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Group 1 quarterly revenue rises

Group 1 Automotive Inc posted a quarterly operating profit and its first increase in same-store sales in years, the U.S. auto dealership group said on Thursday.

Technical setbacks hamper Iran nuclear program: report

Iran is experiencing surprising setbacks in its efforts to enrich uranium, and assessments suggest equipment failures and other difficulties could undermine its effort to ramp up its nuclear program, The Washington Post reported on Thursday.

Viacom profit beats expectations, sales slip

Viacom Inc's quarterly profit blazed past expectations, as holiday sales of hit DVDs like Star Trek and Transformers 2 helped make up for another three months of depressed advertising revenue.

U.S. stocks dip; still no definitive Greece bailout plan

U.S. stocks edged lower in morning trading on Thursday as European leaders today still have not yet confirmed a specific plan to bailout Greece.

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Lawmaker invites Toyota president to Washington

A Republican lawmaker said on Wednesday he is inviting Toyota Motor Corp President Akio Toyoda to meet members of Congress the week of February 22, but the automaker said the executive's travel plans had not been determined yet.

China CPI inflation slows but lending brisk

Chinese consumer inflation unexpectedly slowed last month, but a leap in lending and a rise in factory-gate inflation will keep policymakers alert to the risk of credit-fueled overheating in the world's third-largest economy.

AutoNation reports earnings beat, Toyota progress

AutoNation Inc , the largest U.S. auto dealership group, on Thursday posted quarterly results that exceeded analysts' expectations and said Toyota Motor Corp was making progress in its repair program.

Swiss minister says U.S. insists on UBS tax deal: report

The Swiss government will probably have to turn to parliament to resolve a legal impasse threatening a deal struck with the U.S. to hand over data from UBS clients, a minister was quoted as saying.

How the poor can get poorer, and be OK about that

Moody's upgraded the outlook for Lithuania's debt rating recently, but that means nothing to people like Lijandra Garniene.

Stock futures rise on Greece deal as jobs data in focus

Stock index futures rose on Thursday as key euro zone officials struck a deal to help Greece with its debt crisis, while investors awaited data on the health of the labor market.

Big banks lined up for $10 billion AIA IPO: sources

American International Group has lined up all the major investment banks to underwrite the public listing of its Asian life insurance unit, in what may be Hong Kong's biggest IPO since 2006, banking sources said.

AutoNation quarterly earnings exceed expectations

U.S. starts clean-up after record blizzards

The U.S. Northeast began to clean up after two blizzards in a week brought the region to a standstill with record snowfalls, leaving thousands without power and creating a multimillion-dollar mess.

Sanctions stay until North Korea talks: South, Japan

Sanctions on North Korea will not be removed until Pyongyang returns to disarmament talks and takes serious steps toward scrapping its nuclear arms program, the foreign ministers of South Korea and Japan said on Thursday.

Credit Suisse says at strongest since crisis hit

Credit Suisse boss Brady Dougan said the Swiss bank was winning client money and transactions faster than at any point since the financial crisis began, putting a positive sheen on weak quarterly earnings.

Stock futures up with Greece, jobs data in focus

Stock index futures rose on Thursday with the spotlight on a European summit that could set the blueprint for aid to debt-laden Greece, while investors awaited data on the health of the labor market.

Lenders more willing to own bankrupt firms

U.S. lenders are becoming increasingly willing to take over bankrupt borrowers --- a significant shift from last year, when companies like Chrysler and Eddie Bauer were pushed to a quick sale.

Foreclosures drop in Jan but more loom

Mortgage foreclosure filings dropped in January but the decline may prove only temporary as housing-rescue efforts fall short of addressing current drivers, a report released on Thursday showed.

Diageo eyes upturn after bonuses, forex weigh in H1

Diageo , the world's biggest spirits group, said markets were starting to recover and should turn around by mid-2010 after higher bonus payments and a minor sterling rally ate into its half-year earnings.

Stocks, euro firmer ahead of EU Greek debate

World stocks hit a one-week high while the euro rose broadly on Thursday as investors looked to European Union leaders to lay the foundations for a financial rescue of Greece at a summit in Brussels.

Credit Suisse profit slows in fourth quarter

Credit Suisse missed forecast by posting its lowest quarterly profit in 2009 as market conditions toughened, but it continued to attract client flows while rival Swiss bank UBS struggled.

Diageo half-year earnings up, sees early recovery signs

Diageo, the world's biggest spirits group, said it was in the early stages of recovery when reporting a 5 percent rise in half-year earnings and keeping its profit growth target for the year.

Euro up ahead of EU summit, Greece rescue eyed

The euro rose on Thursday ahead of a key EU summit that could lay the groundwork for a rescue of debt-stricken Greece, while Asian stocks gained for a third day, powered by strong economic data from Australia and China.

Asia shares up; eyes on EU summit, Greece rescue

Asian stocks rose for the third day in a row on Thursday, powered by strong economic data from Australia and China, while the euro steadied ahead of a key summit that could lay out a rescue plan for debt-stricken Greece.

AIG launches new system for incentive pay

American International Group Inc has launched a new system to determine how employees get incentive pay, a move that follows public outcry over retention payments the bailed-out insurer made to some staff.