GERMANY

World powers are demanding that Iran immediately mothball a uranium enrichment site it hid for years, heightening fears it is planning to build atom bombs, in a resolution to be voted on by U.N. nuclear watchdog governors.

Chancellor Angela Merkel said on Wednesday she saw good prospects for Opel's German plants after the carmaker's parent, General Motors, presented a restructuring plan for its European unit.

General Motors targeted Germany on Wednesday for the bulk of 9,000 planned job cuts at European arm Opel, turning the tables on the country that lobbied hardest for an Opel sale to Canada's Magna.

The United States unveiled a plan to cut greenhouse gases by 2020 on Wednesday and said President Barack Obama will attend U.N. climate talks in Copenhagen next month -- before other world leaders show up.

A car expert says he has tracked down Hitler's favorite Mercedes to a garage near the town that helped the Austrian-born Fuehrer become a German citizen.

Porsche SE is headed for a second consecutive annual loss in the billions of euros as the hangover lingers from a failed takeover of Volkswagen AG.

General Motors targeted Germany on Wednesday for the bulk of 9,000 planned job cuts at European arm Opel, turning the tables on the country that lobbied hardest for an Opel sale to Canada's Magna.

The United States unveiled a plan to cut greenhouse gases by 2020 on Wednesday and said President Barack Obama will attend U.N. climate talks in Copenhagen next month -- before other world leaders show up.

General Motors cast around for fresh options for Sweden's loss-making Saab on Wednesday after the collapse of its sale added another dimension to tortuous European restructuring plans.

A deal for General Motors Co to sell Saab collapsed on Tuesday when the buyer pulled out, in a move that threatens a 60-year-old Swedish auto brand with closure after mounting losses.

Iran could consider sending its low-enriched uranium abroad, the Foreign Ministry said on Tuesday, apparently softening its opposition to a U.N. plan aimed at keeping a check on its nuclear ambitions.

The next European Commission, the powerful regulatory arm of the European Union, should be in place by the end of January, Commission President Jose Manuel Barroso said on Tuesday.

A deal by General Motors Co to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure.

General Motors has paid back a loan from Germany and slightly lowered its target for job cuts at struggling European unit Opel.

Novartis will officially open the first next-generation flu vaccine plant in the United States on Tuesday, but it will be years before it makes its first vaccine.

Move to Relax AIG Pay Rules;Warner Bros.'s Loss; GM's Advance in Germany

General Motors will present labor leaders at European arm Opel a reorganization plan on Wednesday that envisions cutting nearly a fifth of the workforce, GM's acting European head said.

Warner Music Group , the world's third largest music company, on Tuesday reported a surprise quarterly loss as higher interest expense and operating costs cut into the record label's margins.

European shares were slightly higher by midday on Tuesday, extending the previous session's sharp gains, with stronger mining and pharmaceutical stocks outpacing weaker financial shares.

The dollar was broadly higher on Tuesday as investors sold currencies associated with risk on concerns about the banking system while looking ahead to data on the outlook for economic growth.

Israel has softened its terms for a prisoner swap with Hamas and the two are nearing a deal to exchange hundreds of jailed Palestinians for an Israeli soldier held in the Gaza Strip, officials said on Monday.