Wall St closes out '09 with best gains since 2003
U.S. stocks ended 2009 on Thursday with their best gains since 2003, driven by optimism about the economy's recovery and a brighter outlook for profits. Read Full Article here.
Wells Fargo grants $25 million in stock bonuses to top execs
Wells Fargo & Co said on Thursday it gave Chief Executive John Stumpf and three other top executives stock payouts worth a total of about $25 million, but it said none of these executives will receive a cash bonus for 2009. Read Full Article here.
U.S. auto sales may end bleak 2009 on minor uptick
U.S. auto sales are expected to end 2009 on a slight upswing in December, capping a year that saw General Motors and Chrysler collapse into bankruptcy and China overtake the United States as the biggest car market. Read Full Article here.
Time Warner agrees to cooling-off period
Time Warner Cable Inc said on Thursday it has agreed to a 30-day cooling-off period in its talks over fees with News Corp. Read Full Article here.
Bankrupt mall owner General Growth net loss narrows in November
Bankrupt shopping mall owner General Growth Properties Inc , which is seeking to surface from bankruptcy protection next year, posted a narrower net loss in November from the month before, according to a monthly regulatory filing. Read Full Article here.
ConAgra sues Dean Foods over Swiss Miss trademark
ConAgra Foods Inc has sued Dean Foods Co , saying the dairy processor's Swiss Premium teas infringe its trademark for Swiss Miss hot cocoa products. Read Full Article here.
Geely gets China's support for Volvo, 2010 auto sales
Geely, China's No.1 private carmaker, said on Thursday that its parent company has strong support from the Chinese government to acquire Ford Motor's Volvo unit, and expects robust growth for China's auto industry in 2010, also with help from Beijing. Read Full Article here.