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Yahoo! News: Business News
Ryanair to put $140 million in Lithuanian hub (AP)
AP - Budget airline Ryanair will establish a major hub in the Lithuanian city of Kaunas, its first in Central and Eastern Europe, the company's chief executive announced Tuesday.
Toyota recalls 437,000 Priuses, hybrids globally (AP)

In this June 5, 2009 photo, workers give the final check on newly assembled new 2010 Prius hybrid vehicles at Toyota Tsutsumi Plant in Toyota, central Japan. Toyota Motor Corp. is recalling nearly 200,000 of its signature Prius green cars in Japan for braking problems, the latest in a string of embarrassing safety lapses at the world's largest automaker. Toyota president Akio Toyoda will hold a news conference at the automaker's Tokyo office later Tuesday, Feb. 9, 2010 to outline details of the braking problem, including plans for a possible recall in the U.S., a company official told The Associated Press. (AP Photo/Shizuo Kambayashi)AP - Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems — the latest in a string of embarrassing safety lapses at the world's largest automaker.


Japan Airlines rejects Delta, stays with American (AP)

In this Jan. 14, 2010 photo, a Japan Airlines airplane with a sign reading: 'oneworld' takes off from Haneda International Airport in Tokyo, Japan. Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines. The Japanese carrier said in a statement Tuesday, Feb. 9, 2010 it will strengthen its partnership with American and the two airlines will jointly ask the U.S. and Japanese governments for antitrust immunity on trans-Pacific routes. (AP Photo/Koji Sasahara)AP - Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines.


European stocks up cautiously on hopes for Greece (AP)

A man walks past a screen showing falling stocks at the Athens Stock Exchange, in red, in Greece on Monday, Feb. 8, 2010. Stocks traded mixed Monday as investors remained wary about the strength of the economic recovery and mounting debt in Europe. (AP Photo/Petros Giannakouris)AP - European stocks rose cautiously Tuesday on hopes that EU officials will provide Greece with some form of support to handle its mountain of debt and keep the market crisis from spreading to other vulnerable countries.


UBS makes Q4 profit, but withdrawals continue (AP)
AP - Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts' expectations partly thanks to a tax credit, but said rich clients' withdrawals had continued.
Oil above $72 in Asia amid weakening dollar (AP)

A map of northern Europe showing the route of the planned South Stream and Nabucco gas pipelines. Serbia's state-run gas company and Russia's Gazprom on Friday founded a joint venture to manage an underground gas storage as a part of future South Stream pipeline through the Balkan republic, Beta news agency reported.(AFP/Graphic)AP - Oil prices rose above $72 a barrel Tuesday in Asia as a weakening U.S. dollar offset concerns about the strength of the global economic recovery.


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