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a moment on "world business today." in south korea, landslides and flooding sparked by heavy rain has killed at least 44 people. rescue workers are searching for survivors in and around the capital. hundreds of people have lost their homes and thousands don't have power. we're getting the first videos of the moment of the bomb blast in oslo during friday's terror attacks. the norwegian prime minister's announced an independent commission to examine the killings there and on utoya island. as of now, the death toll stands at 76. those are the headlines from cnn, the world news lead...

why congress may have breathing room when it comes to raising the debt ceiling on this "american morning." and good morning, everyone. it is wednesday, july 27th. this is "american morning." a lot going on today. let's get to it. >> it does feel like dueling bangoes, doesn't it? when you hear both sides of the debate they're dug in but insist they're right. >> and a growing number of americans want them not to be. >> they all say god bless america. how we get there is the question. >> two maker developments in the debt crisis, following minute by minute here. six days until the dea...

Industrial average and s&p around 0.5%. the nasdaq up was about 0.3%. johnson and johnson was the best performer, up nearly 4% after the company beat profit and sales expectations. well, the other big news on tuesday came from the tech sector in the u.s. where two u.s. giants came out with guns ablazing on the earnings front. intel and ibm both beat analyst expectations despite market jitters at the end of the first quarter triggered by natural disasters in japan. let's take a look at ibm's earnings this time last year. last year the earnings for q1 was $2.6 billion. this year q1 profits ros...

Goldman comfortably beat most forecasts beating first quarter profit of $2.7 billion, that's $1.56 per share, almost double analyst expectations of 82 cent a share. investors are expressing concern as they focus on the company's sluggish growth despite that profit the investment bank's first quarter income was down 2 1% from the same quarter last year. well, now to the story of a big bonus and the big backlash it's generated. our big number today is $12.5 million, the hefty pay package awarded to royal bank of scotland chief executive, stephen hester. he and other top executives are taking p...

Proving surprisingly resilient to a degree to a degree first figures show industrial output in britain rose in september shining a bit of light on the rather grim overall outlook for the u.k. economy british industry had the sharpest rise in production this year producing zero point seven percent more goods in september than it did in august according to government statistics the figures exceeded analyst expectations as demand for british goods rose a broader weaker pound has made u.k. sports cheaper since the break for breakfast at the restaurant. let's bring in our financial correspondent da...