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Tuesday, February 09, 2010

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  • Stocks trade mixed as European debt woes remain (AP)

     

    A trader works on the floor of the New York Stock Exchange, February 8, 2010. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS)

    AP - Stocks are mixed as investors remain wary about the strength of the economic recovery and mounting debt in Europe.


  • World's tallest tower closed a month after opening (AP)

     

    People are shown where to queue for a refund of their money at the ticket counter after the observation deck of the world's tallest tower, Burj Khalifa was unexpectedly shut down in Dubai, United Arab Emirates, Monday, Feb. 8, 2010. The closure is potentially disappointing thousands of tourists and marring the spire's image just a month after it opened. The precise cause of the $1.5 billion Dubai skyscraper's closure remained unclear. In a brief statement responding to questions, building owner Emaar Properties blamed the closure on 'unexpected high traffic,' but then suggested that electrical problems were also at fault. (AP Photo/Kamran Jebreili)

    AP - The world's tallest skyscraper has unexpectedly closed to the public a month after its lavish opening, disappointing tourists headed for the observation deck and casting doubt over plans to welcome its first permanent occupants in the coming weeks.


  • Report: Toyota plans to recall 300,000 Priuses (AP)

     

    In this Feb. 6, 2010 photo, a couple check the hatchback of a Toyota Motor Corp.'s new Prius hybrid at the Toyota museum in Toyota, central Japan. A news report says that Toyota is preparing to soon report to the Japanese and U.S. governments its plan to issue a recall over a brake problem with its Prius hybrid. Kyodo News agency reported Monday, Feb. 8 that the company is planning such a move as early as Tuesday in Japan. The report also said that Toyota would 'promptly' do the same in the U.S. (AP Photo/Itsuo Inouye)

    AP - Toyota plans to recall about 300,000 Prius hybrids worldwide over a brake problem and will notify the U.S. and Japanese governments Tuesday, a news report said, as a top executive will testify before U.S. lawmakers over recall woes that have tarnished its reputation for quality and safety.


  • GOP cool to Obama call for two-party health talks (AP)

     

    President Barack Obama delivers remarks at the Democratic National Committee Winter Meeting in Washington, Saturday, Feb. 6, 2010. (AP Photo/Susan Walsh)

    AP - Republicans gave a chilly reception Monday to President Barack Obama's invitation to discuss health care in a bipartisan, televised setting later this month, part of the White House effort to revive the stalled legislation.


  • German tax cheat gets $10M in damages from bank (AP)

     AP - A court has ordered a former subsidiary of Liechtenstein's LGT bank to pay over euro7.3 million ($10 million) to a client for failing to inform him that his confidential details had been stolen and handed to authorities, thereby harming his chances of escaping criminal penalties for tax evasion.

  • Transformers drive Hasbro 4Q profit increase (AP)

     

    FILE - In this Feb. 9, 2009 file photo, Star Wars toys are seen on display at Palo Alto Sport & Toy World in Palo Alto, Calif. Hasbro Inc., the nation's second biggest toymaker, said Monday, Feb. 8, 2009, that sales of action figures and other toys aimed at boys as well as strong entertainment and licensing revenue helped push its fourth-quarter profit sharply higher.(AP Photo/Paul Sakuma, file)

    AP - Strong sales of boys' brands including Transformers and Nerf helped Hasbro Inc. post a better-than-expected fourth-quarter profit, sending shares up 11 percent, briefly touching a 52-week high.


  • A look at global economic developments (AP)

     AP - A look at economic developments and activity in major stock markets around the world Friday:

  • Obama says economy turning corner to growth (Reuters)

     Reuters - President Barack Obama said on Sunday the economy has turned the corner and resumed growth.

  • Comparing 2009 with 2008 for Lorillard Inc. (AP)

     AP - Here's how 2009 stacked up for Lorillard Inc., the maker of Newport cigarettes:
Yahoo! News: Business News Mon, 08 Feb 2010 16:46:37 GMT

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