Toyota recalls 437,000 Priuses, hybrids globally (AP)
AP - Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems — the latest in a string of embarrassing safety lapses at the world's largest automaker.

Japan Airlines rejects Delta, stays with American (AP)
AP - Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines.

Stocks climb on hopes for Greece debt assistance (AP)
AP - Stocks are climbing in early trading as hopes grow the European Union will help Greece with its growing debt burden.

Oil above $72 in Asia amid weakening dollar (AP)
AP - Oil prices rose above $72 a barrel Tuesday in Asia as a weakening U.S. dollar offset concerns about the strength of the global economic recovery.

UBS makes Q4 profit, but withdrawals continue (AP)
AP - Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts' expectations partly thanks to a tax credit, but said rich clients' withdrawals had continued.

Strong overseas sales put fizz in Coca-Cola's 4Q (AP)
AP - Coca-Cola's strong overseas growth more than made up for a weak North American market in the fourth quarter, sending profit up 55 percent for the world's largest beverage maker.

Lower taxes, charges boost Nasdaq OMX profit (AP)
AP - Eroding market share and weaker trading volumes hurt Nasdaq OMX Group Inc.'s fourth-quarter revenue, but sharply lower taxes and fewer charges helped the global exchange operator report better-than-expected profit growth.

Chinese spy gets more than 15 years in prison (AP)
AP - A Chinese-born engineer convicted in the United States' first economic espionage trial was sentenced Monday to more than 15 years in prison for stealing sensitive information on the U.S. space program with the intent of passing it to China.

Cognizant 4Q earnings jump 28 percent (AP)
AP - Cognizant Technology posted surprisingly large numbers for profit and revenue Tuesday and topped the fourth-quarter report with a 2010 outlook that exceeded most expectations as technology spending rebounds.

Trichet return fuels talk of EU action on Greece (Reuters)
Reuters - Euro zone assets recovered some poise on Tuesday as markets bet the European Union would take steps to restore confidence in struggling members like Greece at a summit this week.

add RSS feeds to any website