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European stocks claw back ground after big losses
European stocks clawed back some ground Tuesday, with Wall Street also expected higher, after a heavy sell-off on Monday, when the World Bank warned that the global economic downturn would be deeper than previously predicted.
Oil volatile around $67 on grim World Bank view
Oil prices were volatile Tuesday, as continued uncertainty about the global economy and demand for crude were partly offset by the weaker dollar, which drew some speculators back to commodities.
AP source: Ford, Nissan, Tesla to get govt loans
The Energy Department is expected to announce Tuesday it is lending money to the Ford Motor Co. and two other automakers from a $25 billion fund to develop fuel-efficient vehicles.
Boston Scientific says heart device study met goal
Boston Scientific says a clinical study shows its heart resynchronization implant devices were better at preventing death or surgery due to heart failure than another popular type of device.
Toyota shareholders OK founder's grandson as head
Toyota shareholders approved the appointment of the company founder's grandson Akio Toyoda as new president Tuesday, hoping that reaching back to the automaker's family roots will help steer the manufacturer out of its worst ever crisis.
Nissan to mass produce electric cars in 2012
Nissan Motor Co. said Tuesday its electric vehicles will be affordable, setting sights on the potentially lucrative market with a plan to mass produce zero-emission cars globally from 2012.
Stock futures up modestly ahead of home sales data
Investors are cautiously upbeat again after Monday's big selloff.
AP source: Indicted billionaire headed to Texas
Billionaire R. Allen Stanford was expected back in Texas on Tuesday to face federal charges he ran a $7 billion swindle with his international banking empire.
Indian outsourcer Mahindra Satyam gets new CEO
Mahindra Satyam, a rebranded Indian outsourcing company nearly brought down in a $1 billion fraud, said Tuesday that C.P. Gurnani, an executive from its new controlling shareholder, has been appointed chief executive.
House Democrats to open hearings on health bill
House Democrats are pushing forward with a partisan health care bill even as a key Senate Democrat labors to achieve an elusive bipartisan compromise on President Barack Obama's top legislative priority.