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Daily Business news, Financial news & World news

Thousands of government supporters massed in the Iranian capital Tehran, some calling for the death of opposition leaders, as authorities warned they will crush any further anti-regime protests.

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Iranian Government Supporters Stage Anti-Opposition Protests

Treasuries were little changed after the government sold $32 billion of seven-year debt, the last of three note sales this week totaling a record-tying $118 billion.

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Treasuries Little Changed After $32 Billion 7-Year Note Sale

Singapore’s economy probably shrank this quarter after six months of growth as weaker manufacturing output cooled the island’s recovery from the global recession.

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Singapore’s Economy Probably Shrank, Cooling Pace of Recovery

Actor Charlie Sheen and his wife Brooke want to reconcile, their lawyers said Wednesday, even though she told police he put a knife to her throat and threatened to kill her less than a week ago. “They’re very much in love. They want to try to work it out and…

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Charlie SheenPoliceAspen ColoradoActorLaw

Lawyers: Sheens want to reconcile despite arrest

NEW YORK (Reuters) – Time Warner Cable Inc said it is willing to go to arbitration with News Corp’s Fox Networks to avoid losing some of Fox’s channels if the companies fail to agree on a new carriage deal.

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Time Warner Cable could OK arbitration with Fox

Jerry McCrea/The Star-LedgerA file photo of an Able Energy truck at their Rockaway facility.ROCKAWAY BOROUGH – A group of Able Energy shareholders who claimed this week to have ousted the firm’s board of directors conceded today they did not have…

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Shareholders for Rockaway heating-oil firm concede not having enough votes for takeover

A Minnesota judge ruled Wednesday that Gov. Tim Pawlenty “crossed the line” when he cut billions from the state budget on his own, ordering his administration to restore money to a food program for the poor. The ruling from Ramsey County District Judge…

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MinnesotaTim PawlentyUnited StatesGovernmentRepublican

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Minn. judge rules against Pawlenty on budget cuts

The government gave GMAC Financial Services another $3.8 billion in cash and took a majority stake in the auto lender, aiming to stabilize the company as it struggles with big losses in its home mortgage unit. The fresh infusion is on top of $12.5 billion in…

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Wall Street JournalGMACAdministration of federal assistance in the United StatesFinancial servicesBusiness

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Govt gives GMAC $3.8B in new aid, boosts stake

California’s first snow survey of the winter showed the Sierra snowpack below normal Wednesday despite a series of storms that has drenched much of the state and pleased ski resort operators. The state Department of Water Resources reported the findings from…

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CaliforniaUnited States Department of StateUnited StatesSnowWater resources

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Sierra snowpack below average despite Calif storms

The Bank of Nova Scotia said Wednesday it acquired a further 13.2 percent stake in Xi’an City Commercial Bank, raising its holding in the Chinese bank to 14.8 percent. Scotiabank, Canada’s third largest bank, said Wednesday it will invest a total of 162…

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CanadaScotiabankCommercial bankFinancial ServicesBusiness

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Scotiabank increases stake in Chinese bank

NEW YORK (Reuters) – A top executive at American International Group Inc has resigned because of pay curbs imposed by the Obama Administration’s pay czar, the insurer said on Wednesday.

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AIG executive resigns over pay limits

Travelers still getting used to removing their shoes in public and pouring shampoo into tiny bottles may soon have to adjust to something new in the airport security line _ giant machines that that scan their bodies for anything a terrorist might use to cause…

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TerrorismAirport securityUnited StatesTransportation Security AdministrationBusiness

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Questions and answers about full-body scanners

YRC Worldwide Inc., one of the nation’s largest trucking companies, is disputing an analyst’s prediction that it may be forced to close its doors as early as this weekend if it files for bankruptcy. YRC, based in Overland Park, Kan., on Wednesday extended for…

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YRC WorldwideBankruptcyLawUnited StatesBusiness

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YRC rejects analyst’s prediction that it may close

American International Group Inc. has lost a top executive due to the government’s limits on executive pay. AIG said Wednesday that vice chairman and general counsel Anastasia Kelly has resigned, effective immediately. Kelly left because of the reduction in…

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American International GroupExecutiveChairmanGeneral counselGovernment

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AIG says general counsel Kelly resigns over pay

Medicare officials are detailing plans to distribute billions of dollars in stimulus money to upgrade the nation’s paper medical records to electronic files. Under the proposal, doctors and hospitals that keep updated electronic medical records on patients…

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MedicareMedical recordElectronic health recordHospitalHealth

Medicare officials plan for health stimulus funds