WASHINGTON (AP) -- In public, It's part of an all-out drive by the
world's biggest auto manufacturer to redeem its once unassailable brand -- hit
anew on Tuesday as In Washington, facing congressional
inquiries and government investigations, EU nations' reality: Greece's woes are
theirs, too BRUSSELS (AP) -- Wealthy European
nations were moving closer toward swallowing a bitter pill Tuesday: rescuing
Greece from its own overspending to stop its debt crisis from dragging down the
euro and stock markets all the way to Wall Street. Stocks in the U.S. and Europe rose on
expectations of some kind of decisive action to stem fears of a European Union leaders will issue a
statement on Greece's debt crisis during a Thursday meeting, officials said
Tuesday -- without giving details of what it would say -- as the European
Central Bank's president Jean-Claude Trichet joins them for talks in Brussels. Stocks jump on hopes for Greece debt
assistance NEW YORK (AP) -- The Dow Jones
industrial average jumped back above 10,000 on hope that the European Union
will help Greece manage its growing debt burden. The Dow rose 150 points Tuesday, a day
after closing below 10,000 for the first time in three months. The major
indexes all gained more than 1 percent. Global markets bounced back on reports
that European Central Bank President Jean-Claude Trichet is changing his travel
schedule to attend a meeting of EU officials on Thursday and that plans are
being developed to rescue Greece. The reports are raising hopes that
policymakers will take bigger steps to contain troubles in Greece. The county
is struggling with big budget gaps and is seeing demand fall for its debt. Disney posts flat 1Q profit, beating
estimates LOS ANGELES (AP) -- The The advertising recovery had an uneven
effect at Disney, with ESPN and Disney Channel benefiting from higher ad
revenues, but the ABC broadcast network suffering from lower ratings and
advertising prices. ABC nevertheless benefited from sales of " Disney, which is based in Burbank,
Calif., is closely tethered to consumer confidence because spending on its
theme parks, stores and movies is a good barometer of how freely people are
spending their extra cash. Strong overseas sales put fizz in
Coca-Cola's 4Q NEW YORK (AP) -- International sales
again added fizz to Coca-Cola's fourth quarter, while sales in North America
softened, to lift profit 55 percent in the last three months of the year. Although the economy appears to be
slowly improving, the CEO of the world's largest beverage maker said Tuesday he
expects 2010 to be another difficult year. CEO Muhtar Kent said people are no
longer worried about how deep the recession will be, but sales could still be
volatile in the next year as they wait to see job prospects improve. The Atlanta beverage maker sold 5
percent more beverages worldwide in its fourth quarter. Google's e-mail gets social in MOUNTAIN VIEW, Calif. (AP) -- Google is
making it easier to socialize on its e-mail service. It's unveiling a new
"Google Buzz" feature that sets up a face-off with The feature unveiled Tuesday will
enable Gmail users to create status updates on Google Buzz and read and comment
on the updates posted by their friends. Other tools turn Gmail into a showcase
for sharing video, pictures and Web links to interesting stories, just as users
can on Gmail's new twists are a direct
response to Paulson says nation may profit from
bank bailout OMAHA, Neb. (AP) -- Henry Paulson, the
former Treasury chief, and billionaire Warren Buffett said taxpayers will
recover every cent paid out to banks during the economic meltdown and may even
turn a profit. The staunch Democrat investor and the
Treasury secretary under President Paulson in his recently released book
defended the government, which scrambled to prevent failing U.S. banks from
dragging down the global economy with them. FDA aims to rein in radiation-based
medical scans WASHINGTON (AP) -- Federal regulators
will require manufacturers of high-grade medical imaging machines to include
safety controls that prevent patients from receiving excessive radiation doses. The proposal announced Tuesday is part
of a multipronged effort to address reports of acute injuries as well as reduce
lifetime exposure to radiation, which has nearly doubled since 1980. The TOKYO (AP) -- The Japanese carrier said Tuesday it
will strengthen its partnership with American. The two airlines will jointly
seek government approval to work closer together to coordinate schedules on
trans-Pacific flights, share revenue and carry each other's passengers -- all
moves that can boost profits. The decision brings to an end a fierce
tug-of-war over Senate Democrats unveil jobs package WASHINGTON (AP) -- Senate Democrats
circulated a jobs bill Tuesday that's light on new initiatives on boosting
hiring and heavy with provisions sought by lobbyists for business groups,
doctors and the satellite broadcasting industry. Senate Democrats were working to round
up Republican support, hoping to hand President The 362-page measure has very few new
ideas for creating jobs, other than a $10 billion plan to exempt companies from
paying the employer's share of Social Security payroll taxes for new hires if
they are unemployed and hired this year. New indictment boosts charges vs. Raj
Rajaratnam NEW YORK (AP) -- A new indictment has
boosted criminal insider trading charges against one of America's richest men
in what New York authorities have described as history's largest hedge fund
insider trading case. The indictment brought by federal
prosecutors in Manhattan was made public Tuesday. The new charges bring allegations
against hedge fund operator Raj Rajaratnam that are based on claims by some
defendants who have pleaded guilty in the case. By The Associated Press The Dow Jones industrial average rose
150.25, or 1.5 percent, to 10,058.64, its steepest percentage gain since Nov.
9. The broader Standard & Poor's 500 index rose 13.78, or 1.3 percent, to
1,070.52, while the Wholesale heating oil prices rose 5.18
cents to settle at $1.9373 per gallon on the New York Mercantile Exchange
Tuesday as the second powerful storm in four days threatened to dump more than
a foot of snow on the East Coast. In other Nymex trading, natural gas
prices fell 11.1 cents per 1,000 cubic feet to settle at $5.290 on the Nymex.
Benchmark crude for March delivery jumped $1.86 to settle at $73.75 a barrel.
Gasoline added 3.5 cents at settle at $1.9290 a gallon. In London, Brent crude
gained $2.02 to settle at $72.13 on the ICE futures exchange.