Venezuela assumes control of Spanish-owned bank - AP - 2 hours, 4 minutes ago
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.

MOUNTAIN OF DEBT: Rising debt may be next crisis - AP - 2 hours, 25 minutes ago
The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It's the national debt.

Airline BA to cut capacity, delay new planes - AP - Fri 3:09 pm ET
British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven decline in passengers.

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.

GM awaits judge's ruling on sale plan - AP - Fri 5:44 am ET
General Motors Corp. may have to wait out the long holiday weekend to learn if its bankruptcy plan is moving forward, after U.S. Judge Robert Gerber adjourned a three-day hearing without indicating when he will rule on GM's plan to sell its good assets to a new company.

HealthSouth accuses Scrushy of hiding assets - AP - Fri 2:56 pm ET
HealthSouth Corp. is accusing fired chief executive Richard Scrushy of hiding money in offshore bank accounts and transferring assets out of his name to avoid paying court judgments.

The old is new again at Saturday Evening Post - AP - 2 hours, 26 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 - 2 hours, 27 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.