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Title: Yahoo! News: Business News
Link: http://news.yahoo.com/business
Description: Business News
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Greek PM vows to do all necessary to cut deficit
(AP)
AP - Greek Prime Minister George Papandreou has vowed to "take any necessary measures" to reduce Greece's deficit.
Trade deficit jumps sharply in December (AP)
AP - The U.S. trade deficit surged to a larger-than-expected $40.18 billion in December, the biggest imbalance in 12 months. The wider deficit reflected a rebounding economy that is pushing up demand for imports.
EU officials to talk over possible Greece rescue (AP)
AP - European Union governments are wrestling over how to help Greece, whose debt crisis has shaken the EU and undermined the shared euro currency.
Irish drugmaker Elan records Q4 loss, sees rebound (AP)
AP - Elan Corp. PLC said Wednesday it slumped to a loss in the fourth quarter, but the Irish drugmaker forecast a 2010 rebound as sales for its key multiple sclerosis-fighting drug, Tysabri, continue to grow.
Tax credits, Medicare fix in Senate jobs bill (Reuters)
Reuters - Highway funding and tax breaks for hiring workers figure prominently in a jobs-creation bill that Democrats and Republicans in the U.S. Senate hope will attract rare joint support in an election year, lawmakers said on Tuesday.
Stock futures in narrow range ahead of opening (AP)
AP - Stock futures rose but were down from their highs Wednesday while investors waited for details about a potential rescue package for Greece.
European stocks resume fall (AFP)
AFP - Europe's main stock markets mostly fell on Tuesday amid lingering debt concerns and as data showed that China overtook Germany last year to become the world's biggest exporting nation.
Molson Coors' 4Q profit rises on tax benefits (AP)
AP - Molson Coors Brewing Co. sold fewer beers around the world in the fourth quarter, but its profit more than doubled as the company held onto price hikes it made during the recession and benefited from a one-time drop in its tax rate.
New York Times posts jump in 4Q profit (AP)
AP - The New York Times Co. said Wednesday its fourth-quarter earnings climbed more than threefold, helped by cost cutting, an improving ad market and a one-time gain from lower pension costs.
Euro zone holds intensive talks about Greek rescue (Reuters)
Reuters - Euro zone countries were holding intensive talks on Wednesday about a possible financial rescue for debt-stricken Greece as civil servants staged the first major strike against Athens' crisis-driven austerity plan.
Kansas House panel reviews tax credit reform (AP)
AP - A Kansas House committee considered a proposal Tuesday that would eliminate some seldom-used income tax credits and improve efficiency within the Department of Revenue.
Greece hikes pension age, calls on strikers to accept bonus cuts (AFP)
AFP - Greece's government on Tuesday unveiled a hike in the average retirement age and called on striking civil servants to accept bonus cuts to pull the country out of an unprecedented financial crisis.
New report: Consumers spent modestly in January (AP)
AP - Americans backed off from holiday spending in January, but retail sales rose for a third month in a row compared with a year earlier, largely because of gas price hikes, according to figures released Wednesday by a key data service.
USVI issues warrant for missing real estate agent (AP)
AP - Dozens of irate clients in the U.S. Virgin Islands are scrambling to recover at least $2.5 million from a missing real estate agent who is a mother of six.
Oil below $74 as OPEC trims demand growth forecast (Reuters)
Reuters - Oil dipped below $74 in choppy trade on Wednesday after OPEC trimmed its 2010 global demand growth forecast.
Honda expands airbag recall as more Toyotas probed (Reuters)
Reuters - Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis.
Darrell Issa, Tim Geithner's Tormentor (BusinessWeek)
BusinessWeek - Since Newt Gingrich's 1994 Republican Revolution, House Republicans have been the self-appointed brawlers of the federal government -- fighting for their beliefs, sure, but also sometimes for sport. After a 2008 pummeling, the GOP lost 21 House seats and also its enthusiasm for an old-fashioned scrap.



