Would-be Cabinet secretary named to deficit panel (AP)

March 12, 2010 by Yahoo! News: Business News  
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AP - A Republican senator whom Barack Obama once tried to make his secretary of commerce will be among the members of Congress to serve on the president's deficit commission.

2 electric utilities in Maine to merge (AP)

March 12, 2010 by Yahoo! News: Business News  
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AP - Two of Maine's larger electric utilities would merge under an agreement announced Friday, creating a greater impetus for a north-south power transmission line for wind farms.

Optimer Pharma reports narrower 4th-quarter loss (AP)

March 12, 2010 by Yahoo! News: Business News  
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AP - Optimer Pharmaceuticals Inc. narrowed its loss in the fourth quarter as expenses declined, the company said.

Wall St barely budges after mixed economic data (Reuters)

March 12, 2010 by Yahoo! News: Stock Markets News  
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The Wall Street sign is seen in front of the New York Stock Exchange, October 8, 2009 file photo. REUTERS/Chip EastReuters - U.S. stocks stayed steady on Friday as data showing retail sales rose unexpectedly last month was offset by weaker consumer sentiment, sending mixed signals about the economic outlook.


UBS warns US deal flop could hurt other Swiss banks (AFP)

March 12, 2010 by Yahoo! News: Business News  
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The UBS Park Avenue building in New York. Swiss bank UBS is pressing Swiss lawmakers to endorse a deal settling tax evasion litigation with the United States, warning that 20 other Swiss banks could be targeted if it fell through.(AFP/File/Timothy A. Clary)AFP - Swiss bank UBS is pressing Swiss lawmakers to endorse a deal settling tax evasion litigation with the United States, warning that 20 other Swiss banks could be targeted if it fell through.


Nokia revises 2009 market share down to 34 pct (AP)

March 12, 2010 by Yahoo! News: Business News  
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AP - Nokia Corp. on Friday revised its global market share estimate for mobile phones in 2009 to 34 percent, from an earlier 38 percent, and said it expected no growth this year.

EU ministers to map out Greek rescue plan (AFP)

March 12, 2010 by Yahoo! News: Business - European Economy  
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A group of striking policemen hold a large banner as they march in Athens on March 11.(AFP/File/Louisa Gouliamaki)AFP - Detailed options for concrete European-level financial support to help Greece out of its debt crisis will be presented to eurozone finance ministers next week, sources said Friday.


CF seals $4.7 billion deal for Terra (AP)

March 12, 2010 by Yahoo! News: Business News  
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AP - After more than a year of bids and counterbids, CF Industries landed Terra Industries on Friday for $4.7 billion in a deal that will create one of the world's largest fertilizer companies.

Stocks trade flat after mixed economic reports (AP)

March 12, 2010 by Yahoo! News: Stock Markets News  
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The Wall Street sign is seen in front of the New York Stock Exchange, October 8, 2009 file photo. REUTERS/Chip EastAP - Stocks shuttled in a tight range Friday after mixed reports on retail sales and business inventories gave investors little new insight into the economy.


Toyota hit by California lawsuit (Reuters)

March 12, 2010 by Yahoo! News: Business News  
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A Toyota gas pedal assembly and other parts required to correct the occurrence of sticking accelerator pedals on some 270,000 recalled vehicles are shown during a news conference in Toronto, February 22, 2010. REUTERS/Mike CasseseReuters - Toyota Motor Corp was hit by a planned lawsuit by California prosecutors on Friday over vehicle defects and by renewed political pressure to cooperate with investigators on cases of runaway cars.


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