Reuters: Business News

Greece rescue talk supports stocks

Tue, 09 Feb 2010 21:55:47 -0500

HONG KONG (Reuters) - Asian stocks rose on Wednesday after reports that Europe was close to bailing out debt-strapped Greece, coaxing investors back to riskier assets, though uncertainty kept a lid on the euro.

Inside Toyota's epic breakdown

Tue, 09 Feb 2010 18:18:17 -0500

TOYOTA 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.

Honda recalls another 438,000 cars for airbag risk

Tue, 09 Feb 2010 22:42:36 -0500

TOKYO/DETROIT (Reuters) - Honda Motor Co said it would recall another 438,000 cars globally to replace an airbag deflator that could rupture and send shards toward the driver in an accident.

European governments agree to help Greece: source

Tue, 09 Feb 2010 18:07:38 -0500

BERLIN (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.

Disney quarterly results beat expectations

Tue, 09 Feb 2010 21:12:08 -0500

LOS ANGELES (Reuters) - A strong performance at its cable division and cost-cuts at its film studio propelled Walt Disney Co to better-than-expected earnings, but clouds remained over its theme parks.

Honda expands airbag recall as more Toyotas probed

Tue, 09 Feb 2010 22:48:36 -0500

TOKYO/DETROIT (Reuters) - Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis.

Investors questioned Morgan Stanley's pay: report

Tue, 09 Feb 2010 21:57:09 -0500

NEW YORK (Reuters) - Morgan Stanley's move to cut the firm's pay ratio followed prodding by large investors who questioned the firm's high pay levels, and the firm is preparing to take further steps to address shareholder concern, The Wall Street Journal Online reported on Tuesday.

Obama, Republicans find common ground on jobs

Tue, 09 Feb 2010 19:01:56 -0500

WASHINGTON (Reuters) - President Barack Obama found common ground with Republicans on Tuesday over his top priorities of job creation and deficit reduction but drew a rebuke on healthcare reform.

Paulson, Buffett say U.S. needed tough medicine

Tue, 09 Feb 2010 19:54:02 -0500

NEW YORK (Reuters) - Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.

Charges added in Rajaratnam insider trading case

Tue, 09 Feb 2010 21:58:51 -0500

NEW YORK (Reuters) - Additional criminal charges were filed on Tuesday against Galleon hedge fund founder Raj Rajaratnam as prosecutors alleged he and his co-defendant reaped $49 million from illegal insider trading, up from an earlier claim of $40 million.