IBT Staff Reporter

Japanese electronics conglomerate Panasonic Corp named Kazuhiro Tsuga, the head of its loss-making TV business, as its new president as the company heads for a record annual loss.

Wayin, the new social media venture backed by Sun Microsystems founder Scott McNealy, announced it has raised $14 million in Series B funding from U.S. Venture Partners.

Texas Instruments is working with makers of medical devices and sports accessories to develop new types of energy-efficient products, according to an executive at the company.

Price comparison website Moneysupermarket.com Group PLC said its full-year profit more than doubled as more consumers used its online services, boosting performance particularly in the company's insurance and money segments.

Barclays Plc said it was the bank at the centre of a clampdown by Britain on two tax avoidance schemes that the government said would close loopholes and raise more than 500 million pounds ($792 million) in tax.

The euro zone's 17 leaders will meet briefly during a summit of all 27 EU leaders on Thursday to reelect Herman Van Rompuy as president of the European Council, EU diplomats said on Tuesday.

The European Central Bank said on Tuesday it was temporarily suspending the eligibility of Greek bonds for use as collateral in its funding operations and that national central banks would have to provide banks with liquidity using an emergency measure.

Germany's top court will decide on Tuesday whether a small parliamentary sub-committee can approve future aid to ailing euro zone countries such as Greece, in a ruling that could hamper Berlin's ability to act swiftly in the debt crisis.

Volkswagen chief executive Martin Winterkorn squeezes his bulky frame behind the wheel of the new Honda Civic and takes out a tape measure - part of a forensic, and very public, inspection of the five-door compact at last September's Frankfurt car show.

NASCAR driver Brad Keselowski caused an online stir during Monday's delayed Daytona 500 race by tweeting from his car and picking up over 100,000 Twitter followers in the process.

Panasonic Corp <6752.T> said on Tuesday it would replace its president after the Japanese electronics maker earlier this month forecast a record loss, hammered by restructuring charges and its ailing TV business.

McDonald's Corp , the world's biggest hamburger chain said it plans to increase the number of franchised stores in China as it ramps up expansion in one of the world's fastest-growing consumer markets.

Hollywood is helping London developers weather the financial crisis by turning empty offices into film sets, providing cash and publicity for landlords struggling to fill buildings with tenants because of the uncertain economic outlook.

The Big Four global audit firms, which dominate the Chinese market, are negotiating with Beijing to lessen the impact of forced changes that could mean only accountants with Chinese qualifications can be partners in their audit practices.

The Big Four global audit firms, which dominate the Chinese market, are negotiating with Beijing to lessen the impact of forced changes that could mean only accountants with Chinese qualifications can be partners in their audit practices.

Bank of America Corp's head of global markets financing and futures in Asia-Pacific, Brian Canniffe, has left the company, according to an internal memo seen by Reuters.

HSBC Holdings Plc said on Monday it will likely face criminal or civil charges from an expanding investigation into its ties to allegedly illegal money transactions, including some tied to Iran.

Virtual boxing, tennis and dancing along with video game systems may not be helping children meet daily exercise requirements, according to a U.S. study.

Morgan Stanley said it will have to post another $6.52 billion in collateral to counterparties and clearinghouses if Moody's follows through on a warning that it might cut the Wall Street bank's long-term debt rating by up to three notches.

Morgan Stanley said it will have to post another $6.52 billion in collateral to counterparties and clearinghouses if Moody's follows through on a warning that it might cut the Wall Street bank's long-term debt rating by up to three notches.

Bank of America Corp won a victory when a U.S. appeals court ruled that a proposed $8.5 billion settlement with investors in mortgage-backed securities should be reviewed in New York state court, not federal court.

Dell Inc launched a new line of servers for enterprise customers, boosting its corporate business unit and shifting its focus further away from consumers, who are increasingly choosing such devices as Apple Inc's iPad.

Bloomberg LP revamped its market data service on Monday in an effort to make its flagship terminal more intuitive and simpler to use for financial clients who have seen their budgets slashed in recent years.

German Chancellor Angela Merkel scraped through a parliamentary vote endorsing a second bailout for Greece on Monday but faced a growing backbench revolt against pouring in more money in support of the euro zone.

The anti-secrecy group WikiLeaks began publishing on Monday more than 5 million emails from a U.S.-based global security analysis company that has been likened to a shadow CIA.

The benchmark S&P 500 closed at its highest level since mid-2008 on Monday, extending gains for a third session as oil prices retreated after a recent rally and data showed further improvement in the U.S. housing market.

U.S. households continued to shave debt in the fourth quarter as mortgage balances declined, while there were tentative signs Americans are increasingly willing to spend, according to a report released on Monday by the New York Federal Reserve.

U.S. households continued to shave debt in the fourth quarter as mortgage balances declined, while there were tentative signs Americans are increasingly willing to spend, according to a report released on Monday by the New York Federal Reserve.

Mobile operator Vodafone has offered to join forces with rival firms to share the 30 billion euro ($40 billion) bill to build out new superfast fiber networks in Europe, in a sign of the increasing demands being placed on operators.