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 by 42 percent.
Toyota Seeks to Dismiss Consumer Suit Alleging Electronic Throttle Defects Toyota Motor Corp., facing at least
41 class-action lawsuits over sudden acceleration problems,
asked a court to throw out the first of those cases, saying the
plaintiffs have no basis to sue.
Madison Williams Hires Five From Oppenheimer to Expand U.S. Equity Trading Madison Williams & Co., an investment
bank spun off from Sanders Morris Harris Group Inc. in December,
hired five former Oppenheimer Holdings Inc. employees to expand
trading in New York and Connecticut and in industries such as
health care.
Brazil May Invest $11 Billion to Revive Telebras, Slash Broadband Prices Brazil may invest up to 20 billion
reais ($11 billion) to revive state-owned telephone company
Telecomunicacoes Brasileiras SA and increase competition by
offering broadband services for half the price charged by local
carriers, an official said.
Ecuador May Buy Power Plant from Noble as State Increases Industry Control Ecuador said it may buy a power
plant from Noble Energy Inc. as the government broadens state
control of domestic energy production.
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.