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Toyota adds new Prius to global recall list (Reuters)

Tue, 09 Feb 2010 10:58:08 GMT

Reuters - Toyota Motor Corp said it is recalling nearly half a million of its flagship Prius and other hybrid cars for braking problems as it seeks to address criticism over the handling of its worst safety crisis.

Explosion unlikely to slow gas plant development (AP)

Tue, 09 Feb 2010 10:58:08 GMT

AP - The Connecticut explosion that killed five people wont 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.

India sees 7.2 percent growth as economy recovers (AFP)

Tue, 09 Feb 2010 10:58:06 GMT

AFP - Indias economy should expand by 7.2 percent this fiscal year, the government forecast Monday, as growth heads back to the robust levels seen before the global financial crisis.

Forget the Mortgage, Im Paying My Credit Card Bill (U.S. News World Report)

Tue, 09 Feb 2010 10:58:04 GMT

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. ...

EU government bank says no bailout for Greece (AP)

Tue, 09 Feb 2010 10:58:03 GMT

AP - The European Unions government-backed lender says it cannot bail out Greece or any other European country that cant pay its debts.

Nissan returns to Q3 profit, lifts forecast (Reuters)

Tue, 09 Feb 2010 10:58:03 GMT

Reuters - Nissan Motor Co (7201.T), Japans third-largest automaker, returned to quarterly profit on Tuesday and lifted its outlook for the second time, as brisk global sales signal the worst may be over for the auto industry.

Job market gauge rises for 5th month: Conf Board (Reuters)

Tue, 09 Feb 2010 10:58:02 GMT

Reuters - The U.S. job market improved in January for the fifth consecutive month, pointing to possible job growth in the first quarter of this year, a research group said on Monday.

On the Call: Nasdaq OMX CEO Bob Greifeld (AP)

Tue, 09 Feb 2010 10:58:02 GMT

AP - Nasdaq OMX Group Inc., which operates equities and options exchanges in the U.S. and abroad, reported a better-than-expected fourth-quarter profit on Monday. Revenue declined, however, as trading volumes and pricing dipped.

Greece seeks pension, wage reform as strike looms (AP)

Tue, 09 Feb 2010 10:58:01 GMT

AP - Greeces government on Tuesday tackled the thorny issue of pension and wage reform, part of its plan to fight a debt crisis that has alarmed global markets, even as strikes were being planned nationwide.

UBS makes Q4 profit, but withdrawals continue (AP)

Tue, 09 Feb 2010 10:58:00 GMT

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.

Oil above $72 in Asia amid weakening dollar (AP)

Tue, 09 Feb 2010 10:57:59 GMT

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.

World stocks mixed after Wall Street decline (AP)

Tue, 09 Feb 2010 10:57:59 GMT

AP - World stocks were mixed Tuesday following Wall Streets decline on lingering worries about high European debt levels.

Japan Airlines rejects Delta, stays with American (AP)

Tue, 09 Feb 2010 10:57:58 GMT

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

Toyota recalls 437,000 Priuses, hybrids globally (AP)

Tue, 09 Feb 2010 10:57:57 GMT

AP - Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems mdash; the latest in a string of embarrassing safety lapses at the worlds largest automaker.

Ethel Austin enters administration for second time in two years

Tue, 09 Feb 2010 10:57:54 GMT

Discount clothing retailer Ethel Austin has entered administration for the second time in two years. The Liverpool-based retailer, which has 300 stores, will trade as normal while administrators MCR seek a new buyer. However, MCR could not rule out closures or job losses since there were “no guarantees” that a buyer could be sought in the [...]