AP Top Business News At 3:07 p.m. EDT
Consumers cut borrowing by $12B in August WASHINGTON (AP) -- Consumers reduced their borrowing for the seventh straight month in August, as households trim spending and banks reduce credit card limits....
Stocks fall after 2-day rally as earnings loom NEW YORK (AP) -- Investors waiting for earnings reports to start in earnest sent stocks modestly lower Wednesday following a two-day spike....
Amid the global economic crisis, China rises BEIJING (AP) -- The auto-parts maker Delphi Corp. is headquartered in Troy, Mich., in the heart of the region that made the United States the car capital of the world. It's a place where the phrase "buy American" is right at home....
Banco Santander's Brazilian IPO raises $8.1B NEW YORK (AP) -- Spanish financial giant Banco Santander SA has raised $8.1 billion with an initial public offering of shares in its Brazilian subsidiary, the largest IPO in the world this year....
GM's US sales chief leaves after decline in sales DETROIT (AP) -- Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to prop up its falling share of the market....
Conoco raises dividend, to sell $10B of assets NEW YORK (AP) -- ConocoPhillips on Wednesday said it will increase its quarterly dividend 6 percent, sell $10 billion of assets and lower capital spending in 2010 in an effort to strengthen its financial position....
Anheuser-Busch InBev sells theme parks for $2.3B Anheuser-Busch InBev said Wednesday it will sell its theme parks, including the three SeaWorlds and two Busch Gardens across the country, to private equity firm Blackstone Group for at least $2.3 billion....
Judge sets deadline for amended Google book deal NEW YORK (AP) -- A federal judge set a Nov. 9 deadline Wednesday for submitting a revised agreement in the battle over Google Inc.'s effort to get digital rights to millions of out-of-print books....
Test detects patients who don't respond to Plavix WASHINGTON (AP) -- "Just spit." With those simple instructions, health care providers in California are hoping to expand the use of genetic testing to make sure patients get the right medication....
Regulators seek tighter oversight of derivatives WASHINGTON (AP) -- Federal regulators on Wednesday asked a House panel to strengthen proposed legislation that would impose new oversight of derivatives. Republican lawmakers contend the measure already could eliminate jobs and stifle companies' ability to manage risks....
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