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BofA TARP payment splits analysts

Reports that Bank of America Corp (BAC.N) is in talks with the U.S. Treasury to repay $20 billion of its federal bailout was met by the market with joy -- and a little skepticism.

Internet providers seek low broadband bar

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The biggest U.S. Internet service providers urged regulators to adopt a conservative definition of broadband, arguing for minimum speeds that were substantially below many other nations.
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Aerobatics, fireworks as Gaddafi's Libya turns 40

Italian aerobatic jets, paragliders with fireworks, dancers and an equestrian fantasia electrified Tripoli on Tuesday night when Libya marked 40 years since a bloodless coup brought Muammar Gaddafi to power.
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Take-Two posts smaller-than-expected loss

Take-Two Interactive Software Inc reported a slightly smaller-than-expected quarterly loss and topped revenue forecasts, but tempered its outlook for the current quarter, and the video game publisher's shares dipped slightly in extended trading.
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Toyota raising output to ease tight US inventories

Toyota Motor Corp plans to raise production of its Tacoma and Tundra pickups to meet expected demand for trucks, and increase production of fuel-efficient vehicles through the end of the year, executives said on Tuesday.
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OzForex Daily Commentary

The Australian Dollar opens sharply lower on Wednesday at 0.8260 after the Reserve Bank of Australia left interest rates unchanged at 3 per cent.
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Ecuador probes Chevron bribe charge against judge

Ecuadorean authorities said on Tuesday they were looking into accusations by Chevron Corp that the judge involved in a $27 billion environmental lawsuit against the U.S. oil company is guilty of misconduct and involvement in a bribery scheme.
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Khosla raises $1 bln for renewables, clean tech

Khosla Ventures said on Tuesday it had raised more than $1 billion for renewable energy and clean technology funds, a sign that skittish investors are hot for climate-change-related projects.
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Toyota raising output to ease tight U.S. inventories

Toyota Motor Corp plans to raise production of its Tacoma and Tundra pickups to meet expected demand for trucks, and increase production of fuel-efficient vehicles through the end of the year, executives said on Tuesday.
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Daily Wrap Up - September 1 Tech

Ebay, the US online auction group, agreed to unload 65 per cent of its Skype internet calling service to a group of private investors for $2bn in cash and debt.
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Wall Street slides on anxiety over banks' health

U.S. stocks fell for a third straight day on Tuesday, spooked by uncertainty over the health of banks and concerns that the explosive rally since March may have run ahead of economic reality.
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U.S. Aug auto sales boom but clunker hangover looms

U.S. auto sales boomed in August as $3 billion in government incentives spurred sharp gains for Hyundai Motor Co, Ford Motor Co and Honda Motor Co and left the industry facing shortages of top-selling vehicles.
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GE exec sees another 12-18 tough months ahead

General Electric Co expects conditions in most of its core markets to remain challenging for the next 12 to 18 months, a top executive of the largest U.S. conglomerate said on Tuesday.
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Foreclosures, unemployment sap Florida economy

Florida's economy is shrinking in another crippling blow to the housing market of the state, which leads the United States in foreclosures and is grappling with record levels of unemployment.
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U.S. factory, home sales data signal recovery

The U.S. manufacturing sector grew for the first time in 19 months in August and home sales contracts hit a two-year high in July, more evidence the economy was pulling out of the worst recession in 70 years, reports on Tuesday showed.
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RHJ raises stakes in Opel poker with sweetened bid

Belgian finance investor RHJ International (RHJI.BR) raised the stakes in the ongoing bidding war with rival Magna (MGa.TO) for GM's GM.UL Opel unit, as sources said the U.S. automaker's board was due to discuss the deal.
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As hybrid cars gobble rare metals, shortage looms

The Prius hybrid automobile is popular for its fuel efficiency, but its electric motor and battery guzzle rare earth metals, a little-known class of elements found in a wide range of gadgets and consumer goods.
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Oil falls as investor confidence wanes

Oil prices fell nearly 3 percent to $68 a barrel on Tuesday as economic concerns sent investors into safer havens, outweighing positive U.S. manufacturing and home sales data.
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Chrysler U.S. sales down 15 percent in August: source

Chrysler Group LLC's U.S. sales fell 15 percent to 93,222 units in August due to inventory shortages related to extensive summer shutdowns during its bankruptcy restructuring, a source briefed on the matter said on Tuesday.
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GM U.S. August sales fall 20.2 percent

General Motors Co [GM.UL] posted a 20.2 percent drop in U.S. sales in August from a year earlier, the highest sales of the year, supported by the U.S. government's

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