U.S. Stocks Gain on Prospects for EU Bailout of Greece; Coca-Cola Advances U.S. stocks rallied, sending the Dow
Jones Industrial Average back above 10,000, as prospects for a
bailout of Greece eased concern that deteriorating government
finances will derail the global economic recovery.
Paulson Tells Buffett U.S. to Get `Every Penny' of Bailout Back From Banks Former Treasury Secretary Henry
Paulson, responding to a question from billionaire Warren
Buffett, said the U.S. government will be repaid in full for the
funds it put into the country’s lenders.
Disney Profit Tops Analysts' Estimates on TV Gains, Stabilizing Parks Unit Walt Disney Co., the world’s biggest
media company, reported fiscal first-quarter profit that beat
analysts’ estimates as TV revenue rose and theme-park results
stabilized.
Terreno IPO Prices on Third Attempt After Size of Offering Reduced by 42% Terreno Realty Corp., the first U.S.
company to postpone an initial public offering this year, raised
$175 million in its third attempt after chopping the amount it
sought to raise by 42 percent.
Toyota Corolla Steering Complaints Are Being Reviewed By U.S. Regulators Toyota Motor Corp.’s Corolla, the
world’s best-selling car, is being reviewed by the U.S. after
driver complaints about steering, according to a government
spokeswoman.
RealNetworks, MTV to Turn Rhapsody Music Service Into Independent Company RealNetworks Inc. and Viacom Inc.’s
MTV Networks plan to turn their jointly operated music service,
Rhapsody America LLC, into an independent company, a move that’s
part of RealNetworks’ effort to offload businesses.
Brazil May Levy Tax on Ore Exports as Lobao Says He `Wants More' From Vale Brazil, the world’s second-biggest
iron-ore exporter, may start taxing shipments of the steelmaking
raw material as it seeks to lure investment in domestic steel
plants, Energy and Mining Minister Edison Lobao said.
Bovespa Jumps Most Since November as Currency Gains, Bank Earnings Surge Brazil stocks rose the most since
November, extending the Bovespa index’s rebound from a three-
month low, as a stronger currency boosted the nation’s biggest
airlines and Itau Unibanco Holding SA said earnings surged.
Pinera's Choice of Larrain as Finance Minister Would Maintain Policies Chilean President-elect Sebastian
Pinera’s choice of Felipe Larrain as Finance Minister will
ensure a degree of continuity with the policies of the current
administration, according to Morgan Stanley’s Luis Arcentales
and Alberto Bernal at Bulltick Capital Markets.
Itau Unibanco Net Rises 72% as Expanding Demand Boosts Loans; Shares Surge Itau Unibanco Holding SA, Brazil’s
biggest bank by market value, said fourth-quarter profit
advanced 72 percent as the recovery in the local economy boosted
demand for loans.
Chavez's Threats to Nationalize Help Contain Venezuelan Consumer Prices Venezuelan consumer prices rose less
than analysts forecast in January after President Hugo Chavez
threatened to seize businesses that raised prices.
Brazil Soy Forecast Raised to 66.7 Million Tons After Rains, Ministry Says Soybean output in Brazil, the world’s
largest grower after the U.S., will rise more than previously
forecast this year as above-average rains help the flowering of
the beans, the Agriculture Ministry said.