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Euro, shares higher on hopes for Greek deal
(Reuters)
Reuters - The euro was at eight-week high and European shares rose on Wednesday on hopes that a deal on a second bailout for Greece was close, shrugging off data illustrating the damage the debt crisis has done to the region's economy.
Greeks seek elusive bailout deal, EU tempers fray
(Reuters)
Reuters - Greek parties will try again on Wednesday to agree a reform deal in return for a new international rescue to avoid a chaotic default, after delays prompted some EU leaders to warn that the euro zone can live without Athens.
Yahoo chairman exits, review drags on
(Reuters)
Reuters - Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan.
Nissan Q3 up on brisk sales, keeps forecasts
(Reuters)
Reuters - Nissan Motor Co (7201.T) pushed up quarterly operating profit by 3.6 percent as record car sales last year boosted its market share in every major region, and it kept its full-year forecast unchanged at the highest level among Japan's top automakers.
S&P cuts Sony rating, warns of further downgrade
(Reuters)
Reuters - Standard and Poor's cut its long-term debt rating on Sony Corp on Wednesday to BBB+, warning it may drop the consumer electronics giant a further notch within a year unless it shows it can achieve a significant turnaround in profitability.
Bangladeshi Investors Badly Hit by the Stock-Market Crash
(Time.com)
Time.com - The dramatic rise and swift fall of Bangladesh's stock market is a cautionary tale for emerging-market investors oblivious to the perils of hasty deregulation and rapid capital inflows
Job openings rise to 3.4 million in December
(Reuters)
Reuters - The number of jobs waiting to be filled rose in December as employers tried to ramp up hiring in factories, retail and business services, the government said on Tuesday.
Nissan quarterly profit rises despite floods, yen
(AP)
AP - Nissan's quarterly profit rose 3.2 percent on healthier sales that offset production damage from flooding in Thailand and a battering from the strong yen.
Greek debt talks drag on but banks signal progress
(AP)
AP - Greece's private creditors signaled progress late Tuesday on a debt-relief deal but crucial talks between Greek coalition leaders about forcing more austerity upon a hostile public were again postponed.
Eyes on dissident states as mortgage deal nears
(Reuters)
Reuters - A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.
Spanish banks set aside billions for toxic assets
(AP)
AP - Spain's three top banks said Tuesday they will set aside an additional euro6.1 billion ($8 billion) to meet a new government demand for all banks to boost their buffers against troubled real estate assets.
Walmart names ex-Woolworths veteran as new China CEO
(Reuters)
Reuters - Wal-Mart Stores Inc has named an industry veteran, but a relative newcomer to China, to run what is a strategically crucial business for the world's biggest retailer as it faces tougher competition in the fastest growing major economy.
AP Enterprise: Brown bank regulator an insider
(AP)
AP - Gov. Jerry Brown's appointee to head the department that oversees banking, financial and consumer regulations in California led a trade association that fought against tighter lending restrictions before the subprime mortgage crisis exploded and was an executive with Washington Mutual when the now-failed bank was among the most aggressive marketers of loans to high-risk borrowers.
Oil rises above $99 after US crude supply drop
(AP)
AP - Oil prices rose to above $99 a barrel Wednesday in Asia after an unexpected drop in U.S. crude supplies suggested demand is improving.
Defense relentless in questioning ex-Stanford exec
(AP)
AP - Liar. Hypocrite. Adulterer. Fraudster. Coward.
Chrysler, Clint Eastwood Say Super Bowl Ad Isn't Political
(ContributorNetwork)
ContributorNetwork - Chrysler Group CEO Sergio Marchionne defended the auto company's "It's Halftime in America" commercial during the Super Bowl featuring Clint Eastwood talking up Detroit. The ad slot stirred up debate for being a political statement, but Marchionne says it wasn't that, MLive reports. Here are details about Chrysler's ad.