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World’s largest cruise ship embarks on maiden voyage ROYAL CARIBBEANPeople on shore watch the Oasis of the Seas, the most expensive and largest cruise ship ever built, leave the STX shipyard yesterday on its maiden voyage in Turku, Finland. The…

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Royal Caribbean’s newest ship, the world’s largest, makes maiden voyage

NEW YORK (Reuters) – The Dow industrials suffered its worst slide since July on Friday on concerns that the economic recovery won’t be robust enough to sustain the seven-month stock rally, while financials sank on renewed worries about Citigroup’s balance sheet.

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Stocks tumble on recovery jitters, financials

NEW YORK (Reuters) – American Express Co , the largest U.S. credit card company by purchases, said on Friday it was eligible to issue $12.1 billion more of securities under the Term Asset-Backed Securities Loan Facility plan, or TALF.

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AmEx says can issue $12.1 billion more under TALF

(10-30) 14:26 PDT Louisville, Ky. (AP) — Tobacco advocates are seething over a new Canadian law they claim will snuff out sales of cigarettes packed with U.S. burley, and they are fighting back to protect their export sales. They are asking…

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Leaf groups seek challenge of Canadian law

(10-30) 14:26 PDT ST. LOUIS, (AP) — Crop prices jumped nearly 8 percent in October as rainy weather delayed harvests across the Midwest. Farmers are still getting paid much less for their crops compared with a year ago, when global food…

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Crop prices rise 7.7 percent amid soggy harvest

About 650,000 jobs have been saved or created under President Obama’s economic stimulus plan, the White House said today, saying the president’s goal of 3.5 million jobs by the end of next year is on track. New job numbers from…

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White House says stimulus made, saved 650,000 jobs

(10-30) 14:21 PDT BOSTON (AP) — Massachusetts Gov. Deval Patrick has a new transportation team that looks a lot like his old one, prompting criticism from one prominent legislator and the head of a government watchdog group. The governor…

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New Mass. transport team looks a lot like old one

(10-30) 14:16 PDT ST. LOUIS (AP) — City leaders voted Friday to support a developer’s proposal to transform crumbling sections of north St. Louis by building new business centers and homes. The 15-year project has been touted as including green…

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St. Louis aldermen approve redevelopment plan

(10-30) 14:14 PDT Omaha, Neb. (AP) — A woman who sued an Omaha-based regional retailer arguing she and others weren’t properly notified before being laid off has dropped her legal fight. Cynthia Zych sued Pamida Stores Operating Co. in…

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Nebraska federal lawsuit over layoffs dismissed

(10-30) 14:13 PDT New York (AP) — Grim signals about consumer spending ripped through the markets Friday, sending stocks tumbling as investors raced for safe havens. The Standard & Poor’s 500 index and the Nasdaq composite index ended with…

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Stocks swoon as worries about the economy return

Just when you figured that the United Auto Workers have been hammered into submission, union workers are flexing their muscles. Ford union workers at 11 plants have voted against concessions made by the UAW’s bargaining committee. Workers at four plants have approved the concessions, which include …

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UAW Workers Stiff-Arm Ford

Just when you figured that the United Auto Workers have been hammered into submission, union workers are flexing their muscles. Ford union workers at 11 plants have voted against concessions made by the UAW’s bargaining committee. Workers at four plants have approved the concessions, which include …

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UAW workers stiff arm Ford

(10-30) 14:09 PDT NEW ORLEANS, (AP) — As New Orleans struggles to keep its recovery from Hurricane Katrina on track, it’s facing one of its largest ever budget deficits, $68 million, and the prospect of higher fees for residents and forced…

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New Orleans mayor wants cuts, fees for budget hole

(10-30) 14:06 PDT Sacramento, Calif. (AP) — The communications director for California Attorney General Jerry Brown has been secretly recording telephone conversations with reporters, an apparent violation of state law. The San Francisco…

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Jerry Brown’s spokesman admits secret recordings

RICHARD DREW/ASSOCIATED PRESSSpecialist Donald Vaneck works at his post on the floor of the New York Stock Exchange Friday, Oct. 30, 2009. Stocks plunged Friday, erasing all of the previous day’s big gains, as a drop in consumer spending fanned…

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Stocks tumble due to drop in consumer spending