Credit Card and Financial News

An up-to-date look at the Financial World

09 Feb

Stocks climb on hopes for Greece debt assistance (AP)

Posted in business on 09.02.10

FILE - In this March 17, 2009 file photo, the trading floor of the New York Stock Exchange is seen. The Dow Jones industrial average closed below 10,000 for the first time in three months Monday, Feb. 8, 2010, on nagging concerns about debt loads in Europe. (AP Photo/Mark Lennihan, File)AP – Stocks surged Tuesday morning as hopes grow the European Union will help Greece with its growing debt burden.


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09 Feb

Opel asks for billions in restructuring plan (AP)

Posted in business on 09.02.10

German Economic Minister Rainer Bruederle briefs the media about the developments with General Motors Co's Opel unit at the Reichstags building in Berlin, Germany, Tuesday, Feb. 9, 2010. General Motors Co.'s Opel unit announced a restruction drive that will result in about 8,300 job cuts across Europe. (AP Photo/Markus Schreiber)AP – General Motors Co.’s Opel unit asked European governments for billions of euros (dollars) in aid on Tuesday as it formally presented a restructuring plan that will result in some 8,300 job cuts.


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09 Feb

Futures lifted by Greece rescue talk (Reuters)

Posted in business on 09.02.10

Traders work on the floor of the New York Stock Exchange in this October 30, 2009 file photo. REUTERS/Brendan McDermidReuters – Stock index futures rose on Tuesday, buoyed by hopes that European Union nations could bail out debt-burdened Greece.



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09 Feb

Futures point to higher open on Wall Street (Reuters)

Posted in business on 09.02.10

Traders work on the floor of the New York Stock Exchange in this October 30, 2009 file photo. REUTERS/Brendan McDermidReuters – Stock futures rose on Tuesday, pointing to a higher start for Wall Street after sharp falls in the previous session, but with some caution expected to persist over euro zone debt concerns.


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09 Feb

China’s CIC gives breakdown of U.S. equity stakes (Reuters)

Posted in business on 09.02.10

Reuters – China Investment Corp , the country’s $300 billion sovereign wealth fund, has made its biggest U.S. equity bets in natural resources and financial stocks.

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09 Feb

NYSE Euronext returns to profit in 4th quarter (AP)

Posted in business on 09.02.10

AP – NYSE Euronext, the trans-Atlantic stock exchange operator, said Tuesday it returned to profit in the fourth quarter as cost-cutting helped offset a drop in revenue from falling global share trading volumes.

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09 Feb

Toyota recalls 437,000 Priuses, hybrids globally (AP)

Posted in Uncategorized on 09.02.10

In this June 5, 2009 photo, workers give the final check on newly assembled new 2010 Prius hybrid vehicles at Toyota Tsutsumi Plant in Toyota, central Japan. Toyota Motor Corp. is recalling nearly 200,000 of its signature Prius green cars in Japan for braking problems, the latest in a string of embarrassing safety lapses at the world's largest automaker. Toyota president Akio Toyoda will hold a news conference at the automaker's Tokyo office later Tuesday, Feb. 9, 2010 to outline details of the braking problem, including plans for a possible recall in the U.S., a company official told The Associated Press. (AP Photo/Shizuo Kambayashi)AP – Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems — the latest in a string of embarrassing safety lapses at the world’s largest automaker.



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09 Feb

Toyota recalls 437,000 Prius, hybrids globally (AP)

Posted in Uncategorized on 09.02.10

In this June 5, 2009 photo, workers give the final check on newly assembled new 2010 Prius hybrid vehicles at Toyota Tsutsumi Plant in Toyota, central Japan. Toyota Motor Corp. is recalling nearly 200,000 of its signature Prius green cars in Japan for braking problems, the latest in a string of embarrassing safety lapses at the world's largest automaker. Toyota president Akio Toyoda will hold a news conference at the automaker's Tokyo office later Tuesday, Feb. 9, 2010 to outline details of the braking problem, including plans for a possible recall in the U.S., a company official told The Associated Press. (AP Photo/Shizuo Kambayashi)AP – Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems — the latest in a string of embarrassing safety lapses at the world’s largest automaker.



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09 Feb

Swiss bank UBS returns to quarterly profit (AFP)

Posted in business on 09.02.10

Troubled Swiss bank UBS has said that it had returned a 1.20 billion Swiss franc profit (1.12 billion dollars, 821 million euros) in the final quarter of 2009, shrugging off more than a year of quarterly losses.(AFP/File/Fabrice Coffrini)AFP – Troubled Swiss bank UBS said Tuesday that it had returned a 1.20 billion Swiss franc profit (1.12 billion dollars, 821 million euros) in the final quarter of 2009, shrugging off more than a year of quarterly losses.


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09 Feb

Atmel’s losses widen; shares climb on better sales (AP)

Posted in Uncategorized on 09.02.10

AP – Atmel Corp.’s loss widened in the fourth quarter as the chip designer wrote down the value of its business, but its sales rose and investors pushed up its stock price after hours Monday.

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