National Business
Michigan voters search for economic savior (AP)
AP - Michigan voters frustrated over lost jobs, home foreclosures and budget deficits will vote in Tuesday's primary election for leaders they hope can move the state out of its economic morass.
AP EXCLUSIVE: Salazar tours rigs, keeps drill ban (AP)
AP - The helicopter passes over the blue waters of the Gulf of Mexico — with surprisingly little oil visible on its surface — when out of the sea rises a skyscraper-like structure nearly 350 feet above the waves. The $600 million rig, nearly 100 miles off Louisiana's coast, has a hull larger than a football field and can drill more than 5 miles beneath the ocean floor.
ICICI Bank profit up 17 percent on better loans (AP)
AP - ICICI Bank, India's largest private sector bank, said quarterly profit rose 17 percent as it cut costs and eliminated bad loans amid revived credit demand in India's growing economy.
BP may sell German gas stations for $2.6 billion (Reuters)
Reuters - BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans.
Group sues over Wyoming-to-Oregon gas pipeline (AP)
AP - An environmental group that wants to block construction of a $3 billion gas pipeline from Wyoming to Oregon filed a lawsuit Friday, saying the pipeline will cut across pristine land and harm endangered fish.
Dynavax posts 2Q loss, weighed down by expenses (AP)
AP - Drug developer Dynavax Technologies Corp. said Friday that higher operating expenses, weak revenue and costs linked to a stock offering drove it to a second-quarter loss, reversing a year-ago profit.
Jobs data, earnings latest test for stocks (Reuters)
Reuters - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.
Obama: Detroit auto bailout was unpopular, but it worked (The Christian Science Monitor)
The Christian Science Monitor - President Obama used a visit to Michigan Friday to argue the case that despite its unpopularity, his 2009 bailout of the Detroit auto industry has worked.
Dollar sinks to 8-month low vs yen as growth slows (AP)
AP - Weakening U.S. economic growth and worried comments from Federal Reserve officials drove the dollar to an 8-month low Friday against the Japanese yen.
Dolby fiscal 3rd-quarter profit rises 24 percent (AP)
AP - Shares of Dolby Laboratories Inc. fell Friday after the company's latest quarter failed to satisfy investors, even though results beat Wall Street expectations.









