UNITED STATES

Retailers sales fall January survey

GDP Revised Up to 3% in 4Q

The U.S. economy grew at a 3 percent annual rate in the fourth quarter, faster than originally estimated on unexpectedly strong business restocking, the Commerce Department said Wednesday.

GM hesitates over Peugeot alliance plan: source

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French car maker PSA Peugeot Citroen's alliance talks with General Motors may yet fail as the U.S. automaker hesitates over criticism from investors, a source with knowledge of the discussions said.

GDP revised up to 3 percent in fourth-quarter

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The economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, which could help to allay fears of a sharp slowdown in growth in early 2012.
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Volcker urges more reform beyond trading curbs

Former U.S. Federal Reserve chairman Paul Volcker, who lent his name to historic restrictions on banks' financial market trading, says regulators should not back down in imposing the curbs and that additional reforms to markets are necessary.
Workers assemble a pre-production 2013 Dodge Dart during a tour of the Chrysler Belvidere Assembly plant in Belvidere

New Car Sales To Soar in Feb: 14 Million Mark Looks Likely

Automakers will report nearly 1.09 million new cars in February on Thursday, according to two industry forecasts, continuing the ongoing revival of the industry as sales jumped nearly 6 percent from February 2011 and an eye-popping 20 percent from January. That would equal a seasonally adjusted annual rate (SAAR) above 14 million units -- the highest level since early 2008.
The Peugeot 3008 Hybrid4 is pictured during the International Motor Show in Frankfurt

GM Hesitates Over Peugeot Alliance Plan: Report

French car maker PSA Peugeot Citroen's alliance talks with General Motors may yet fail as the U.S. automaker hesitates over criticism from investors, a source with knowledge of the discussions said.
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NZ court rejects bid to rejail Megaupload boss, frees cash

The founder of the online file-sharing site Megaupload.com has asked a New Zealand court to free nearly a quarter of a million dollars in frozen assets to pay for living expenses, including nannies and bodyguards, as a bid by the United States to put him back behind bars was thrown out of court on Wednesday.
Romney wins Wyoming Republican Caucus

Romney's 41% Is 'Enough' for Michigan; Big Tally in Arizona

Mitt Romney scored victories in both of Tuesday's Republican primarie in Michigan -- his native state -- and Arizona. The wins reposition the former Massachusetts governor as his party's front-runner and could prompt a rethink of rival Rick Santorum's candidacy
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Europe to investigate Google's new privacy policy

France's data protection regulator will launch an official investigation into Google's new privacy policy and said that its preliminary view was that it did not conform with European laws on protecting individuals' privacy.
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Chinese relish crack in Great Firewall, log on to Facebook

Some Chinese Internet users have this week been able to access blocked websites such as YouTube, Facebook and Twitter, relishing the newfound freedom although the reason for the breach in China's Great Firewall of censorship was a mystery.
Experts believe U.S. stocks are already overvalued just three years into the bull market

Stock index futures point to a firmer start

U.S. stock index futures pointed to a firmer open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures rising 0.1-0.2 percent at 4:58 a.m. ET.
Iran's foreign minister Ali Akbar Salehi

Making Nuclear Bombs a 'Great Sin': Iran

While the international community and the U.N. nuclear watchdog allege that Iran is operating a clandestine nuclear weapons program, the latter has gone a step further in denial to condemn the production of atomic weapons as a great sin.
Mahmoud Ahmadinejad

Arab Spring Headed to Iran, Warns Senior Muslim Brotherhood Member

A senior Muslim Brotherhood member and the head of the foreign affairs committee in the Egyptian parliament said on Monday that the popular political uprising that swept across the Middle East last year, overthrowing many dictatorial regimes including that of Egypt, is headed to Iran.
Mahatma Gandhi

Mahatma Gandhi Baptized by Mormon Church? Issue Stirs Debate on Proxy Baptism

Mohandas Karamchand Gandhi, the icon of peace and non-violence and the Father of Indian nation, was baptized by proxy by the Church of Jesus Christ of Latter-day Saints (Mormon) on March 1997, according to information from an independent researcher. The revelation by the researcher Helen Radkey of Salt Lake City has raised sharp reactions from Gandhi's grandsons and Hindu activists worldwide.
Mitt Romney Wins Arizona and Michigan 2012 Republican Primaries

Romney Takes Michigan, Arizona Votes; Is Inevitability Back?

Mitt Romney scored victories in both of Tuesday's Republican primarie in Michigan -- his native state -- and Arizona. The wins reposition the former Massachusetts governor as his party's front-runner and could prompt a rethink of rival Rick Santorum's candidacy.
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Banker Rohatyn to guide NY infrastructure bank: Governor

Investment banker Felix Rohatyn, who helped rescue New York City from its mid-1970s financial crisis, has agreed to sit on the board of New York State's $25 billion infrastructure bank, Governor Andrew Cuomo said on Tuesday.
Republican Debate: It was a ‘Surging Santorum vs. Raving Romney’ Show

Romney, Santorum Tied in Michigan With 10 Percent of Vote Counted

WASHINGTON (Reuters) - Mitt Romney and Rick Santorum were virtually tied at about 40 percent each with 10 percent of the vote counted in the Republican presidential primary in Michigan on Tuesday, according to early vote counts broadcast on television networks.

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