AP Top Business News At 10:48 a.m. EST

Middle East is new global travel crossroads

Stocks open lower on Wall Street; Hess advances

Forbes: Slim world's richest for 4th year in a row

Spending cuts unpopular yet not set to go away

Obama nominates Wal-Mart's Burwell as budget chief

Yellen defends Fed's low interest rate policies

Buffett: 'No thanks' on buying Tribune papers

Hess, under pressure, to exit retail business

Elan moves to deter takeover bid

Volkswagen's Golf named Europe's Car of the Year