UNITED STATES

Facebook execs gear up political influence arm

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Preparing to join the ranks of publicly traded companies, Facebook Inc is also beefing up its presence in the U.S. capital with a first report of money pouring into its newly created political fundraising arm.

Auto sales in Jan show unusual strength

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Major automakers reported a nearly 12 percent gain in U.S. sales in January, a surprisingly strong showing driven by the growing need for American drivers to replace aging cars and trucks.
Sony TV

Sony TV: Can CEO Kazuo Hirai Save The Sinking Ship?

After four consecutive years of losses, Sony Corp. is replacing chief executive officer Howard Stringer with the head of the company's consumer electronics business, Kazuo Hirai. He'll become Sony's youngest CEO ever as he tries to prop up the deflated brand equity of Sony.
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Ron Paul Supporter Sues Gingrich For Assault and Battery

Rick Tyler: Gingrich Backer Airs 'Black Genocide' Theory on MSNBC [VIDEO]

Tyler, a senior strategist for super PAC Winning Our Future and a former Gingrich aide, accused MSNBC of race baiting on Tuesday, and the Democratic Party of failing the black community on economic and social issues. But when Rachel Maddow and Rev. Al Sharpton challenged his argument, Tyler ended up playing into one of the most racially charged conspiracy theories out there: the Black Genocide theory.
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AMR Corp may cut up to 14,000 jobs to trim costs

AMR Corp, the bankrupt parent of American Airlines, may slash between 12,000 and 14,000 jobs as part of a bankruptcy cost-cutting strategy the carrier says is necessary to compete with rivals.
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Wall Street rises on factory data, Greece

Stocks extended January's rally, climbing more than 1 percent on Wednesday after upbeat global manufacturing data and as Greece neared a long-delayed deal with private creditors.
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AMR Corp wants to slash thousands of jobs

AMR Corp, the bankrupt parent of American Airlines, may slash between 12,000 and 14,000 jobs as part of a bankruptcy cost-cutting strategy the carrier says is necessary to compete with rivals.
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Google defends change to privacy policies

Planned changes to Google Inc's privacy policies that have caught the attention of U.S. lawmakers would not take away the control its customers have over how data is collected and used, the company said in a blog post on Tuesday
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Senate panel to look at Verizon spectrum deals

A Senate antitrust panel is planning a hearing to discuss Verizon Wireless's multibillion dollar deals to buy wireless airwaves from cable operators and let them resell its mobile service, a spokeswoman said on Wednesday.
Esprit

Esprit Closing North American Stores

Struggling clothing retailer Esprit Holdings will be closing all of its stores and possibly close all of its outlets in the United States if a last-second partner does not materialize.
A pair of housing units are shown for sale in San Francisco

Mortgage Deal Would Give States Enforcement Power

A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
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Ford, Chrysler Jan U.S. sales jump; GM slips

Chrysler Group LLC posted a 44 percent rise in U.S. auto sales in January, led by gains for its Jeep brand, while its largest rival General Motors Co lost ground in a month marked by modest growth.
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Wall Street climbs on factory data, Greece

Stocks extended January's rally, climbing more than 1 percent, on Wednesday after upbeat global manufacturing data and as Greece neared a long-delayed deal on its debt.
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Ukraine government websites attacked after piracy crackdown

The websites of Ukrainian President Viktor Yanukovich and the former Soviet republic's interior ministry were put out of action on Wednesday as disgruntled Internet users hit back at the government after it shut down a popular file sharing site.

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