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U.S. scrapped more cars than bought new ones

Americans scrapped more automobiles than they bought last year as the ragged economy reduced demand and some major cities expanded mass transit service, according to a new report.

Ford surges as U.S. auto sales end '09 on uptick

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Ford Motor Co posted a 33 percent sales gain for December as U.S. auto sales ended 2009 on an upswing after a tumultuous year that saw GM and Chrysler collapse into bankruptcy and China overtake the United States as the biggest car market.
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Buffett warns Kraft after it sweetens Cadbury bid

Warren Buffett came out against Kraft's $16.8 billion hostile offer for Britain's Cadbury as a threat to shareholder value, undermining the U.S. foodmaker's attempt to woo investors with a sweeter bid.
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Democrats in final push on healthcare overhaul

A final push to deliver a sweeping healthcare overhaul to President Barack Obama begins this week as House of Representatives Democratic leaders prepare for difficult negotiations with the Senate.
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Two U.S. 3D TV networks on the horizon

Two new U.S. 3D television networks were announced on Tuesday as major media firms aim to drive the consumer adoption of 3D televisions to establish new advertising opportunities.
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Tata Motors eyes launching Nano car in U.S.

India's Tata Motors (TAMO.BO) may consider launching its ultra-cheap Nano car in the United States in three years, its chairman said on Tuesday, following possible sales in Europe by the end of 2011.
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Pilgrim's Pride sets layoffs

Pilgrim's Pride Corp , the U.S. chicken producer that recently exited bankruptcy, said on Tuesday that it would eliminate about 230 corporate and administrative positions during the first phase of its integration with Brazilian meat company JBS SA .
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Buffett threatens Kraft's Cadbury bid

Kraft sweetened its $16.8 billion offer for Britain's Cadbury and a potential rival stood aside, but just hours later the U.S. food firm's influential top shareholder threatened to vote against the deal.
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Kraft sweetens Cadbury bid; Buffett weighs in

Kraft sweetened its $16.8 billion offer for Britain's Cadbury and a potential rival stood aside, but just hours later the U.S. food firm's influential top shareholder threatened to vote against the deal.
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US copper gains on weak dlr, manufacturing growth

U.S. copper futures tiptoed into positive territory Tuesday morning, after a steep drop in U.S. pending home sales dragged the dollar down and an increase in factory orders bolstered recovery hopes in the manufacturing sector.
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Dow, Nasdaq dip after housing data, factory orders

The Dow industrials and the Nasdaq slipped on Tuesday as a plunge in November pending home sales gave the market a headwind, though that was offset by another sign of improvement in the manufacturing sector.
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Factory orders rose 1.1 percent in November

New orders at U.S. factories rose 1.1 percent in November in their third straight increase and inventories grew for the second month in a row, according to government data released on Tuesday that showed continuing recovery in manufacturing.
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Exclusive: U.S. business-loan delinquencies rise

Small and medium-sized U.S. businesses seeking to finance capital equipment showed further signs of distress in November as loans more than six months past due rose for the 22nd consecutive month, PayNet Inc reported on Monday.
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Pending home sales tumble 16 percent in November

Pending sales of previously owned U.S. homes fell more than expected in November because of the end of a rush to beat the initial expiration of a popular tax credit, a survey showed on Tuesday.
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S&P, Nasdaq up on strong factory orders

The S&P 500 and the Nasdaq gained on Tuesday as investors welcomed further signs of improvement in the manufacturing sector, brushing off a sharp slump in pending home sales for November.
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FACTBOX: Nokia vs Apple legal battle

Nokia launched another patent case against Apple, in the latest step in an escalating legal battle between two leaders of the smartphone market.
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SCENARIOS: Kraft sweetens Cadbury bid

Kraft Foods sweetened its 10.2 billion pound ($16.43 billion) hostile offer for Cadbury with cash, which may well be enough to land the British group, as long as rivals stay out of the race.
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Report shows U.S. healthcare spending growth slows

U.S. healthcare spending rose at the lowest rate on record in 2008 due to the recession, but still reached $2.3 trillion and devoured 16.2 percent of the U.S. economy, government analysts said in a report on Tuesday.
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Buffett warns Kraft on Cadbury bid

Nestle ruled itself out of a bid war over Cadbury and Kraft sweetened its $16.4 billion offer, but the U.S. food firm's biggest shareholder Warren Buffett warned it not to overpay.

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