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NEW YORK (Reuters) – Lennar Corp , the second-largest U.S. homebuilder on Monday reported a wider quarterly loss as it scrambled to sell off its inventory of homes in the face of a brutal economic downturn.

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Lennar reports wider quarterly loss

A northern Indiana coroner was arrested on a charge of driving while intoxicated soon after state troopers had also arrested his son for possible drunken driving. State police said a trooper stopped a 19-year-old Sunday night for going 73 mph in a 60 mph…

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Indiana troopers nab son, then dad on DWI charges

WASHINGTON (Reuters) – President Barack Obama ordered General Motors Corp and Chrysler LLC to accelerate their survival efforts and brace for possible bankruptcy, saying neither company had done enough to justify the taxpayer money they were seeking.

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Obama’s tough auto stance may include bankruptcy

Food safety officials said Monday they were investigating a central California plant that processed pistachios tied to nationwide recalls of trail mix and bagged nuts because of possible salmonella contamination. The California Department of Public Health…

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Calif., federal officials probe pistachio plant

Service station owners throughout California face a Wednesday deadline to install gasoline pumps that reduce air pollution, a costly development that prompted a trade association to warn that thousands of stations might close. Those fears now appear…

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Calif. stations face deadline for new gas pumps

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Chrysler: No Roman Holiday Ahead

Miss Universe and Miss USA have taken a firsthand look at the U.S. prison for terrorism suspects at Guantanamo Bay. The beauty pageant winners took part in a VIP tour to entertain American military personnel at the prison in Cuba. Miss Universe Dayana Mendoza…

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Miss Universe and Miss USA tour Guantanamo

Target Corp. is asking its shareholders to vote for a board of 12 directors and not 13 as activist shareholder William Ackman, who runs hedge fund Pershing Square Capital Management, would like. In amended proxy documents filed Monday with the Securities and…

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Food safety officials said Monday they were investigating a central California plant that processed pistachios tied to nationwide recalls of trail mix and bagged nuts because of possible salmonella contamination. The California Department of Public Health…

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Calif., federal officials probe pistachio firm

Obama puts GM, Chrysler on short leash WASHINGTON (AP) _ President Barack Obama asserted unprecedented government control over the auto industry Monday, bluntly rejecting turnaround plans by General Motors Corp. and Chrysler LLC, demanding fresh concessions…

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Business Highlights: Automakers on short leash

Plaxico Burress will return to court Tuesday in his gun possession case as his lawyers and prosecutors haggle over a plea deal and what punishment the New York Giants star should face for accidentally shooting himself in a crowded nightclub last year. A law…

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Person with knowledge: Talks delay Burress hearing

The Walt Disney Co. says it has agreed to provide short-form videos from its ABC and ESPN television properties to run on Google Inc.’s YouTube in an ad-revenue sharing arrangement. The agreement was announced Monday. Google has a similar deal with…

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Disney/ABC, ESPN cut YouTube deal

NEW YORK (Reuters) – Colonial BancGroup , is near a deal to get a $300 million capital infusion, which would put a new group of investors in control of the regional bank, the Wall Street Journal reported on Monday, citing people familiar with the matter.

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Colonial BancGroup near deal for $300 million infusion

Can people who received last year’s first-time homebuyer credit apply for the new one this year? And what if you filed your taxes early, but rather than a refund were instead informed that your return is being reviewed. What should…

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Your Money: Homebuyer credits and tax refunds

Engineers have completed the world’s most powerful laser, capable of simulating the energy force of a hydrogen bomb and the sun itself. The system of 192 laser beams, housed in a building the size of a football field, has been in the works for 12 years and…

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World’s largest laser now ready for use