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BC-Business News Digest

â¿¿ OVERSEAS SHIPHOLDING-BANKRUPTCY â¿¿ Tanker operator Overseas Shipholding files for Ch. 11 bankruptcy protection.

â¿¿ WIND TAX CREDIT â¿¿ 28 governors call on Congress to renew wind energy tax credit due to expire at year's end.

â¿¿ EARNS-ABERCROMBIE & FITCH â¿¿ Abercrombie & Fitch Co.'s stock are surging after the teen retailer raised its full-year earnings guidance.

â¿¿ BERKSHIRE HATHAWAY-NEWSPAPER CLOSINGâ¿¿ Warren Buffett's company is planning to close a small Virginia newspaper that it bought from Media General earlier this year.



WASHINGTON â¿¿ The government should require automakers to make the latest collision prevention technologies standard equipment on all new cars and trucks, a move that could reduce fatal highway accidents by more than half, federal accident investigators say. By Joan Lowy.

AP Photos.


TOKYO â¿¿ Toyota Motor Corp. is recalling 2.8 million vehicles around the world for a water pump problem and a steering shaft defect that may result in faulty steering â¿¿ the latest in a spate of quality woes for Japan's top automaker. By Business Writer Yuri Kageyama.



NEW YORK â¿¿ When I first turned on Google's new tablet computer, I immediately thought of it as a media player â¿¿and the latest incarnation of Google's effort to challenge Apple and Amazon by selling digital movies, books and other content. Because of that emphasis, I wasn't thinking of it as an alternative to Apple's general-purpose iPad â¿¿even with a price tag that's $100 cheaper, starting at $399. But after more thought and time with the Nexus, I came to realize it works as a general-purpose tablet, too. By Technology Writer Anick Jesdanun.

AP Photos.




LOS ANGELES â¿¿ A California lawyer is suing Microsoft Corp., claiming the Surface tablet he bought doesn't have all the storage space the company advertised. By Business Writer Ryan Nakashima.

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