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Updated: 53 min 34 sec ago

Nationalized UK bank Northern Rock back in profit (AP)

Wed, 03/10/2010 - 03:04
AP - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell.
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Oil slips for 2nd day before U.S. inventories (Reuters)

Wed, 03/10/2010 - 02:59

Reuters - Oil fell toward $81 a barrel on Wednesday in volatile trade as expectations for a gain in U.S. crude stockpiles offset surging Chinese imports.


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GM Daewoo vows to return to black this year (AFP)

Wed, 03/10/2010 - 01:57

AFP - GM Daewoo, the South Korean unit of struggling US auto giant General Motors, said Wednesday it intends to return to profit this year and currently needs no further financial support from creditors.


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Car detectives crowd around Monday's runaway Prius (AP)

Wed, 03/10/2010 - 01:07

AP - The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid.


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China February exports jump 45.7 percent (AP)

Wed, 03/10/2010 - 00:54

AP - China's exports rose in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise.


Categories: Business News

Soaring China home prices thwart ordinary buyers (AP)

Wed, 03/10/2010 - 00:45

AP - The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals.


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Asia markets little changed as China exports surge (AP)

Wed, 03/10/2010 - 00:40

AP - Asian stock markets were little changed Wednesday even as surging Chinese exports pointed to a pickup in global trade.


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Curbing derivatives might hurt, not help, Greece (AP)

Wed, 03/10/2010 - 00:24

AP - Derivatives have become a dirty word.


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Oil hovers above $81 amid mixed US inventory data (AP)

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AP - Oil prices hovered above $81 a barrel Wednesday in Asia after a report showed mixed evidence about U.S. crude demand.


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'IMF' for Europe a distracting sideshow: experts (AFP)

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AFP - Talk of a European version of the International Monetary Fund to rescue errant EU states is little more than a distracting sideshow, analysts and a key central banker say.


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Toyota, U.S. officials investigate runaway Prius (Reuters)

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Reuters - U.S. safety regulators and Toyota dispatched teams on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier, as the automaker struggled to reassure consumers shaken by its recall crisis.


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Obama: Greece, facing bad days, has US as ally (AP)

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AP - President Barack Obama stood with Greek Prime Minister George Papandreou on Tuesday and pledged that the United States would work with its ally, even as Greece's enormous debts sparked frenzied trading.


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EU urges US to join in action against speculators (AP)

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AP - European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps — opaque financial instruments blamed for worsening the world financial crisis.
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ICF International's 4Q net ticks higher (AP)

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AP - ICF International Inc.'s quarterly profit ticked higher as the company benefited from a lower tax rate and higher revenue from its consulting and technology services.
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Dollar General sues rival chain over colors (AP)

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AP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors.
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Gas price rises seen gentler on consumer wallets (AP)

14 min 25 sec ago

AP - As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.


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US seeks talks to avert trade war with Brazil (AFP)

17 min 17 sec ago

AFP - Visiting US Commerce Secretary Gary Locke said Tuesday that Washington was seeking talks with Brazil before it imposes retaliatory trade tariffs for US cotton subsidies the WTO ruled as discriminatory.


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Flow International narrows 3Q loss (AP)

39 min 11 sec ago
AP - Flow International Inc., which makes water jet machines for cutting and cleaning applications, said Tuesday it narrowed its loss in the third quarter, compared with a year-ago quarter weighed by a hefty charge.
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Job openings up sharply in January to 2.7M (AP)

57 min 42 sec ago

AP - Job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring as the economy improves.


Categories: Business News

Battery maker A123 narrows 4Q loss as sales rise (AP)

1 hour 1 min ago
AP - A123 Systems Inc., which makes lithium-ion batteries for cars, narrowed its loss in the fourth quarter as its sales rose.
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