| Tue, Feb 09, 2010 |
| 09:15 PM |
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Honda to Recall 440,000 Cars Globally Over Airbags
TOKYO ( Reuters) - Honda Motor Co said on Wednesday it would recall 437,763 vehicles globally for defective airbags.The automaker said that this includes 4,042 cars in Japan and that there had been no accidents related to the airbags reported outside the United States.Reporting by Taiga Uranaka
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| 06:00 PM |
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Wall St Rises on Reports of Help For Greece
By Caroline ValetkevitchNEW YORK ( Reuters) - The Dow posted its largest one-day percentage gain in three months on Tuesday, boosted by reports of an aid plan for heavily indebted Greece.A senior German ruling coalition source said euro zone governments have decided in principle to help Greece, comments that calmed investors...
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| 05:00 PM |
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Wall St Gains on Reports of Help For Greece
By Caroline ValetkevitchNEW YORK ( Reuters) - The Dow posted its largest one-day percentage gain in three months on Tuesday, boosted by reports of an aid plan for heavily indebted Greece.A senior German ruling coalition source said euro zone governments have decided in principle to help Greece, which calmed investors worried...
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| 04:45 PM |
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Inside Toyota's Epic Breakdown
By Nathan Layne, Taiga Uranaka and Kevin KrolickiTOYOTA CITY, Japan/DETROIT ( Reuters) - Toyota Motor Corp, the world's most dominant and profitable automaker, was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States, whose own car industry was on taxpayer-funded life support.But...
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| 04:15 PM |
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Wall St Rebounds on Greece Aid Reports
NEW YORK ( Reuters) - The Dow posted its largest one-day percentage gain in three months on Tuesday, boosted by reports of an aid plan for heavily indebted Greece.The Dow Jones industrial average was up 150.25 points, or 1.52 percent, at 10,058.64, according to the latest available figures. The Standard...
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| 03:15 PM |
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Toyota to Recall More 2010 Camrys in U.S.
DETROIT ( Reuters) - Toyota Motor Corp will recall 7,314 model-year 2010 Camry sedans in the United States due to the risk that a potential defect in steering may make it harder for drivers to stop the vehicle.In a document sent to U.S. dealers on Tuesday and obtained by...
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| 03:00 PM |
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Wall Street Jumps on Reports of Help For Greece
By Caroline ValetkevitchNEW YORK ( Reuters) - Stocks advanced on Tuesday, with the Dow on track for its largest daily percentage gain since November, boosted by reports about an aid plan for heavily indebted Greece.A senior German ruling coalition source said euro zone governments have decided in principle to help Greece...
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| 03:00 PM |
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Obama Courts Republican Support on Jobs, Deficit
By Jeff MasonWASHINGTON ( Reuters) - President Barack Obama sought common ground with Republicans on Tuesday on his top policy priorities of job creation and deficit reduction, winning hints of support in both areas but a rebuke on healthcare reform.Obama, a Democrat, met with congressional leaders from both parties at the...
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| 02:00 PM |
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Obama Hopes to See Jobs Package in Coming Weeks
By Jeff MasonWASHINGTON ( Reuters) - President Barack Obama, reaching out to lawmakers in both U.S. political parties, said on Tuesday he hoped Congress would soon deliver a package of measures to boost U.S. employment and economic growth."My hope is ... that both in the House of Representatives and the Senate,...
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| 02:00 PM |
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European Governments Agree to Help Greece: Source
By Matthias SobolewskiBERLIN ( Reuters) - European governments have agreed in principle to help heavily indebted Greece, a senior German coalition source said on Tuesday, in what would be the first rescue of a euro zone member in the currency's 11-year history."The decision on help for Greece has been taken in...
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| 01:45 PM |
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MetLife May Pay AIG in Stock, Cash For Unit: Source
NEW YORK ( Reuters) - MetLife Inc MET plans to pay American International Group Inc AIG in stock and cash for American Life Insurance Co Alico, as the two sides negotiate what could be a roughly $15 billion deal, a source familiar with the matter said on Tuesday.MetLife, the largest publicly...
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| 01:30 PM |
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U.S. Job Openings Rise, Hirings Steady in December
WASHINGTON ( Reuters) - U.S. job openings rose in December and the number of unemployed workers fell, according to a government report on Tuesday that supported views the labor market was on the brink of recovery.Job openings edged up to 2.5 million from 2.4 million in November, the Labor Department said...
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| 12:45 PM |
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Wall Street Climbs on Reports of Aid For Greece
By Rodrigo CamposNEW YORK ( Reuters) - Stocks rose broadly on Tuesday, with the Dow on track for its largest daily percentage advance since July, on reports euro zone countries will come to the aid of debt-stricken Greece.The U.S. dollar fell against the euro, boosting commodity prices and shares of natural...
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| 12:30 PM |
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Dow Gains 2 Percent as Help For Greece Seen
NEW YORK ( Reuters) - Stocks extended a broad advance on Tuesday, led by commodity-related shares, after a source said euro zone countries have decided in principle to help debt-stricken Greece.The Dow Jones industrial average jumped 195.36 points, or 1.97 percent, to 10,103.75. The Standard & Poor's 500 Index ...
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| 12:00 PM |
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Wall Street Rises After Greece Comments
NEW YORK ( Reuters) - Stocks rose on Tuesday after a senior German ruling coalition source said euro zone governments have decided in principle to help debt-burdened Greece and that various options were being considered.The Dow Jones industrial average gained 151.00 points, or 1.52 percent, to 10,059.39. The Standard &...
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| 11:45 AM |
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Wall St Higher on Greece Hopes as Commodities Lead
By Rodrigo CamposNEW YORK ( Reuters) - U.S. stocks rose on Tuesday, led by commodity-related stocks, as speculation Greece would get help from the European Union to cut the country's deficit weakened the U.S. dollar, lifting prices of oil and basic materials.Earnings results and upgrades of big names, including Coca Cola...
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| 10:46 AM |
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Toyota Recalls New Prius in Latest Safety Fix
By Nobuhiro Kubo and John CrawleyTOKYO/WASHINGTON ( Reuters) - Toyota Motor Corp said it would call in nearly half a million new Prius and other hybrid cars for braking problems, the third recall in a spiraling safety crisis at the world's biggest carmaker.U.S. authorities stepped up scrutiny of Toyota, whose reputation...
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| 10:45 AM |
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Wall Street Boosted By Caterpillar, Greece Debt Talk
By Leah SchnurrNEW YORK ( Reuters) - Stocks rose broadly on Tuesday with Caterpillar Inc and other industrial shares benefiting from a broker upgrade and talk of help for debt-burdened Greece reviving investor sentiment.Dow component Coca-Cola Co KO rose 3.9 percent to $54.72 after it reported in-line quarterly profit as volume...
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| 10:00 AM |
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Coca-Cola Volume Improves, Led By Emerging Markets
By Brad DorfmanCHICAGO ( Reuters) - Coca-Cola Co KO reported a quarterly profit in line with analysts' estimates as strong volume in China, India and Brazil offset a decline in North America.Lower costs also helped lift profit at the world's largest soft-drink maker, which gained market share in both the carbonated...
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| 09:45 AM |
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Coca-Cola Profit Up, Volume Improves
CHICAGO ( Reuters) - Coca-Cola Co KO reported a quarterly profit in line with analysts' estimates as strong volume in China, India and Brazil offset a decline in North America.Lower costs also helped lift profit at the world's largest soft-drink maker, which gained market share in both the carbonated and noncarbonated...
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| 09:45 AM |
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Wall Street Rises on Greece Hopes, Caterpillar
NEW YORK ( Reuters) - Stocks rose at the open on Tuesday as investors welcomed talk that debt-burdened Greece could get help from the European Union, while broker comments lifted shares of industrial companies, including Dow component Caterpillar Inc CAT.The Dow Jones industrial average gained 101.43 points, or 1.02 percent,...
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| 08:01 AM |
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Pulte Posts Smaller Quarterly Loss
NEW YORK ( Reuters) - Pulte Homes Inc PHM, the biggest U.S. homebuilder, reported a smaller fourth-quarter net loss on Tuesday, helped by tax benefits.The net loss narrowed to $116.9 million, or 31 cents per share, from $338.2 million, or $1.33 per share, a year earlier.Based in Bloomfield Hills, Michigan, Pulte...
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| 06:46 AM |
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Oil Rises Above $72 on Weaker Dollar, Buying
By Emma FargeLONDON ( Reuters) - Oil rose above $72 a barrel on Tuesday due to a weaker U.S. dollar and robust buying interest as investors looked for bargains following last week's price slide to near two-month lows.The U.S. dollar fell from a recent 8-1/2 month high against the euro, on...
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| 06:45 AM |
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China's CIC Gives Breakdown of U.S. Equity Stakes
BEIJING ( Reuters) - China Investment Corp CIC, the country's $300 billion sovereign wealth fund, has made its biggest U.S. equity bets in natural resources and financial stocks.A filing with the U.S. Securities and Exchange Commission detailed equity holdings in U.S. listed companies and funds worth $9.63 billion at the end...
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| 06:45 AM |
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Swatch Sees Sales Pick-up, Aims For Record Year
By Katie ReidZURICH ( Reuters) - Swatch Group, the world's largest watchmaker by sales, said it is aiming for its best year ever in 2010 after seeing a strong pick-up in sales in January and February, easing worries that a flagging economic recovery might hit demand."We see high double-digit sales growth...
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| 06:45 AM |
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Nissan Returns to Q3 Profit, Lifts Forecast
By Yumiko NishitaniYOKOHAMA, Japan ( Reuters) - Nissan Motor Co , Japan's 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.Nissan joins Toyota Motor Corp and Honda Motor Co...
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| 06:45 AM |
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ECB Says Trichet Travel Change Due to Logistics
BRUSSELS ( Reuters) - European Central Bank President Jean-Claude Trichet is changing his plans to leave Australia and return to Europe purely because of logistics, an ECB spokesman said on Tuesday."The problem was that at the last minute his departure time from Australia was changed because there was some concern that...
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| 06:30 AM |
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Toyota Pledges More Responsiveness to U.S. Regulators
WASHINGTON ( Reuters) - Toyota Motor Corp President Akio Toyoda wrote in an article published on Tuesday that he has promised the top U.S. transportation official the troubled automaker will be more vigilant in the future about responding to safety regulators."I have spoken with U.S. Transportation Secretary Ray LaHood and...
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| 06:30 AM |
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UBS Back to Profit in Q4, Outflows Accelerate
By Lisa JuccaZURICH ( Reuters) - Swiss bank UBS UBSNUBS posted its first quarterly net profit since Oswald Gruebel took the helm a year ago but clients withdrew far more money than forecast, signaling he may need more time to steady the ship.UBS, left damaged by the credit crisis and a...
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| 06:30 AM |
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Toyota Adds New Prius to Global Recall List
By Nobuhiro Kubo and Chang-Ran KimTOKYO ( 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.The world's largest automaker is under fire...
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