Dodd circulates financial overhaul bill

Senate Banking Committee Chairman Christopher Dodd is circulating legislation that would give the government sweeping new powers to prevent another economic collapse, including the ability to dismantle failing institutions and increased oversight of lenders to consumers. 1257865637

Treasury: China must boost domestic demand

China must continue to work to boost domestic demand to avoid global imbalances in the flows of trade and investments between nations, a senior U.S. Treasury official said Tuesday. 1257865336
SMIC CEO resigns as chip maker faces $200M penalty

The CEO of Semiconductor Manufacturing International Corp. is stepping down after the company agreed to pay $200 million to settle a legal dispute with rival Taiwan Semiconductor Manufacturing Co. 1257864740
Somali pirates demand $3M for ship with 18 crew

Pirates have hijacked a Panamanian-flagged ship with 18 crew off the east coast of Africa, the latest in an increasing number of attacks, a Somali businessman said Tuesday. 1257864740
Health care issues: The public insurance plan

A look at key issues in the health care debate: 1257865339
Fossil 3Q profit falls, but co. raises guidance

Watch maker Fossil Inc. said Tuesday its third-quarter profit fell but sales improved at company-owned stores. 1257864141
Italy's Intesa Sanpaolo reports flat earns

Intesa Sanpaolo SpA, Italy's second-largest bank, announced Tuesday it would resume dividend payments after reporting flat third-quarter earnings. 1257863319
Metropolitan Home magazine to close

Metropolitan Home says it will cease publication with its December issue, the latest home decor magazine to succumb to the industry's advertising slump. 1257862625
BofA CEO says financial industry recovery slow

Bank of America Corp.'s outgoing CEO Ken Lewis said Tuesday that the economy may be improving but the recovery in the financial industry remains slow. 1257865046
Navy Secretary Mabus to appear on 'NCIS' episode

CBS says the real-life Navy secretary, Ray Mabus, will try a different role when he appears on the network's hit drama "NCIS." 1257860831
Rackspace posts jump in 3rd-quarter profit

Rackspace Hosting Inc. posted a 45 percent jump in third-quarter profit as revenue climbed and the company won new customers. 1257859388
NY union official expected Bruno favors

A former union president imprisoned for racketeering testified Monday that his late boss expected "favors" in Albany from then New York Senate leader Joseph Bruno in return for investing union pension funds with the company that employed Bruno. 1257859388
Mo. AG sues businesses over wastewater in lake

A restaurant and two condominium developments near the Lake of the Ozarks allowed sewage to be dumped into the popular central Missouri lake, state Attorney General Chris Koster claims in two lawsuits filed Monday. 1257859067
Mo. communities to get $266M for water projects

Dozens of Missouri communities will be splitting $266 million for wastewater and drinking water improvements under a construction plan announced by Gov. Jay Nixon on Monday. 1257859067
Proposed delay of Ohio tax cuts spurs e-mails

After Richard Handy of Fairfield received an e-mail from a conservative group calling Gov. Ted Strickland's proposed delay of Ohio's income tax cuts a "retroactive tax increase," Handy fired off a few passionate words to some state senators. 1257858164
Energy agency warns of falling investment

The global financial crisis has led to a dangerous drop in energy investment around the world which could choke off the nascent economic recovery, the International Energy Agency said Tuesday. 1257856364
Bristol-Myers signs development deal with Alder

Bristol-Myers Squibb Co. and Alder Biopharmaceuticals Inc. said Tuesday they signed a collaboration deal potentially worth $1 billion, with a key focus on a rheumatoid arthritis treatment. 1257855459
Iran turns to Italy to launch satellite

Iran announced Tuesday it will use Italy to launch a communications satellite after waiting years for Russia to do the job, the semiofficial Mehr news agency reported. 1257865337
Stocks open lower as dollar slide eases

Stocks are drifting lower in early trading as the dollar heads higher. 1257864459
Beazer Homes posts profit in fiscal 4th quarter

Beazer Homes USA said Tuesday it posted a fourth-quarter profit despite a plunge in revenue, thanks to a large gain on the prepayment of debt. 1257857587