Channel: AP Business

Treasury Secretary Henry Paulson said that financial markets are "considerably calmer" now than they were two months ago and predicted the economy will be rebounding by the second half of this year. (April 16)

Responding to congressional pressure, the Bush administration on Friday said it is suspending oil deliveries into the government's Strategic Petroleum Reserve for the remainder of the year. (May 16)

A company rooted in bringing the Internet to the masses, AOL is shifting its focus toward serving niche audiences with the launch of dozens of specialty Web sites. (May 16)

Some people in San Antonio are finding a new way to pay for the rising cost of gasoline, by donating blood. More people are donating plasma from their blood, to get extra cash, which will in turned be used for fuel. (May 16)

Hundreds of cars clogged streets near the Las Vegas strip Thursday after a local phone company offered 10,000 bucks worth of free gas. Cars were lined up for miles to tank-up. (May 16)

The Senate is close to a bipartisan deal on a homeowner rescue package that could help a half million strapped borrowers get government-backed mortgages. (May 15)

Media and entertainment company CBS is buying CNet Networks for $1.8 billion in cash. (May 15)

Billionaire activist investor Carl Icahn has confirmed he is launching a proxy battle to remove Yahoo's board of directors. (May 15)

For nearly 3 in 10 households, don't even bother trying to call them on a landline phone. They either only have a cell phone or seldom if ever take calls on their traditional phone. (May 14)

A Texas appeals court has overturned a verdict against drugmaker Merck in a case involving its withdrawn painkiller Vioxx. AP's Mark Hamrick reports on that and the rest of Wednesday's top business headlines. (May 14)