ArcelorMittal posts $1.68 billon loss for 2009 - AP - 5 minutes ago
ArcelorMittal SA, the world's largest steel maker, says it had a loss of $1.68 billion for all of 2009, compared to a $12.2 billion profit a year earlier.

Baidu posts jump in 4Q earnings as revenue climbs - AP - 11 minutes ago
Baidu Inc., which operates China's most popular Internet search engine, said its quarterly earnings jumped 48 percent, beating expectations on strong revenue growth.

Japan machinery orders jump 20 percent in December - AP - 16 minutes ago
Japanese machinery orders, a closely watched indicator of future business investment, rose in December for the first time in three months, the government said Wednesday.

Honda adds 437,000 cars to global air bag recall - AP - 21 minutes ago
Honda Motor Co. is adding 437,000 vehicles to its 15-month old global recall for faulty airbags in the latest quality problem to hit a Japanese automaker.

China exports show trade recovery on track - AP - 26 minutes ago
China's export growth accelerated in January and imports rose, adding to signs a recovery in global and Chinese demand is on track.

Toyota starts fixing Priuses recalled in Japan - AP - 33 minutes ago
Prius owners in Japan are rushing to dealers Wednesday, a day after Toyota's president announced a global recall. Instead of screwdrivers and wrenches, what the mechanic is using to tackle the fix is a small laptop-like device that rewrites programming for the brakes.

Oil drops to near $73 amid jump in US supplies - AP - 46 minutes ago
Oil prices fell to near $73 a barrel Wednesday in Asia after a report showing unexpected growth in U.S. crude inventories cast more doubt on the recovery in the world's biggest economy.

Nikkei rises 0.5 percent on hopes of Greece aid plan - Reuters - 56 minutes ago
Japan's Nikkei average rose 0.5 percent on Wednesday, with blue-chip shares that had been sold off on concerns about fiscal stability in Europe regaining ground with news of potential aid for heavily indebted Greece.

Greek unions launch first assault on austerity - AP - 57 minutes ago
Strikes grounded flights and halted government services early Wednesday, as labor unions mounted their first major challenge to austerity measures in debt-plagued Greece.

Energy saving plan worries Venezuela's businesses - AP - 1 hour, 12 minutes ago
President Hugo Chavez's energy saving plan for easing severe electricity shortages will hurt Venezuela's manufacturing sector as the country struggles through a recession, business leaders and analysts say.

New report: Consumers spent modestly in January - AP - 1 hour, 21 minutes ago
Americans backed off from holiday spending in January, but retail sales rose for a third month in a row compared with a year earlier, largely because of gas price hikes, according to figures released Wednesday by a key data service.