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Market gains with commodity shares, earnings

U.S. stocks jumped on Tuesday as commodity-related shares rose with a slump in the dollar and the latest batch of corporate earnings improved the profit outlook.

Oil rises above $75 as dollar dips

Global oil prices recovered in European trade Tuesday mainly after the dollar dropped, reducing the appeal of commodities as an alternative investment. Light sweet crude for March delivery was seen trading at $75.34 a barrel at 4.00 p.m Indian time while Brent crude was at $73.95 a barrel at the same time. Crude oil advanced as the euro strengthened against the dollar, reducing the appeal of commodities as an alternative investment.

Top Taliban commander held in Pakistan

The Taliban's top military commander was captured in Pakistan, U.S. and Pakistani officials said on Tuesday, but the move may not deal a decisive blow to a group putting up fierce resistance to a NATO offensive in Afghanistan.

Toyota eyes U.S. output cutbacks after recalls

Toyota Motor Corp has decided to cancel production at two U.S. plants for a total of two weeks in anticipation of a drop in sales in the wake of its massive recalls, Japan's Chunichi Shimbun reported on Tuesday.

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Wall Street rises on solid earnings results, data

Stocks gained on Tuesday as corporate earnings and a solid jump in manufacturing data fueled investors' optimism on their return from a 3-day holiday.

Mortgage insurer PMI posts wider-than-expected Q4 loss

Mortgage insurer PMI Group Inc reported a much wider-than-expected quarterly loss, as its U.S. unit continued to post disappointing results, sending its shares down 5 percent before the bell.

Long way to recovery for specialty chemicals makers

Swiss specialty chemicals companies Clariant and Givaudan hinted at a prolonged recovery process for an industry hit hard by the downturn in key markets like the car and building sectors.

Zain eyes big gains, Bharti shares fall further

Kuwaiti telecoms firm Zain said it would pocket around half of the proceeds from its planned $10.7 billion sale of African assets to Bharti Airtel and use the rest to pay off debt, sending its shares soaring.

Capital One credit card defaults rise in January

Capital One Financial Corp's U.S. credit-card defaults rose in January, in a sign that consumers continue to remain under stress, it said in a regulatory filing.

Mortgage insurer PMI Group posts wider Q4 loss

Mortgage insurer PMI Group Inc reported a wider quarterly loss, as its U.S. unit continued to post disappointing results.

Iran says will respond to any new sanctions

President Mahmoud Ahmadinejad said on Tuesday talks were still going on over a proposed nuclear fuel swap and any country which tried to impose new sanctions on Iran would regret its actions.

GM seeking more U.S. ethanol fueling stations

General Motors Co's growing output of vehicles capable of running on ethanol-gasoline blends won't help cut polluting emissions or U.S. dependence on foreign oil until a slim network of stations dispensing ethanol is greatly expanded, GM Vice Chairman Tom Stevens said.

Wall Street set for higher open on solid results, data

Wall Street was set for a higher open on Tuesday as corporate earnings and a solid jump in manufacturing data fueled investors' optimism on their return from a 3-day holiday.

Toyota crash complaints rise in U.S.

Fatalities alleged by consumers to the government related to unintended acceleration in Toyota Motor Corp vehicles have reached 34, with a recent jump in complaints accounting for more than a third of the total.

Hyundai targets 4.5 percent rise in U.S. market share

Hyundai Motor Co aims to increase its share of the U.S. market to 4.5 percent this year from 4.2 percent in 2009.

Ford India to launch compact Figo in March

U.S. carmaker Ford Motor Co's India unit said on Tuesday it would launch its compact car in March and was expanding its dealership in the fast-growing market.

Toyota eyes U.S. output cutbacks after recalls: report

Facing death, freed Iraq detainees may fight again

Many Iraqis released by U.S. forces after being detained for suspected links to Sunni insurgents have been killed by tribes seeking revenge or are being driven back into the arms of al Qaeda.

Up to 80 million Americans infected with H1N1: CDC

But 90 percent of the most vulnerable people remain unvaccinated, with only about 61 million Americans having received shots, the CDC said.

Wall St futures point to higher open, banks eyed

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.4 to 0.6 percent, pointing to a higher open on Wall Street on Tuesday.

Futures rise as corporate earnings fuel optimism

U.S. stock index futures rose on Tuesday, pointing to a higher opening, as corporate earnings fueled investors' optimism on their return from a 3-day holiday.

Stocks, euro rise; Greek worries persist

European shares gained on Tuesday after UK bank Barclays beat profit forecasts, and the euro rose against the dollar as European finance ministers put more pressure on Greece to resolve its fiscal problems.

Barclays profits $18.2 billion, beats forecasts

Barclays Plc said it had started the year well after beating expectations with 2009 profits of over 11.6 billion pounds ($18.18 billion), on the back of a strong performance at its investment banking unit.

Americans tried in Pakistan seek release on bail

Pakistani lawyers for five young Americans accused of contacting militants over the Internet and plotting terrorist attacks sought their release on bail on Tuesday, saying the prosecution lacked evidence.

Iran will consider any new atom fuel ideas: Mottaki

Iran would consider any new ideas on a proposed nuclear fuel swap with major powers, Foreign Minister Manouchehr Mottaki said on Tuesday, after meeting his Turkish counterpart in Tehran.

Iraq has top terror risk, Thai danger up: ranking

Iraq is the country most at risk from terrorist attacks for the second straight year, according to a ranking by global analysts Maplecroft, while Thailand has joined the nine countries most in danger for the first time.

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