Daily Wrap Up - December 30

U.S. panel OKs duties on China steel in record case

A U.S. trade panel gave final approval on Wednesday to duties ranging from about 10 to 16 percent on Chinese-made steel pipe in the biggest U.S. trade case to date against China. See full article.

Related: China steel body says miners want 20-30 pct ore hike

Dutch airport to use full-body scanners on U.S. flights

The major international airport of the Netherlands, the Schiphol Airport, will begin using full-body scanners on passengers flying to the United States, the Dutch interior minister said on Wednesday. See full article.

Related: Wide use of U.S. airport body scanners depends on Obama

Treasury to dole out $3.8 billion to GMAC, raise stake

The Obama administration said on Wednesday it would provide GMAC Financial Services an additional $3.8 billion of government aid, and said it was raising the government's stake in the company to 56 percent from 35 percent. See full article.

AIG executive resigns after pay clash

A top executive at American International Group Inc has resigned because of pay curbs imposed by the Obama Administration's pay czar, the insurer announced on Wednesday. See full article.

Wall St ends a tad higher; Dow, Nasdaq at '09 highs

U.S. stocks ended a smidgen higher in very light trading on Wednesday as a stronger-than-expected report on Midwest U.S. business activity was offset by investors taking profits in some of the year's better performers. See full article.

Nokia's latest patent strike on Apple a risk, but may pay off

Nokia's latest patent strike against Apple underscores the changing dynamics of the cell phone market, with the sector leader no longer holding the whip hand over rivals in terms of product development. See full article.

Google's Nexus One Price Options : $530 Unlocked, $180 With Plan

A day after Google confirmed its Android media event on January 5, more details of the Google smartphone, Nexus One, have been leaked online, including its price details and its network provider. See full article.

Apple wins appeal over alleged iPod hearing loss

A federal appeals court on Wednesday rejected a class-action lawsuit seeking to hold Apple Inc responsible for possible hearing loss caused by using its popular iPod music player. See full article.

News Corp says Fox likely to go off Time Warner Cable

News Corp Chief Operating Officer Chase Carey said on Wednesday that he now expects the company's Fox Networks will not reach a carriage agreement with Time Warner Cable in time to avoid Fox's channels going off the air midnight on Thursday. See full article.