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Xerox's forecast, CFO change weighs on shares

Xerox Corp issued a first-quarter profit forecast that was at the low end of Wall Street estimates and announced the retirement of its longtime finance chief, sending its shares down 8 percent.

U.S. students lag in science, tests say

In his State of the Union address last night, President Obama devoted several lines to the slumping stature of U.S. education, by our own standards and globally.

Boeing profit falls; shares down on outlook

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Boeing Co offered a weaker-than-expected 2011 earnings outlook as higher pension costs exacerbated the impact of potential defense spending cuts and delays to the 787 Dreamliner, sending its shares down 3.6 percent.

Gree to tie-up with China's Tencent Holdings

Japanese mobile social gaming firm Gree Inc said Wednesday it would tie-up with China's Tencent Holdings, giving it access to a market where 120 million people already play mobile games.
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Toyota recalls over 1.7 million vehicles globally

Toyota Motor Corp said it was recalling more than 1.7 million vehicles worldwide, the latest in a string of recalls that have ballooned to nearly 16 million since late 2009, further denting the automaker's reputation for quality.
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Toyota to recall 1.4 million vehicles

Toyota Motor Corp said on Wednesday it would recall about 1.2 million units of the Noah minivan and other models in Japan as well as about 140,000 Avensis models overseas to fix faulty fuel pipes and high-pressure fuel pumps.
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Dollar steady ahead of Fed

The U.S. dollar held near a 10-week low against a basket of currencies on Wednesday ahead of a statement from the U.S. Federal Reserve, which is expected to reaffirm the central bank's focus on supporting growth.
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Dollar steady as Fed in focus, Nikkei slips

The U.S. dollar held near a 10-week low against a basket of currencies on Wednesday, ahead of a statement from the Federal Reserve which is expected to reaffirm the central bank's focus on supporting growth.

Huawei Sues Motorola Over Asset Sale

China's Huawei Technologies Co. Ltd. has sued Motorola to delay the sale of the latter's wireless infrastructure business to Nokia Siemens Networks. The lawsuit alleges that such a sale would possibly result in illegal transfer of Huawei's intellectual property.
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Recovery builds but Europe, inflation pose risks: IMF

Europe needs to strengthen its financial rescue fund to reduce the risk of renewed global instability as U.S. tax cuts and buoyant emerging economies help propel the recovery elsewhere, the IMF said on Tuesday.
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Stock index futures down; earnings eyed

Stock index futures pointed to a weaker open on Wall Street on Tuesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.1-0.2 percent.
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U.S. tax cuts give world growth a boost: IMF

A package of U.S. tax cuts should give a lift to a global economic recovery that had already begun to gain speed late last year, the IMF said on Tuesday as it revised its world growth forecast higher.
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Huawei sues to alter Motorola-Nokia Siemens deal

China's Huawei Technologies Co Ltd has filed a lawsuit to block Motorola from selling one of its business units to Nokia Siemens Networks, demanding that the $1.2 billion deal be altered to avoid infringing on intellectual property rights.
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Foursquare sees no funding needs this year

Startup website Foursquare has enough money to last it through to the end of the year and is in no rush for a sale or public offering, despite new competition from Facebook, co-founder Dennis Crowley said.

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