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Nissan posts profit, lifts forecast

Nissan Motor Co, Japan’s third-largest automaker, returned to quarterly profit on Tuesday and lifted its outlook for the second time, as brisk global sales signal the worst may be over for the auto industry.

China credit zooms to $201 bn in Jan; inflation up

China’s banks probably made more new loans in January than the previous three months combined as lenders anticipated a credit clampdown by policymakers seeking to stem rising inflation pressures.

Coca- Cola net up on sales in India, China

Coca-Cola Co, the world’s largest soft-drink maker, said fourth-quarter profit gained 55% as volume sales grew in markets including China and India. The shares rose in early US trading.

Toyota will recall 4.37k cars globally

Toyota Motor Corp will recall 437,000 hybrid cars globally to fix faulty braking systems on four models, including the Prius, adding to almost 8 million vehicles the company is repairing for separate defects.

US will never lose Aaa debt rating, says Geithner

Treasury secretary Timothy F Geithner said the US is in no danger of losing its Aaa debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010.

Disney-Google team eyes 40% stake in Chinese media firm

A consortium led by Walt Disney Co is in advanced talks to buy into China’s largest in-bus digital media and advertising company, a deal that could offer the US entertainment giant...

CIT ropes in ex-Merrill chief Thain

John Thain, the ousted chief of Merrill Lynch & Co, was named to lead CIT Group Inc, the commercial lender that emerged from bankruptcy in December, after almost a four-month search for a replacement.

Cadbury’s top bosses resign following Kraft’s takeover

Within a month of Cadbury’s buyout by American chocolate maker Kraft Foods, top three executives of the British confectioner have announced their resignation from the company.

Deutsche Bank posts fourth straight quarterly profit

Deutsche Bank AG, Germany’s biggest bank, posted a fourth straight quarterly profit, buoyed by a tax gain, a year after reporting a record loss.

Tax credits, highway funds in US jobs Bill

With a nervous eye on the November congressional elections, Senate Democrats’ unveiling of tax credits and other proposals on Thursday aim to bring down the nation’s double-digit unemployment rate.

$2-bn recall hit fails to deter Toyota, raises outlook on strongest profit

Toyota Motor Corp expects costs and lost sales from its largest ever safety recall to total $2 billion for the year to March, but raised its outlook after posting its strongest operating profit in six quarters.

Volcker warns lawmakers on banks’ risk trading

White House economic adviser Paul Volcker on Tuesday told Congress to curb risky investing by big banks, warning his soul would haunt lawmakers when the next banking crisis hits if they did not heed him now.

Time Warner posts $627-m net income in Q4

Time Warner Inc reported stronger quarterly profit and slightly higher revenue, courtesy hit movies like Sherlock Holmes and The Hangover, and became the second major media company in as many days to raise its dividend.

Honda profit soars to $1.49 billion as cost cuts offset lower sales

Honda’s quarterly profit soared sixfold on cost cuts and strong sales of green vehicles, boosting the Japanese automaker’s full year forecast as the global car market gradually recovers.

AIG unit staff agrees to $20 m cut in payout

AIG said on Tuesday that current and former employees of its Financial Products unit has agreed to accept cuts up to about $20 million in retention payments, short of a $26 million target.

BankAm to pay $4.4 bn in bonus

Bank of America Corp, the nation’s largest lender, will pay investment-banking employees bonuses of about $4.4 billion for last year, or an average of $400,000 each, a person close to the bank said.

BP earnings rise 68% to $4.8 bn

BP Plc, Europe’s biggest oil company, expects the recovery from last year’s recession to be “slow and gradual” as fourth-quarter earnings missed analyst estimates.

Australia keeps rate at 3.75%

Australia’s central bank unexpectedly paused in raising interest rates as governor Glenn Stevens opted to support the economy’s acceleration and stem inflation later.

Obama eyes rich Americans, businesses to meet tax target

The Obama administration seeks a $970 billion tax increase over the next decade on Americans earning more than $200,000 and wants to take in an additional $400 billion from businesses even as it retools a proposed crackdown on international tax-avoidance techniques.

Volcker to ask Congress to curb bank risks

White House advisor Paul Volcker will urge Congress to curb the risks taken by large banks to help prevent them from being treated as ‘too big to fail,’ according to testimony obtained by Reuters on Monday.

Russian economy shrinks 7.9% in 2009

Russia’s economy shrank the most on record in 2009 after the price of oil slumped 77% from peak to trough and left businesses to start the...

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