Republicans Reject Obama Budget as He Sells It to Public

Congressional Republicans dug in to fight President Barack Obama’s plan to skirt the fiscal cliff, rejecting his tax-and-spending proposal as the president heads out today to sell it to the American public.
Read more: Bloomberg news

Macau Gangster Who Missed Boom to Be Freed After 14 Years

The Macau gangster known as “Broken Tooth,” once accused of planning to kill the police chief of the city that turned into the world’s biggest casino hub, will be freed tomorrow after more than 14 years in prison.
Read more: Bloomberg news

Geithner Sets Congress Talks as Republicans Seek Cuts

Treasury Secretary Timothy F. Geithner arrives at the Capitol today to face demands from Republican leaders to spell out spending cuts, after President Barack Obama won backing from some corporate executives to raise taxes as part of a deal to avert the fiscal cliff.
Read more: Bloomberg news

Copper Shortage Seen Extending as China Accelerates: Commodities

Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal.
Read more: Bloomberg news

Apple’s Cue Seeks Overhaul of Maps Amid Duel With Google

Apple Inc.’s Eddy Cue, who took charge of map software last month, is racing to turn around the troubled service, firing a senior manager and urging partners to improve data amid an escalating rivalry with Google Inc.
Read more: Bloomberg news

Apple Said to Fire Maps Manager as Flaws Hurt IPhone 5

Apple Inc. has fired the manager responsible for its troubled mapping software, seeking to win back the trust of users disappointed after the program debuted in September, according to people familiar with the move.
Read more: Bloomberg news

Chavez Seeks More Cancer Treatment in Cuba After Election

Venezuelan President Hugo Chavez is seeking treatment in Cuba to aid his recovery from cancer, seven weeks after winning re-election in a campaign in which he told voters he was “totally free” of the disease.
Read more: Bloomberg news

Lee Rues Singapore as Retirement Home Unless Birthrate Rises

Singapore Prime Minister Lee Hsien Loong said encouraging citizens to have more children is the biggest challenge confronting the island nation if it wishes to remain an economic juggernaut in the developed world.
Read more: Bloomberg news

Harvard Doctor Turns Felon After Lure of Insider Trading

From the age of six, Joseph F. “Chip” Skowron III aspired to be a doctor. At Yale, he earned both a medical degree and a doctorate in molecular and cellular biology, then qualified for Harvard’s elite, five-year residency program. Three years in, Skowron quit medicine for Wall Street. He and two partners started a group of health-care investment funds under the auspices of FrontPoint Partners LLC, a hot new property in the exploding world of hedge funds.
Read more: Bloomberg news

U.S. Treasury Declines to Name China Currency Manipulator

China isn’t a currency manipulator under U.S. law, though the yuan “remains significantly undervalued” and needs to rise further, the Treasury Department said.
Read more: Bloomberg news