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.
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Bribery scandal clouds Berlusconi's election hopes
A high-profile corruption scandal involving Silvio Berlusconi's inner circle is denting the Italian prime minister's hopes of a sweeping victory in regional elections next month.
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.
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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.
Obama unveils plan to build nuclear plants
President Barack Obama announced $8.3 billion in loan guarantees on Tuesday to build the first U.S. nuclear power plant in nearly three decades in a move designed to help advance climate legislation in Congress.
NY Fed's Empire State index at highest since October
A gauge of manufacturing in New York state rose in February as inventories jumped, the New York Federal Reserve said in a report on Tuesday.
JP Morgan strikes $1.7 billion deal to buy RBS Sempra units
JPMorgan Chase & Co will buy the non-U.S. assets of commodities joint venture RBS Sempra from Royal Bank of Scotland and Sempra Energy for $1.7 billion cash, roughly doubling its commodities client base.
U.S. stocks rise on financials and energy
U.S. stocks rallied on Monday on gains in the financial and energy sectors, despite the lack of a detailed plan for a Greece bailout from European finance ministers.
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.
Merck profit meets views, sees deal savings ahead
Merck & Co posted quarterly revenue ahead of analysts' estimates on Tuesday, and stuck by its financial goals from its recently completed merger with rival drugmaker Schering-Plough Corp.
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.
HP, Dell report results as Wall St bets on PC sales
With computer hardware at the top of the shopping list for many companies this year, Hewlett-Packard Co and Dell Inc offer investors two different ways to play the information technology upgrade cycle.
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.
Kraft profit up, sees long-term Cadbury boost
Kraft Foods Inc posted a higher quarterly profit and said its recent acquisition of British chocolatier Cadbury Plc would help accelerate long-term growth.
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.
EU suggests extra Greek deficit cuts will be needed
European ministers told Greece on Tuesday it may need to take further steps to bring a swollen debt under control and calm irrational financial markets, as wage cuts already announced by Athens sparked another strike.
Microsoft launches mobile software overhaul
Microsoft launched its new mobile phone operating software on Monday, introducing a range of music, gaming and networking features aimed at expanding its appeal beyond its core business customers.
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.
Ukraine's Yanukovich to be sworn in on February 25
Ukraine's parliament on Tuesday fixed February 25 for the inauguration of Viktor Yanukovich as president, even as rival Yulia Tymoshenko prepared to challenge his election in court.
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.
Factbox: Ties binding China and Iran
China faces growing pressure from Western countries to back fresh sanctions against Iran over its disputed nuclear activities. Here are key facts about ties between China and Iran.
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.