IBT Staff Reporter

French carmaker PSA Peugeot Citroen said on Saturday it would recall nearly 100,000 cars because they have the same accelerator-related problems currently afflicting Japan's Toyota .

Russia's metals giant Norilsk Nickel expects to book a $2 billion net profit for last year after it ended 2008 with a loss of $449 million, Russian media reported on Saturday.

Commerzbank's Chief Executive cautiously welcomed Barack Obama's proposals for tougher banking rules, as politicians and regulators accuse bankers of dragging their feet on financial reform.

Bill and Melinda Gates said on Friday they would spend $10 billion over the next decade to develop and deliver vaccines, an increased commitment that reflects progress in the pipeline of products for immunising children in the developing world.

Magistrates walked out of courts across Italy on Saturday in protest against Prime Minister Silvio Berlusconi's judicial reforms and what they see as aggressive language used against them.

China threatened to impose sanctions on U.S. arms firms and cut cooperation with Washington unless it cancels a $6.4 billion arms sale to Taiwan, in an unprecedented move signaling Beijing's growing global power.

Haiti's leaders can point to progress since a powerful earthquake devastated the country but just surviving the first weeks' chaos, hunger and overwhelming loss may be the easiest part of a long recovery.

NATO troops clashed with their Afghan allies in a so-called friendly fire incident on Saturday, calling in air strikes that killed four Afghan soldiers and stoked anger among villagers.

World economic growth may be springing back faster than expected but recovery remains fragile and a better balance is needed between exporting and importing nations, top policymakers said on Saturday.

Trade ministers expressed gloom on Saturday about the prospects of concluding stalled global trade liberalization talks this year, with many blaming the United States for foot-dragging.

Trade ministers were skeptical on Saturday about the prospects of concluding stalled global trade liberalization talks this year, with some blaming the United States for foot-dragging.

No successor has yet been lined up to follow UBS chief executive Oswald Gruebel, the chairman of the Swiss bank's executive board was quoted as saying in a newspaper interview on Saturday.

An acceleration in U.S. economic growth at the end of last year has fanned optimism about the outlook for global growth among business chiefs and policymakers in Davos.

Barney Frank, the powerful chairman of the House Financial Services Committee, said on Saturday a reported move by banks to agree on a global wind-down fund was a major recognition of reality.

Tate & Lyle, world-leading renewable food and industrial ingredients company, has identified four major trends for food industry in USA for 2010 that covers private labels, environmental conscious purchasing, dining in-house and gluten content.

The chairman of Britain's regulator the Financial Services Authority branded so-called carry trades economically valueless, the Times reported on its website on Friday. Adair Turner said banks and hedge funds that borrowed cheaply in U.S. dollars to bet on higher yielding investments in emerging markets were adding no value to the real economy, the paper said.

Toyota Motor Corp President Akio Toyoda apologized for the recall of millions of vehicles around the world, Japanese broadcaster NHK reported, as the deepening recall crisis threatened to further damage its sales and delay an earnings recovery.

The adage 'as January goes, so goes the year' bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. In the coming week, they will have to contend with fears of sovereign defaults and the potential for unpleasant surprises in the U.S. labor market.

Toyota Motor Corp President Akio Toyoda apologized for the recall of millions of vehicles around the world, Japanese broadcaster NHK reported, as the deepening recall crisis threatened to further damage its sales and delay an earnings recovery.

Toyota Motor Corp's crippling sales shutdown of eight models due to a U.S. safety recall will continue until at least mid-February, sources briefed on the matter said on Friday.

NRG Energy Inc CEO David Crane said on Friday the company would not pursue construction of two nuclear reactors in Texas if the project loses a federal loan guarantee due to a dispute with partner CPS Energy.

American Express Co raised Chief Executive Kenneth Chenault's base pay by 60 percent to $2 million for 2010, in the latest instance of Wall Street firms boosting regular executive compensation while cutting bonuses.

Toyota Motor Corp's largest rivals are declaring open season on the automaker at a time when the industry leader is seen as most vulnerable in its largest market.

Lenders for Hollywood studio Metro-Goldwyn-Mayer agreed to extend a debt forbearance to March 31, which gives the studio more time to find a buyer.

Cisco Systems Inc is expected to post its first quarterly revenue growth in more than a year when it reports results, as customers more confident about the economy upgrade their networks.

Technology stocks fell and commodities shares recovered in after hours trading on Friday after the sectors showed the biggest market drops during the regular session.

The second of two U.S. Securities and Exchange Commission lawsuits against Bank of America Corp over the Merrill Lynch & Co takeover may be ready for trial as soon as this summer, with a trial on the first lawsuit set to begin on March 1.

A redesigned IBM exhibit called Smarter Planet opened on Friday at Walt Disney World near Orlando, bolstering IBM's 14-month-old campaign to rebrand itself as a company that provides global software solutions as well as its traditional hardware and technical services.

Barclays Plc urged a judge to throw out a lawsuit by Lehman Brothers Holdings Inc's bankruptcy estate alleging that it reaped a secret $5 billion profit from its rushed September 2008 purchase of the company's U.S. brokerage.