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Newell shares down on Venezuela hit to '10 profit

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Newell Rubbermaid Inc posted a fourth-quarter profit on cost-cutting and lower raw materials prices, but the maker of Rubbermaid containers and Sharpie pens said the recent devaluation of Venezuela's currency would hurt 2010 results, sending shares down 4 percent.
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Wall St falters as fiscal worry offset data

Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.
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Stocks falter as fiscal worry offsets data

Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.
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Honda sets own recall as Toyota details action

Toyota said its global safety withdrawal would take up to 1.8 million vehicles off Europe's roads and rival Honda announced its own recall, placing the vaunted pedigree of Japan's carmakers under fresh scrutiny.
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Honda recalls 640,000 cars globally

Japanese carmaker Honda Motor Co. announced Friday a voluntary worldwide recall of 646,000 cars following reports of defective parts of their window switch.
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Market advances after strong data, tech results

U.S. stocks rallied on Friday following better-than-expected data on the economy's growth and consumer sentiment, which suggested the recovery is taking hold, as well as stronger results in the tech sector.
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Toyota faces probe; Honda recalls models too

Toyota Motor Corp faced U.S. Congress scrutiny over its biggest ever safety recall as rival Honda Motor Co, tipped to gain from Toyota's woes, also said it would recall thousands of cars worldwide.
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Stocks rise as GDP, consumer data boosts

U.S. stocks rose on Friday after GDP data showed the economy grew at a much faster pace than expected in the fourth quarter, while business activity in the U.S. Midwest hit a four-year high in January.
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U.S. economy growth fastest in 6 years

The U.S. economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest in more than six years, as businesses made less-aggressive cuts to inventories and stepped up spending.
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Blair voices defiance over Iraq war

Former Prime Minister Tony Blair made a defiant defence of the 2003 U.S.-led invasion of Iraq Friday, saying the September 11 attacks in the United States meant Saddam Hussein had to be disarmed or removed.
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Stock market recovers on GDP, retailers lead rally

The US stock market is recovering from its loss yesterday as better than expected Gross Domestic Product for the fourth quarter of 2009 was reported at 8:30 am in New York. The S&P 500 Index is up 6.93 points, or 0.64 percent, to trade at 1,091.46 at 10:01 a.m.
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Toyota faces probe; Honda also recalls models

Toyota Motor Corp faced scrutiny from Congress over its biggest ever safety recall as rival Honda Motor Co, tipped to gain from Toyota's woes, also said it would recall thousands of cars worldwide.
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Autoliv upbeat on Q1 and full year, shares rise

World number one air bag and seatbelt maker Autoliv expects sales will rise strongly this year on demand from China and North America, as it posted above-forecast fourth-quarter earnings, sending its shares higher.
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GM to spend $455 million on Thai expansion

General Motors Corp announced plans on Friday to spend 15 billion baht ($455 million) in Thailand over the next two years, reviving plans for a new diesel-engine plant and retooling existing production lines.

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