The Standard & Poor’s 500 Index climbed to its highest level of the session
after Olli Rehn, who takes over as EU economic affairs commissioner tomorrow,
said support for Greece will be discussed in coming days. Freeport-McMoRan
Copper & Gold Inc. and ConocoPhillips rose at least 2.7 percent as
The bank fell 5.4 percent in Swiss trading after saying net redemptions at its
wealth management units increased to 45.2 billion francs ($42.3 billion) from
26.6 billion francs in the previous three months. Analysts surveyed by
Bloomberg had estimated 17.5 billion francs in outflows. UBS,
“You have to do the necessary measures in order for us to support you,” said
Olli Rehn, who takes over as European economic affairs commissioner tomorrow,
in an interview in Strasbourg, France today. “This will be further discussed in
the coming days. We are talking about support in
The storms, which may also dump 8 to 13 inches on New York and Long Island,
will be accompanied by cold and winds gusting from 35 to 55 mph (56 to 88 kph)
in the Northeast, forecasters said. The National Weather Service urged people
not to travel except for emergencies. “Unfortunately,
Toyota Prius owners will soon be contacted as part of a recall to fix the
brakes of the world's most popular hybrid car. Toyota is pulling from the road
2378 Priuses that have been sold in Australia since July 2009. Worldwide,
400,000 Priuses are being recalled in Japan, the United
The 0.8 percent decrease in stockpiles followed a revised 1.6 percent gain in
November that was the largest since July 2004, figures from the Commerce
Department showed today in Washington. Sales climbed 0.8 percent. A record
inventory drawdown last year has opened the door for
The 0.8 percent decrease in stockpiles followed a revised 1.6 percent gain in
November that was the largest since July 2004, figures from the Commerce
Department showed today in Washington. Sales climbed 0.8 percent. A record
inventory drawdown last year has opened the door for
European Commission President Jose Barroso won approval for a team that
features Olli Rehn as economy commissioner, Michel Barnier as
financial-services chief and Joaquin Almunia as head of competition. The
European Parliament gave its backing today in Strasbourg, France, amid
Talks snagged on financing and document details, said one of the people, who
asked not to be identified disclosing private matters. Ford Chief Financial
Officer Lewis Booth didn’t go to London for a signing last weekend, as parties
hoped, and is busy preparing for a Feb. 10 board
By Chris Fournier The loonie advanced against 7 of its 16 most-traded
counterparts tracked by Bloomberg, while the New Zealand and Australian dollars
were the best-performing major currencies. The U.S. dollar and yen weakened on
speculation Europe will help Greece contain its budget
The bank fell 5.4 percent in Swiss trading after saying net redemptions at its
wealth management units increased to 45.2 billion francs ($42.3 billion) from
26.6 billion francs in the previous three months. Analysts surveyed by
Bloomberg had estimated 17.5 billion francs in outflows. UBS,
