IBT Staff Reporter

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Nissan Leaf voted 2011 European Car of the Year

Nissan Motor Co.'s zero emission vehicle and the 100 percent electric car Nissan Leaf was awarded the title of European Car of the Year for 2011. Leaf, thus, becomes the first all-electric car to take the prestigious title.

Stocks rise on U.S. recovery signs but wary of job

The dollar steadied on Friday and stocks edged higher ahead of payroll data that could show more evidence of a strengthening U.S. recovery and give investors a reason to push more money into riskier assets.

ECB's Trichet: EU policy, funds must be up to task

Europe's reaction to the fiscal crisis and the stabilization fund set up to deal with it must be commensurate to the problems involved, European Central Bank President Jean-Claude Trichet said on Friday.

Authorities scan healthcare deals: report

Trading activity around a number of healthcare deals is being examined by the U.S. authorities as part of investigations into suspected insider trading by certain hedge fund players, the Wall Street Journal said, citing people familiar with the matter.

China announces shift to prudent monetary policy

China will switch to a prudent monetary policy from a moderately loose stance, the Communist Party's top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls, the state Xinhua news agency reported on Friday.

U.S. dollar, stocks poised to gain on jobs recovery

The U.S. dollar was steady on Friday ahead of payrolls data for November that could show more evidence of a strengthening recovery and give investors a reason to push benchmark U.S. Treasury yields above 3 percent and put more money in equities.

Qantas pilots saved crippled Airbus, investigator says

Pilots of a crippled Qantas Airbus A380 superjumbo struggled with more than a dozen system errors after an engine blew apart on Nov 4 and landed the plane in Singapore with barely any runway to spare, an Australian investigation showed.

Payrolls seen up in November and jobless rate steady

The U.S. economy probably recorded a second month of solid job gains in November, which would bolster views the labor market is improving even though the activity is not enough yet to lower the unemployment rate.

Amazon invests in coupon company LivingSocial

Amazon.com Inc is investing $175 million in online coupon company LivingSocial, a preemptive strike against Google Inc which a source has said is looking to buy Groupon, another coupon provider.

Android, iPhone Battle For Smartphone Market

A report from Nielsen shows that in the smartphone market, it's a battle between Android and iPhone for many users, with Blackberry holding its own but in danger of losing its traditional dominance.

Qantas claims Rolls-Royce breached A380 engine contract

Qantas Airways is claiming damages from engine maker Rolls-Royce over faulty Airbus A380 engines and loss of business, as investigators concluded a design fault was the likely cause of a mid-air engine failure on an Airbus A380 last month.

Senate to take symbolic votes on taxes Saturday

The Senate will vote on two Democratic options to extend some Bush-era tax cuts on Saturday, its Democratic leader said, measures likely to fail but highlight deep ideological divisions between the parties.

Jet suppliers cite potential gain from Airbus move

Aircraft suppliers Rockwell Collins Inc and Goodrich Corp said on Thursday they could gain new business as a result of this week's announcement that EADS unit Airbus would upgrade its A320 plane with better engines that offer 15 percent fuel savings.

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