UNITED STATES

Crude oil drops on shaky demand outlook

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The recent crude oil rally, which began on February 8 2010, ran into trouble Tuesday as global sentiments turned bearish on disappointing economic reports.
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Drop in consumer confidence hits Wall Street

U.S. stocks suffered their biggest one-day decline in nearly three weeks on Tuesday after a sharp drop in consumer confidence heightened worries over one of the most vulnerable areas of the economy.
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China says Google hacking claims groundless

Google's assertion that its computers were attacked by hackers based in China was groundless, Beijing said on Tuesday, hardening its rhetoric in a spat with Washington over Internet freedom.
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Apologetic Toyota vows safety improvements

Toyota Motor Corp apologized for letting safety standards slip during a period of fast growth and vowed to respond more quickly to consumer complaints as two days of congressional hearings crucial to the automaker's reputation began on Tuesday.
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China unveils new Internet restrictions

China moved to tighten its grip on the flow of Internet information this Tuesday, saying individuals who want to operate Websites must first receive approval from regulators.
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Consumer confidence sags on jobs worry

Consumer confidence sagged to a 10-month low this month on worries about jobs and fears gridlock in Washington could hinder efforts to restart employment, curbing the economic recovery.
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Greenspan: U.S. recovery extremely unbalanced

Former Federal Reserve Chairman Alan Greenspan said on Tuesday the U.S. economic recovery was extremely unbalanced, driven largely by high earners benefiting from recovering stock markets and large corporations.
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Toyota vows shake-up, lawmakers seek more reform

Top executives at Toyota Motor Corp promised a quality shake-up on Tuesday as the Obama administration said it would hold the carmaker's chief to a pledge to address safety issues after massive recalls.
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FCC: Four Types of Americans Who Don't Have Internet

The Federal Communications Commission announced plans to launch its National Broadband Plan next month, which will provide high-speed Internet connections to over 93 million Americans who currently don't use Internet.
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Toyota's CEO 'deeply sorry' (Full Text)

The House Oversight Committee has released the opening statement for the committee's Wednesday's hearing that features Toyota President and CEO Ako Toyoda. The follow is the full text:
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Regulators report 27 percent jump in problem banks

The number of problem U.S. banks jumped 27 percent during the fourth quarter of 2009 to 702, the highest level since 1993 and a sign the industry's recovery is still shaky, regulators reported on Tuesday.
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EADS awaits A400M, tanker decisions; shares rise

Airbus parent EADS faced crucial decisions on transalantic defense projects worth $60 billion on Tuesday, as its shares rose on hopes its troubled efforts to diversify from jetliners would finally be unblocked.

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