Stocks Climb on Hopes for Greece Debt Assistance The Dow Jones industrial average climbed back above 10,000 on hope that the European Union will help Greece manage its growing debt burden. Stephen Bernard and Tim Paradis, AP NEWS - 1 minutes ago
Japan Airlines Rejects Delta, Stays With American Japan Airlines, wooed for months by Delta Air Lines with promises of cash and global reach, spurned the world’s biggest carrier and opted to keep its alliance with American Airlines. Tomoko A. Hosaka and Harry R. Weber, AP NEWS - 2 minutes ago
2nd German Traveler Camps Out in Brazil Airport A German man who went to Brazil for a woman he met on the Internet has been camping out in an airport for more than a month after thieves took all his money and possessions, authorities said Tuesday. Marco Sibaja, AP NEWS - 7 minutes ago
Investigators Interview Survivors of Conn. Blast Crews were slowly and carefully removing gas cylinders from the site of a deadly explosion at an under-construction power plant, and investigators interviewed survivors to try determine the cause. Staff, AP NEWS - 8 minutes ago
Nigeria: Vice President Empowered by Lawmakers Nigeria’s parliament empowered Vice President Goodluck Jonathan to run Africa’s most populous nation Tuesday in place of an ill and absent president, striving for a political end to a crisis that ground the government to a virtual halt and triggered the resumption of an insurgency in the vital oil sector. Bashir Adigun and Jon Gambrell, AP FEATURES - 9 minutes ago
Kroger, Union Reach Pact for Some Stores in South The Kroger Co. said Tuesday that it has reached a tentative agreement in contract talks with the United Food and Commercial Workers Union. Staff, AP NEWS - 10 minutes ago
Zebra Posts 4Q Profit of $17.6 Million Zebra Technologies Corp. made a profit in the fourth quarter, free of the one-time expenses that left it with a loss a year ago. Staff, AP NEWS - 12 minutes ago
Analyst Raises Harman Price Target on 2Q Results Shares of electronics maker Harman International Industries Inc. soared to a fresh 52-week high Tuesday after an analyst said its better-than-expected second-quarter results led him to raise his price target for its shares. Staff, AP NEWS - 14 minutes ago
FAA Investigating Southwest Airlines Again Federal officials are investigating Southwest Airlines over the way it handled structural repairs on dozens of jets, according to a person familiar with the situation. Staff, AP NEWS - 16 minutes ago
Fire Consumes 2 Texas Churches Amid Spate of Arson State and federal law enforcement agencies were vigorously working Tuesday to try to find out who has been setting fire to churches in eastern Texas. Schuyler Dixon, AP NEWS - 17 minutes ago
State Farm Says It Warned NHTSA on Toyota in 2007 The nation’s largest auto insurer said Tuesday it alerted federal safety regulators in late 2007 about a rise in reports of unexpected acceleration in Toyota vehicles, the latest warning sign to emerge about the massive recall. Ken Thomas, AP NEWS - 17 minutes ago
Nigeria Footage: Uniformed Men Shoot Unarmed Men An international news channel is showing chilling footage of men in uniforms shooting unarmed men after they purportedly were arrested during clashes last year with Muslim militants in northern Nigeria. Staff, AP NEWS - 18 minutes ago
Correction: Fuel Tech Personnel Story In a story Feb. 8 about Fuel Tech Inc.’s chief financial officer, The Associated Press misstated the title of Ralph Bailey. He is a former chairman, not a former CEO. Staff, AP NEWS - 20 minutes ago
Another Winter Blast Helps Boost Heating Oil Price Heating oil prices got a boost Tuesday as the second powerful storm in four days threatened to dump more than a foot of snow on the East Coast. Mark Williams, AP NEWS - 25 minutes ago
SunTrust Spent Minimal Amount Lobbying Gov’t in 4Q Regional bank SunTrust Banks Inc. spent less than $5,000 in the fourth quarter to lobby on banking and financial issues, according to a recent disclosure report. Staff, AP NEWS - 25 minutes ago
Google Reduces Fee to Break Nexus One Contract Google Inc. is shaving $200 off the fee that it charges customers of its new Nexus One phone to break a service contract with T-Mobile, as federal regulators continue to probe such fees and the rationale for them. Joelle Tessler, AP NEWS - 26 minutes ago
Zipcar Pulls Recalled Prius Hybrids From Fleet Car sharing service Zipcar Inc. says it has pulled from its fleet the 2010 Toyota Prius hybrids affected by Tuesday’s recall. Staff, AP NEWS - 26 minutes ago
Pulte Homes Posts Loss for Q4 Pulte Homes Inc. said Tuesday its loss narrowed in its fourth quarter, and the nation’s largest homebuilder expressed cautious optimism for housing demand this year. Adrian Sainz, AP NEWS - 27 minutes ago
Another Major Storm Headed to Snowy Mid-Atlantic Snow blew across the Midwest Tuesday on track for the hard-hit Mid-Atlantic region, where federal government offices were closed for a second straight day and utility workers struggled to restore power knocked out by a weekend blizzard. Brett Zongker, AP NEWS - 28 minutes ago
KeyBank Spent $30,000 Lobbying Government in 4Q KeyBank, a unit of KeyCorp, spent $30,000 in the fourth quarter to lobby on financial regulatory reform and other issues, according to a recent disclosure report. Staff, AP NEWS - 29 minutes ago
Cost Cutting Helps Temple-Inland 4Q Results Timber company Temple-Inland Inc. on Tuesday reported a fourth-quarter profit, helped by a tax credit and cost-cutting, though sales fell at both its corrugated packaging and building products units. Staff, AP NEWS - 30 minutes ago
Greece Leads World Stocks Higher on EU Rescue Hope European and U.S. markets rose Tuesday, with Greece leading the charge, on hopes that EU officials will provide the eurozone’s most heavily indebted economies with some form of support. Carlo Piovano, AP NEWS - 32 minutes ago
PNC Spent $60,000 Lobbying Government in 4Q PNC Bank, a unit of PNC Financial Services Group Inc., spent $60,000 in the fourth quarter to lobby on financial regulatory restructuring and other issues, according to a recent disclosure report. Staff, AP NEWS - 32 minutes ago
China Gives 5 Years to Activist Who Probed Quake A Chinese activist who investigated the deaths of thousands of children crushed in their schools during the Sichuan earthquake was sentenced Tuesday to five years, underscoring the government’s determination to suppress questions about why the buildings fell. Gillian Wong, AP NEWS - 32 minutes ago
Federal Officials Review Toyota Corolla Complaints Federal safety officials say they will look into complaints from Toyota Corolla drivers about difficulty with the steering on their vehicles. Staff, AP NEWS - 33 minutes ago
Cops Search San Antonio Landfill for Missing Baby San Antonio’s police chief says officers are searching a landfill for evidence in the disappearance of an 8-month-old boy. Michelle Roberts, AP NEWS - 34 minutes ago
Greece Vows Pension, Wage Reform as Strike Looms Greece took further steps Tuesday to calm global markets spooked by its debt crisis, pledging to increase retirement ages, accelerate reforms and reform its ineffective tax system, on the eve of the first nationwide strike against new austerity measures. Nicholas Paphitis, AP NEWS - 36 minutes ago
Russian Military Calls US Missile Defense a Threat U.S. missile defense plans are a threat to Russian national security and have slowed down progress on a new arms control treaty with Washington, Russia’s top military officer said Tuesday. Vladimir Isachenkov, AP NEWS - 37 minutes ago
US Army Closes in on Targeted Southern Afghan Town U.S. Army soldiers launched a preliminary operation Tuesday in support of a planned U.S.-Afghan attack on the largest Taliban-controlled town in southern Afghanistan. Christopher Torchia and Kim Gamel, AP NEWS - 38 minutes ago
BofA Spent $1.18M Lobbying Government in 4Q Bank of America Corp., the nation’s largest lender, spent $1.18 million in the fourth quarter to lobby the federal government on issues such as executive compensation, credit cards and mortgage lending practices, according to a recent disclosure report. Staff, AP NEWS - 38 minutes ago
S&P Ratings Cuts Outlook on Citigroup Standard & Poor’s Ratings Services on Tuesday cut its outlook on Citigroup Inc. to “negative” from “stable,” saying the U.S. government appears increasingly likely to leave bond holders hanging in case of another bailout of financial companies. Staff, AP NEWS - 40 minutes ago
Stocks Climb on Hopes for Greece Debt Assistance Stocks are surging on hope that the European Union will help Greece manage its growing debt burden. Stephen Bernard and Tim Paradis, AP NEWS - 40 minutes ago
Toyota Recalls 437,000 Priuses, Hybrids Globally Toyota is recalling 437,000 Prius and other hybrid vehicles worldwide to fix brake problems — the latest embarrassing safety lapse at the world’s largest automaker. Yuri Kageyama, AP NEWS - 47 minutes ago
Obama: GOP and Dems Together Can Spur Job Growth President Barack Obama acknowledged the deep partisan divisions gripping Congress, but he urged Republican and Democratic leaders Tuesday to cooperate on legislation that creates jobs. Charles Babington, AP NEWS - 48 minutes ago
Earnings Preview: Viacom to Report 4Q Results Viacom Inc., the media conglomerate controlled by Sumner Redstone, reports fourth-quarter earnings before the market opens on Thursday. Staff, AP NEWS - 51 minutes ago
Gartner’s 4Q Profit Drops 24 Percent Gartner Inc. posted a 24 percent drop in fourth-quarter earnings Tuesday, as revenue generated by its information technology research declined. Staff, AP NEWS - 51 minutes ago
Dubai Tower Shut After Visitors Stuck in Elevator Visitors on the observation deck of the world’s tallest tower heard what sounded like a small explosion, then saw dust that looked like smoke seeping through a crack in an elevator door 124 floors above the ground. The 15 people inside were trapped for 45 frightening minutes until rescuers managed to pry open the doors. Adam Schreck, AP NEWS - 52 minutes ago
GOP Wary of Pitfalls in Obama’s Health Care Summit Even as Republicans publicly welcome President Barack Obama’s call for a bipartisan confab on health care, some privately worry that he might be laying a trap to portray their ideas as flimsy. Charles Babington, AP NEWS - 55 minutes ago
House Committee Postpones Toyota Hearing A congressional hearing into Toyota’s massive recalls has been postponed because of a snowstorm expected to hit the capital beginning Tuesday. Staff, AP NEWS - 57 minutes ago
FDA Aims to Rein in Radiation-Based Medical Scans The Food and Drug Administration said Tuesday it will work with doctors and manufacturers to reduce unnecessary radiation exposure from medical scans, a problem that has been growing for decades. Matthew Perrone, AP NEWS - 59 minutes ago
Protesters Burn Library in Southeastern S.Africa Protesters have torched a library in an impoverished area of South Africa in what began as a march to call for more jobs. Staff, AP NEWS - 60 minutes ago
On the Call: Coca-Cola CEO Muhtar Kent Coca-Cola Co. on Tuesday reported that strong overseas growth more than made up for a weak North American market in its fiscal fourth quarter and sent the world’s largest beverage maker’s profit up 55 percent. Staff, AP NEWS - 61 minutes ago
Developers Diversified Prices 37.3M Stock Offering Developers Diversified Realty Corp. said Tuesday that it priced a public offering of about 37.3 million shares of its common stock at $8.16 per share. Staff, AP NEWS - 64 minutes ago
Energy Conversion Devices Posts Fiscal 2Q Loss Solar panel product maker Energy Conversion Devices Inc. said Tuesday it posted a loss in the fiscal 2010 second quarter, hurt by a number of one-time costs, including those related to company layoffs. Staff, AP NEWS - 65 minutes ago
Witness: Demjanjuk’s Statements Inconsistent A top German investigator testified Tuesday that John Demjanjuk has given conflicting stories about where he spent the rest of World War II after being captured by the Germans in 1942. Juergen Baetz, AP NEWS - 67 minutes ago
SAS to Raise Cash, Cut 700 Jobs After Q4 Loss SAS stocks nosedived Tuesday after the Scandinavian airline group posted a fourth-quarter loss and asked shareholders for 5 billion kronor ($670 million) to help repair its ailing finances. Karl Ritter, AP NEWS - 67 minutes ago
Investigators Interview Survivors of Conn. Blast Investigators looking into the cause of an explosion that killed five people at a Connecticut power plant under construction were interviewing survivors on Tuesday, and crews were working to ensure the badly damaged building was safe. Staff, AP NEWS - 67 minutes ago
Iranians Protest at Rome’s Tehran Embassy About 100 Iranians protested Tuesday in front of the Italian embassy in Tehran, shouting “Death to Italy, Death to Berlusconi, ” Italy’s foreign minister said. Protests were also held outside the French and Dutch embassies. Staff, AP NEWS - 68 minutes ago
Sri Lankan Parliament Dissolved Ahead of New Vote Sri Lanka’s president dissolved the parliament Tuesday, setting the stage for new elections a day after authorities arrested the leader of the opposition — a move analysts said was meant to prevent him from contesting the vote. Fisnik Abrashi, AP NEWS - 71 minutes ago
Earnings Preview: Philip Morris International Inc. Cigarette maker Philip Morris International Inc., which sells Marlboros and other U.S. brands abroad, reports its fourth-quarter results before the stock market opens Thursday. Michael Felberbaum, AP NEWS - 72 minutes ago
Earnings Preview: Marriott International Inc. Marriott International Inc., owner of the Marriott and swanky Ritz Carlton hotel brands, reports its fourth-quarter results before the stock market opens Thursday. Ashley M. Heher, AP NEWS - 72 minutes ago
Southwest Launches 3-Day Fare Sale Southwest Airlines is offering a sale geared toward leisure travelers who want to make short trips this spring. Staff, AP NEWS - 73 minutes ago
Stocks Climb on Hopes for Greece Debt Assistance Stocks surged Tuesday on hope that the European Union will help Greece manage its growing debt burden. Stephen Bernard and Tim Paradis, AP NEWS - 76 minutes ago
India Halts Genetically Modified Eggplant Release India halted the release of the world’s first genetically modified eggplant Tuesday, saying further study needed to be done to guarantee consumer safety before it could be cultivated in the country. Erika Kinetz, AP NEWS - 80 minutes ago
Review: 2K Games' Rapturous Return to ‘BioShock’ Rapture used to be a nice place to live. That is, if you didn’t mind being at the bottom of the Atlantic Ocean. And putting up with the occasional rants of its megalomaniacal founder, Andrew Ryan. Lou Kesten, AP NEWS - 80 minutes ago
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