Money & Business - Tuesday, 9th February 2010 
 | Nokia to defend US lawsuit | | | Mobile-phone giant Nokia has indicated it will defend allegations made in the US that it committed securities fraud by concealing information about production delays and price cuts. |
| Nissan to stay open in Spain | | | Japanese carmaker Nissan has it will not close its Avila plant in Spain, although it will run at less than 50 percent capacity for at least three years. |
| IMF man predicts bad times for Britain | | | An ex-IMF chief economist, Simon Johnson, has told the BBC he believes the UK should be seen as being akin to countries such as Greece and Spain, which are facing severe debt problems. |
| Tui Travel says the worst could be over | | | Europe's biggest tour operator, believes the worst could be over as it reported an improvement in trading.The company said second quarter trading was better than the first quarter, and it was... |
| China increases hold over car market | | | China widened its lead over the US as the world's biggest auto market in January, with passenger car sales more than doubling to 1.32m vehicles, an industry group reported today.Spurred by tax cuts... |
| Rightmove rises after bumper January | | | ... has sent its shares higher - because the property website has warned profits for 2010 will be higher than expected.The company has not even announced its figures for the year to 2009 yet... |
| Microsoft updates ASP web apps tool | | | IT Jobs section with hundreds of jobs ! Current job listings are now available for Software Developers, Web Developers, Application Engineers, Project Managers, Graduate opportunities and more. |
| General Motors Axes Over 500 Vauxhall Jobs | | | The US car giant is axing 154 administrative jobs on top of anticipated cuts at one of its manufacturing plants. But the figure of 369 job losses at its van-making factory in Luton is slightly... |
| Head Of City Watchdog FSA Stands Down | | | Chief executive Hector Sants is to stand down in summer 2010, the regulator said, adding that it would announce the process for replacing him in due course. The former investment banker had been... |
| Big Freeze Puts Skids On Housing Market | | | While many areas of the market underperformed during the month, sales of tinned food, shovels, coats and electric blankets boomed as Britons prepared to be snowed in. Internet retailers also made... |
| Centene Corp. Fourth-quarter Profit Up 10.7% | | | Managed health-care provider Centene Corp. on Tuesday said fourth-quarter net earnings rose to $23.7 million, or 53 cents a share, from $21.4 million, or 49 cents a share, in the same... |
| To Curb Land Speculation By Property Firms | | | China will curb land speculation by property companies this year, to help ensure healthy and stable development in the property sector, Minister of Land and Resources Xu... |
| Cognizant Profit Grows 28% | | | Cognizant Technology Solutions Corp. said Tuesday that its fourth-quarter net profit rose 28% to $144 million, or 47 cents a share, from $112.3 million, or 38 cents a share, a year... |
| Coventry Health Profit Up As Rates Climb | | | Coventry Health Care said its fourth-quarter profit rose to $109.1 million, or 74 cents a share, from $88.2 million, or 60 cents a share, as revenue rose to $3.24 billion from $2.86... |
| Fitch Affirms Canton Of Zurich 'AAA' | | | Fitch Ratings-London/Frankfurt/Paris-09 Fitch Ratings has today affirmed the Canton of Zurich's (Zurich) Long-term foreign and local currency ratings at 'AAA', respectively, and its... |
| Not Much Worried About Recent Stock Falls | | | Japan's Finance Minister Naoto Kan said Tuesday that he isn't concerned about recent stock falls, as they have been triggered by overseas factors such as sovereign debt concerns... |
| Toyota Prius Recall Extended Worldwide | | | Toyota Motor Corp.'s new Prius hybrid model, which is called 2010 Prius in the U.S., is displayed at the Toyota museum in Toyota, central Japan, Feb. 6, 2010. |
| Futures point to higher open on Wall Street | | | U.S. stocks futures rose on Tuesday, pointing to a higher start for Wall Street after sharp falls in the previous session, but with some caution expected to persist over euro zone debt concerns. *... |
| Opel plans 11bn euro investment | | | General Motors' Opel unit will invest 11bn euros ($15bn; £9.7bn) "in a new product offensive" over the next five years, the carmaker has said.The investment forms part of a plan... |
| Warning on sending money overseas | | | People transferring money abroad should only use services authorised or registered with the Financial Services Authority, the regulator has warned.People in the UK send about £6bn a year... |
| Boots signs Mothercare deal | | | Boots already sells toys from the Early Learning Centre, owned by Mothercare Photograph: Sarah Lee A range of children's clothing and accessories is to be sold in Boots after the pharmacy chain... |
| Nissan returns to profit thanks to China sales | | | Japan 's third biggest carmaker said its net profit totalled ¥44.9bn (£322m) between October and December, compared with an ¥83.1b loss a year earlier.It now expects profits of ¥35bn for the year... |
| BG sparks up on bid talk | | | BG - which was under pressure yesterday after a downgrade from Barclays Capital - has seen its shares rise 12.5p to £11.07 on the tale, while BHP is 32.5p better at 1889.5p. BHP could probably... |
| No Reason To Believe Any Bank Employees Stole Data | | | UBS ) Chief Executive said Tuesday the Swiss bank doesn't believe any of its employees have stolen and passed on confidential client data. "We have no reason to believe our employees delivered data... |
| Nissan reports return to profit | | | Japanese carmaker Nissan has reported a return to profit for the last three months of 2009.The company made a profit of 45bn yen ($500m, £320m) in the October to December period, compared with... |
| Outotec Q4 earnings miss forecast | | | Quote ) reported fourth-quarter earning below market expectations, hit by weak sales across its units, and said it would cut 170 jobs to counter a challenging 2010. "Due to the post-cyclical nature... |
| Lloyds and RBS 'failing to lend' | | | Royal Bank of Scotland and Lloyds Banking Group have been criticised by a committee of MPs for failing to lend enough to homeowners and businesses.The Committee of Public Accounts said the two... |
| Goldman Cuts Greek And Italian Banks To Sell | | | National Bank of Greece and Greek Postal Savings Bank were cut from neutral to sell on Tuesday at Goldman Sachs, which also cut Italian banks Banca Monte dei Paschi di Siena , Banco... |
| Nissan returns to Q3 profit, lifts forecast | | | Nissan Motor Co, Japan's No.3 carmaker, said it returned to profit in the third quarter from a year earlier and lifted its outlook for the second time this financial year, buoyed by brisk sales... |
| Is Proprietary Trading Too Wild for Wall Street | | | Back in 2006, Lawrence McDonald, a former Lehman Brothers bond trader, remembers, he asked an intern what he was doing during the winter break at the now bankrupt investment bank. The intern, who was... |
| Recall dulls Toyota's image | | | Akio Toyoda took over as CEO of Toyota only last summer There is a deep shine of pride and dedication in the black paintwork on the replica 1936 Toyota which sits boldly on its plinth at the... |
| Lloyds and RBS 'failing to lend' | | | Royal Bank of Scotland and Lloyds Banking Group have been criticised by a committee of MPs for failing to lend enough to homeowners and businesses.The Committee of Public Accounts said the two... |
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