Irish drugmaker Elan Corp , and will acquire a major stake in Elan's portfolio of experimental drugs to treat Alzheimer's disease.