Reuters: Business News

Wall St rises on reports of help for Greece

Tue, 09 Feb 2010 17:52:36 -0500

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.

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.

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 19:06:19 -0500

LOS ANGELES (Reuters) - Walt Disney Co has reported a stronger-than-expected quarterly profit, as its cable TV division turned in another star performance and cost-cutting provided some much-needed support for its film studio.

Toyota recalls new Prius in latest safety fix

Tue, 09 Feb 2010 19:46:41 -0500

WASHINGTON/DETROIT (Reuters) - The spiraling crisis at Toyota Motor Corp deepened on Tuesday as the automaker said it would recall thousands of Camry sedans as well as nearly half a million new Prius and other hybrid cars to fix steering and braking problems.

Paulson, Buffett say U.S. needed tough medicine

Tue, 09 Feb 2010 18:00:48 -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 19:01:44 -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.

MetLife may pay AIG in stock, cash for unit: source

Tue, 09 Feb 2010 14:49:44 -0500

NEW YORK (Reuters) - MetLife Inc plans to pay American International Group Inc 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.

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.

U.S. job openings rise, hirings steady in December

Tue, 09 Feb 2010 15:03:43 -0500

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.