AP - Toyota is recalling about 170,000 Prius hybrid cars in Japan for braking problems and will soon disclose its global plans for a fix as the automaker scrambles to repair damage to its reputation from a spate of safety problems.
AP - Federal regulators have granted AstraZeneca approval to market its cholesterol pill Crestor as a preventive measure against heart attack and stroke in patients with healthy cholesterol levels.
AP - Two filmmakers, their companies and the former manager of the Iowa Film Office were accused Monday of mishandling tax incentives designed to lure moviemakers to the state.
AP - A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.
AP - Regional freight railroad operator Genesee & Wyoming Inc. said Monday its fourth-quarter earnings fell 28 percent as a weak economy knocked down demand for the goods it hauls.
AP - Atmel Corp.'s loss widened in the fourth quarter as the chip designer wrote down the value of its business, but its sales rose and investors pushed up its stock price after hours Monday.
Reuters - Asian share markets struggled to hold firmer ground on Tuesday but won some respite from recent losses, while the euro rose tentatively as investors took a break from selling it off over fiscal concerns in the euro zone.
U.S. News & World Report - Amid high unemployment and sliding home prices, a growing number of struggling consumers are doing what was once considered unthinkable: paying their credit card bills instead of their mortgages. A recent study developed by TransUnion found the percentage of Americans who were current on their credit cards but behind on their mortgage increased to 6.6 percent in the third quarter of 2009, up from 4.3 percent in the first quarter of 2008. Meanwhile, the share of consumers making mortgage payments on time but behind on their credit cards moved in the opposite direction, sliding from 4. ...
AP - Homebuyers spurred by low interest rates and government incentives helped lift Beazer Homes USA Inc.'s sales in the last three months of 2009, but the builder only turned a profit because of a hefty tax gain.
AP - The Connecticut explosion that killed five people won't slow the development of natural gas power plants. But it will likely lead to more scrutiny of a technique used to clear air from gas lines.
AFP - Toyota Motor said Tuesday it would recall its newest Prius model and two other hybrids in Japan owing to brake problems, the latest in a string of safety issues to hit the auto giant.
TOKYO/DETROIT (Reuters) - Toyota Motor Corp said on Tuesday it would recall its flagship Prius hybrid in Japan for braking problems and that it had halted shipments of two other hybrid models to check for similar problems.
LONDON (Reuters) - Britain's Treasury should impose "effective and enforceable" sanctions to encourage the country's bailed-out lenders to meet loan promises made as a condition of receiving taxpayer support, lawmakers said in a report.
NEW YORK (Reuters) - CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million (3.85 million pounds), most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the Obama administration's pay czar.
LONDON (Reuters) - British pay-TV group BSkyB sold a 10.4 percent stake in commercial broadcaster ITV Plc for around 196 million pounds ($305.4 million) on Monday, to finally bring an end to a long-running legal battle.
LONDON (Reuters) - Retail sales fell in January to record the worst performance for that month in 15 years, a survey by the British Retail Consortium showed on Tuesday.
LONDON (Reuters) - Property price rises picked up pace in January, even as unusually heavy snowfall led to a sharp drop in new buyer enquiries, a survey indicated on Tuesday.
TOKYO (Reuters) - Japan Airlines Corp has decided to maintain its partnership with American Airlines in the Oneworld alliance and end talks with Delta Air Lines , a source with knowledge of the matter said.
ATHENS (Reuters) - Greek civil servants threatened on Monday to stage more strikes in protest at government austerity measures, further fuelling market concerns over fiscally fragile euro zone members and weighing on the single currency and bonds.
LONDON (Reuters) - BT plans to open up its underground cable ducts to allow rivals to lay their own high-speed broadband networks, in a move that could appease critics but hurt income for the group's wholesale division.
LONDON (Reuters) - The top share index closed 0.6 percent higher on Monday, as gains in rebounding miners and strength in defensive issues more than offset weaker financials, which were weighed by ongoing eurozone debt issues.
HONG KONG (AFP) - China Power International on Tuesday denied it had signed a 60 billion US dollar deal to buy coal from Australian miner Resourcehouse.
LONDON (AFP) - Nobel laureate economist Joseph Stiglitz has warned Britain not to withdraw its fiscal stimulus, saying markets are a "crazy man" that spending cuts will not tame, in an interview published Tuesday.
TOKYO (AFP) - Toyota Motor said Tuesday it would recall its newest Prius model and two other hybrids in Japan owing to brake problems, the latest in a string of safety issues to hit the auto giant.
RIGA (AFP) - As Estonia edges closer to adopting the euro, the prospect is causing jitters in neighbouring Latvia as it tries to climb out of a deep economic crisis and risks fragmenting the Baltic trio on the eastern edge of the European Union.
LONDON (Reuters) - British pay-TV group BSkyB sold a 10.4 percent stake in commercial broadcaster ITV Plc for around 196 million pounds ($305.4 million) on Monday, to finally bring an end to a long-running legal battle.
NEW YORK (AFP) - US videogame giant Electronic Arts was unable to fight its way out of the red over the Christmas holidays, and has posted a net loss for the 12th consecutive quarter.
SAN FRANCISCO (AFP) - US technology titans IBM and Intel have rolled out powerful new computer chips designed for businesses continually demanding more from networks and data centers.
WASHINGTON (AFP) - Manufacturers in China are evading millions of dollars of US anti-dumping duties on steel wire products by exporting them via third countries, an American industry group charged Monday.
TOKYO (Reuters) - Japan Airlines Corp has decided to maintain its partnership with American Airlines in the Oneworld alliance and end talks with Delta Air Lines , a source with knowledge of the matter said.
NEW YORK (Reuters) - CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million (3.85 million pounds), most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the Obama administration's pay czar.
State Treasurer Richard Moore has asked the U.S. Securities and Exchange Commission to investigate the timing of stock sales made by the chief executive of mortgage lender Countrywide Financial Corp.
How far has Toyota fallen? Americans are switching to Motown cars, Ralph Nader is back, and Toyota has lost the equivalent of Latvia's GDP in market value, says William Pesek
North Korean leader Kim Jong Il said he remained committed to giving up the countryâs nuclear weapons program as a news report said his chief arms negotiator is visiting China.
China Investment Corp., the nationâs sovereign wealth fund, joined Goldman Sachs Group and Morgan Stanley & Co. in investing in the U.S. Oil Fund, an exchange- traded crude-futures fund.
Asian stocks fell and bond default risk climbed as disappointing earnings reports and Europeâs rising budget deficits added to concern the global economic recovery will falter. Copper and oil dropped.
Defense Secretary Robert Gates returns to Washington today after a weeklong Europe tour spent shoring up coalition support for Afghanistan and calling for sustained pressure on Iran to curtail its nuclear ambitions.
The yen and dollar declined on speculation European officials will agree to assist Greece in tackling its fiscal deficit, reducing demand for the two currencies as a refuge.
Record bond sales by global mining companies such as Anglo American Plc and Vale SA have bolstered raw material producersâ war chests for acquisitions, expansions and buybacks as they prepare for sustained global recovery.
The Shanghai Composite Index may retreat another 8.6 percent, almost doubling its losses so far this year, after a gauge of property stocks sank to a nine-month low, according to WJB Capital Group Inc.
Shock jock Howard Stern likely gave Sirius XM executives a shock on Feb. 8, when he told his radio listeners that he is considering leaving Sirius to become a judge on 'American Idol' when his lucrative Sirius contract expires at the end of the year.
For most of the last five years, it seems, Hollywoodâs favorite game has been handicap when â not if â Ryan Kavanaugh would come crashing down. Kavanaugh, who runs Relativity Media, is the 35-year old wunderkind who raised more than $8 billion from private equity investors since arriving on the ...
The index posted its fourth week of market losses, an event not seen since March 2009. However, this weekâs damage was a minor -0.72% (Monday was up 1.43%, with Tuesday was up 1.30%) and the cumulative four weeks of damage was 6.88% (7.31% off the 1/19 high), compared to the 16.01% in March, and ...
What does the Super Bowl have to do with the stock market? Well, not much. Yes, occasionally companies can get a lift from effective advertisements. In 2008, for example, E*Trade Financial (ETFC) was facing serious financial difficulties when ads featuring stock-trading babies appeared during Super ...
Akio Toyoda, President of Toyota Motor Corporation, has apologized for his companyâs debacle surrounding design flaws with various car models. Should we praise someone who does what he or she is ethically required to do?
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AP - Toyota is recalling about 170,000 Prius hybrid cars in Japan for braking problems and will soon disclose its global plans for a fix as the automaker scrambles to repair damage to its reputation from a spate of safety problems.
AP - Asian stocks were mixed Tuesday following Wall Street's overnight decline on lingering worries about high European debt levels.
AP - The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
AP - A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.
AP - The threats seem to be coming from all directions.
AP - Is there any way out of Europe's debt morass?
AP - Homebuyers spurred by low interest rates and government incentives helped lift Beazer Homes USA Inc.'s sales in the last three months of 2009, but the builder only turned a profit because of a hefty tax gain.
AFP - Toyota Motor said Tuesday it would recall its newest Prius model and two other hybrids in Japan owing to brake problems, the latest in a string of safety issues to hit the auto giant.