Robbie Hummel scored 17 points and No. 16 Purdue defeated Ohio State 75-50 on Saturday. E’Twaun Moore had 11 points, 10 rebounds and six assists, Nemanja Calasan had 14 points and JaJuan Johnson added 12 for the Boilermakers (22-7, 11-5 Big Ten). Evan Turner…

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No. 16 Purdue beats Ohio State 75-50

NEW YORK (Reuters) – American International Group Inc is close to a deal with the U.S. government that would ease the terms of its bailout, give a further equity commitment and help it pay down debt, a person familiar with the matter said on Saturday.

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AIG near deal on new terms of U.S. bailout: source

Jon Brockman and Washington can claim a share of the Pac-10 Conference title for the first time in nearly a quarter century. Brockman scored 14 of his 19 points in the second half and the 21st-ranked Huskies clinched at least a tie for the Pac-10 regular…

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No. 21 Washington rallies past Arizona

NEW YORK (Reuters) – British banking giant HSBC will try to raise $18 billion to quell investor concerns as a worsening global economy punished famed investor Warren Buffet’s Berkshire Hathaway with a 96 percent plunge in profits.

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HSBC looks to raise $18 billion

A mile-long avalanche near the Wyoming-Idaho state line swept three snowmobilers to their deaths, authorities said Saturday. Lincoln County officials said the three victims were among four snowmobilers caught by the snow slide Friday near Alpine Mountain in…

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Avalanche kills 3 on Wyoming-Idaho state line

A pilot and a passenger died Saturday after their single-engine plane crashed outside a private airport north of Sacramento, authorities said. Federal Aviation Administration spokesman Ian Gregor said the 1960s Mooney M20E crashed after 9 a.m. west of the Rio…

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2 die in Northern Calif. small plane crash

The city’s budget gap could double to nearly $1 billion because of shrinking returns on employee pension fund investments, a report warned. The deficit for the city’s $7 billion budget currently is projected at $427 million for the 2009-10 fiscal year, mainly…

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LA budget gap could grow to almost $1B

Nick Schneiders scored 20 points and blocked seven shots to lead South Carolina-Upstate to a dominating 80-51 win over Kennesaw State on Saturday. Josh Chavis added 16 points for the Spartans (9-20, 8-12 Atlantic Sun Conference), who shot 54.5 percent from…

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S.C.-Upstate dominates Kennesaw State 80-51

Iraq’s parliament pushed back voting Saturday on this year’s budget and could be forced to make further cuts because of falling oil prices. The latest delay in trying to ratify the current $64 billion budget proposal highlights the financial squeeze facing…

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Iraq: Oil prices may drag budget lower

Police recovered millions in stolen cash and interrogated seven suspected robbers Saturday, a day after a gang took a bank employee’s family hostage and forced him to rob his own branch. Police said that shortly before midnight they raided a house in the…

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Dublin cops arrest 7 after historic bank heist

To keep their broadband customers from fleeing to rival phone companies, New Jersey cable operators are trying a new perk: free WiFi. Comcast is testing WiFi service at about 120 NJ Transit rail stations, targeting its high-speed internet subscribers who…

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Comcast, Cablevision turn to WiFi to retain customers

Warren Buffett says the economic turmoil that contributed to a 62 percent profit drop last year at the holding company he controls is certain to continue in 2009, but the revered investor remains optimistic. Buffett released his annual letter to Berkshire…

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Berkshire has worst year, Buffett still optimistic

Police in Guyana say they are looking for bloggers who caused alarm with a false report that a commercial bank in the South American nation had requested a $5 million bailout to avert a collapse. The Guyana Bank for Trade & Industry said it fielded thousands…

Guyana hunts for bloggers after false bank report

HUA HIN, Thailand (Reuters) – Leaders of Southeast Asian nations have agreed to ease monetary policy and resist protectionism as they fight the financial crisis that is hurting their export-dependent economies, a draft statement showed.

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ASEAN agrees measures to ease economic crisis: draft

To Betsy Sanders, the nationwide salmonella outbreak tied to peanut butter has been a hurricane. Her tiny cookie dough business is the debris. Reimbursing customers for recalled products has already cost her Dough-To-Go Inc. business as much as $7,000, she…

Peanut butter recall bites smaller businesses