105 S&P 500 stocks are 10% or more off their highs USA Today Even after Monday's slide that dropped the Dow Jones industrials below 10000 for the first time in three months, the Dow and Standard & Poor's 500 are both ...
Ryanair to put $140 million in Lithuanian hub
(AP)
AP - Budget airline Ryanair will establish a major hub in the Lithuanian city of Kaunas, its first in Central and Eastern Europe, the company's chief executive announced Tuesday.
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.
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.
AP - European stocks rose cautiously Tuesday on hopes that EU officials will provide Greece with some form of support to handle its mountain of debt and keep the market crisis from spreading to other vulnerable countries.
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.
Reuters - The median forecast for retail sales is for a rise of 0.3 percent after a 0.3 percent fall in December. Forecasts range from a drop of 1 percent to an increase of 0.8 percent.
Reuters - Nissan Motor Co (7201.T), 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.
Greece seeks pension, wage reform as strike looms
(AP)
AP - Greece's government was tackling the thorny issue of pension and wage reform Tuesday, part of its plan to fight a debt crisis that has alarmed global markets, even as strikes were being planned nationwide.
Forget the Mortgage, I'm Paying My Credit Card Bill
(U.S. News & World Report)
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.
Explosion unlikely to slow gas plant development
(AP)
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 - Opel boss Nick Reilly presented on Tuesday a plan for the future of the ailing General Motors unit, with a forecast loss of 8,300 jobs from a total of around 50,000, as expected.
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