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Detroit auto show brings optimism, caution

U.S. automakers and officials at the Detroit auto show struck an optimistic yet cautious tone on Monday as they sought to put a toxic year of slumping sales and massive government aid behind.

China overtakes U.S. as world's No.1 auto market

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China's auto market, which overtook the United States as the world's largest earlier this year thanks to a raft of policy incentives, has been a major bright spot amid a global industry downturn.
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Six major powers to discuss Iran's nuclear program

Major powers may soon meet to discuss Iran's nuclear program, the State Department said on Monday, adding the talks could take place when U.S. Undersecretary of State William Burns travels to Moscow and Madrid this week.
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TransAlta to expand Canada wind farm on contract

TransAlta Corp said on Monday it is planning a C$100 million ($97.1 million) expansion to its New Brunswick wind farm after winning a 25-year power supply contract in the Atlantic Canadian province.
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Wall Street pauses before start of earnings

U.S. stocks paused on Monday after a week of gains as nervous investors braced for the start of earnings reporting, worried if profits and outlooks will be strong enough to extend the market's advance.
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Obama launches new push for healthcare overhaul

As Obama's fellow Democrats in the House of Representatives and the Senate struggle to merge their healthcare bills into one, the president used his weekly radio address to try to ease lingering public doubts over his top legislative priority.
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Ford sweeps awards at Detroit Auto Show

Ford Motor Co swept the 2010 North American Car and Truck Awards at the Detroit auto show on Monday, marking only the third time in the 17-year history of the award that a single automaker has claimed both titles.
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U.S. household names hit by Venezuela devaluation

U.S. companies selling their goods in Venezuela will be pinched by the government's move to devalue its currency, as many of their products will cost more for consumers and their earnings will take a hit.
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GM says could make a profit in 2010

General Motors Co could post a profit in 2010 if the U.S. industry stages modest recovery but remains subject to the risk that the improving trend in the U.S. economy is reversed, the automaker's vice chairman, Bob Lutz, said on Monday.
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Banks lift executive salaries, cut bonuses

Most banks have increased basic salaries and cut bonuses for executives in response to calls for leaner compensation packages after the financial crisis, according to a survey by consultancy Mercer.
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China car sales top U.S.

China's auto sales surged past the United States to reach record levels in 2009, industry figures showed on Monday, underscoring China's importance to the global auto industry as the world's biggest market.
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North Korea calls for peace treaty to replace armistice

North Korea said on Monday it wants to reach a peace treaty quickly to replace the ceasefire that ended the 1950-53 Korean War in order to build trust with the United States and revive dormant nuclear disarmament talks.
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Six NATO servicemembers killed in Afghanistan

Six members of the NATO-led military force in Afghanistan were killed on Monday in two battles with insurgents and a roadside bomb attack, making it one of the bloodiest days for foreign troops in months.
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Commercial property returns to grow in 2011

U.S. commercial real estate investors may have to wait until next year to see their returns start to grow, as returns will likely remain in negative territory this year, according to the research arm of real estate services company CB Richard Ellis Group Inc.
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Wall Street to rise on China trade data

Stock index futures rose on Monday as China's stronger trade figures stoked optimism in the global recovery and as investors anticipated a profitable earnings report from Alcoa Inc .
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Clinton to talk bases, security on Pacific swing

Secretary of State Hillary Clinton heads to the South Pacific this week, working to boost key U.S. alliances while pressing Japan to resolve a damaging dispute over a critical U.S. military base.
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Ford sweeps awards in Detroit

Ford Motor Co , swept the 2010 North American Car and Truck Awards at the Detroit auto show on Monday, marking only the third time in the 17-year history of the award that a single automaker has claimed both titles.
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Cellphone use for shopping up: Motorola

A growing number of consumers worldwide used their mobile telephones to help them shop early in the holiday season with usage particularly high among young adults seeking coupons, according to a study sponsored by Motorola Inc and released on Monday.

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