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GM Europe: Talks on selling Opel near completion - AP - 53 minutes ago
Negotiations for the sale of General Motors Corp.'s unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and should soon be complete, the head of GM Europe said in remarks released Saturday.

BT offers staff time off in exchange for pay cut - AP - 12 minutes ago
Telecoms company BT Group PLC is offering staff a year off work in return for a 75 percent cut in that year's pay. BT is one of Britain's biggest companies, with more than 100,000 employees.

ALL BUSINESS: Cash is king for investors - AP - Sat 4:57 am ET
That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy.

Venezuela assumes control of Spanish-owned bank - AP - Sat 12:22 am ET
President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday -- making the state the largest player in the nation's banking system.

Ruling favors Antiguan receiver in Stanford case - AP - 25 minutes ago
A firm appointed by Antiguan authorities to liquidate the assets of R. Allen Stanford's offshore Caribbean bank has won control of assets in the U.K. worth more than $100 million, a defeat for a U.S.-appointed receiver in an ongoing fight over jurisdiction in the case.

HK lawmakers discuss Disney expansion plan - AP - 32 minutes ago
Hong Kong lawmakers said Saturday they would be unwilling to approve a plan to expand the city's Disneyland unless the government and Walt Disney Co. tell them how the theme park has performed since it opened in 2005.

The old is new again at Saturday Evening Post - AP - 50 minutes ago
The Saturday Evening Post, a centuries-old publication that helped make illustrator Norman Rockwell a household name and showcased some of America's greatest writers, is returning to its roots to show readers the value of a quiet read in an increasingly frenetic digital age.

Texas brewer, once near defeat, shines again - AP - 47 minutes ago
By all accounts, Shiner beer shouldn't have made it this long. The Spoetzl Brewery ferments its brew in a one-stoplight town that's not on the way to anywhere, and much larger regional brewers long ago succumbed to consolidation and the muscle of national brewers.

MOUNTAIN OF DEBT: Rising debt may be next crisis - AP - Sat 12:37 am ET
The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It's the national debt.

China Investment buying stake in Teck Resources - AP - Fri 2:23 pm ET
Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars in a bid to reduce its debt.

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