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AP Business News
11/22/2009 06:09:26
|  Historic health care bill clears Senate hurdle
WASHINGTON (AP) - A bruising debate on health care awaits the Senate after Thanksgiving now that the historic legislation has cleared a key hurdle over the opposition of Republicans eager to inflict a punishing defeat on President Barack Obama. The bill would extend coverage to roughly 31 million who lack it, crack down on insurance company practices that deny or dilute benefits and curtail the growth of spending on medical care nationally. More » |  South Koreans to get Apple's iPhone this week
SEOUL, South Korea (AP) - Apple Inc's iPhone is coming to South Korea this week, a local carrier announced Sunday, bringing the iconic communications device to one of the world's most sophisticated mobile phone markets. KT Corp. began accepting orders for the iPhone both online and in stores Sunday and service will start Nov. 28 as part of an official launch, said Alice Park, a spokeswoman for the country's second-largest mobile carrier. More » |  More Americans expected to travel for Thanksgiving
WASHINGTON (AP) - The number of Americans traveling away from home for Thanksgiving will be up only slightly this year from 2008, according to a report from the AAA auto club. The group, which surveyed 1,350 households, said there will be about 33.2 million people traveling by car this year - a 2.1 percent increase from last year. More » |  D.R. Horton sees 26 perecent spike in 4Q orders
Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling more than 15 percent Friday. The surge in orders came as many first-time homebuyers sought to qualify for an $8,000 tax credit that was set to expire at the end of this month before Congress extended it into next year. More » | Texas high court agrees to rehear Exxon case
DALLAS (AP) - The Texas Supreme Court on Friday said it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from drilling there. A small drilling company that tried to enter the wells near Corpus Christi, and the land owners, accused the world's largest publicly traded oil company of intentionally wrecking the wells. More » |
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