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Nissan returns to profit in Oct-Dec quarter (AP)

09-02-2010 06:34

Tattoo artist Henry Hate AP - Japanese carmaker Nissan Motor Co. said Tuesday it booked a profit in the October-December quarter after a deep loss a year earlier, and now expects to be in the black for the full fiscal year.

Opel unveils restructuring plan (AP)

09-02-2010 06:32

AP - General Motors Co.'s Opel unit said Tuesday that it plans to invest euro11 billion ($15 billion) through 2014 and appealed for government help as it detailed a restructuring drive that will result in about 8,300 job cuts across Europe.

SAS to raise cash, cut 700 jobs after Q4 loss (AP)

09-02-2010 06:25

AP - Scandinavian airline group SAS on Tuesday asked shareholders for a 5 billion kronor ($670 million) cash injection, saying it needs more liquidity to emerge from the economic downturn after reporting a loss in the fourth quarter.

Ryanair to put $140 million in Lithuanian hub (AP)

09-02-2010 05:48

AP - Budget airline Ryanair will establish a major hub in the Lithuanian city of Kaunas, its first in Central and Eastern Europe, the company's chief executive announced Tuesday.

European stocks up cautiously on hopes for Greece (AP)

09-02-2010 05:47

A man walks past a screen showing falling stocks at the Athens Stock Exchange, in red, in Greece on Monday, Feb. 8, 2010. Stocks traded mixed Monday as investors remained wary about the strength of the economic recovery and mounting debt in Europe. (AP Photo/Petros Giannakouris)AP - European stocks rose cautiously Tuesday on hopes that EU officials will provide Greece with some form of support to handle its mountain of debt and keep the market crisis from spreading to other vulnerable countries.

EU government bank says no bailout for Greece (AP)

09-02-2010 04:52

AP - The European Union's government-backed lender says it cannot bail out Greece or any other European country that can't pay its debts.

Greece seeks pension, wage reform as strike looms (AP)

09-02-2010 04:37

AP - Greece's government on Tuesday tackled the thorny issue of pension and wage reform, part of its plan to fight a debt crisis that has alarmed global markets, even as strikes were being planned nationwide.

Japan Airlines rejects Delta, stays with American (AP)

09-02-2010 04:36

AP - Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines.

UBS makes Q4 profit, but withdrawals continue (AP)

09-02-2010 04:33

AP - Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts' expectations partly thanks to a tax credit, but said rich clients' withdrawals had continued.

Oil above $72 in Asia amid weakening dollar (AP)

09-02-2010 04:28

A map of northern Europe showing the route of the planned South Stream and Nabucco gas pipelines. Serbia's state-run gas company and Russia's Gazprom on Friday founded a joint venture to manage an underground gas storage as a part of future South Stream pipeline through the Balkan republic, Beta news agency reported.(AFP/Graphic)AP - Oil prices rose above $72 a barrel Tuesday in Asia as a weakening U.S. dollar offset concerns about the strength of the global economic recovery.

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