As It Happens

Just last summer the Dow Jones Industrial Average shed 2,000 points in three terrifying weeks. Investors had a host of things to worry about, including the possibility of another recession. Only months later, the index has stormed back.

The plan will be to set Greece's debt back on a sustainable path and provide more bailout funding.

The struggling Finnish phone maker will reduce its work force at plants in Finland, Hungary and Mexico as it seeks to cut costs.

Cisco, the networking-equipment maker, is scheduled to post fiscal second-quarter earnings after the closing bell Wednesday.

European air safety officials are preparing to extend checks for Airbus A380 wing cracks to the entire superjumbo fleet, sources close to the matter told Reuters on Wednesday. The move to inspect all 68 ...

All but one of the first wave of phone hacking cases against Rupert Murdoch's News International have been settled, victims' lawyer told Britain's High Court on Wednesday.The latest settlement brings to ...

China's government promised Wednesday to raise minimum wages by 13 percent a year through 2015 and to launch measures to generate 45 million new jobs.Communist leaders face pressure to spread China's prosperity ...

Nokia Corp. said Wednesday it will end the assembly of cellphones in Europe by year-end as it shifts production to Asia in its latest attempt to cushion its finances from stiff competition in the smartphone ...

Europe's air safety authority is calling for checks on the entire fleet of Airbus A380 superjumbo jets for cracks on parts inside the wings — extending a previous order to check nearly a third of the planes.The ...

CTV.ca
Euro Rises to 7-Week High Versus Yen on Greek Debt-Talk Progress
BusinessWeek
By David Goodman and Kristine Aquino Feb. 8 (Bloomberg) -- The euro rose to a seven-week high against the yen on speculation Greece is making progress on measures needed to win international aid, boosting demand for the shared currency.
GLOBAL MARKETS: European Stocks Touch Higher But Greece Still KeyWall Street Journal
FOREX-Euro at 2-mth high as Greek hopes spur short coveringReuters
Greek party leaders prepare for crucial debt talksBoston.com
The Associated Press -BBC News -MarketWatch
all 5,188 news articles »

The Associated Press
European agency orders global check on A380 wings
The Associated Press
BERLIN (AP) — Europe's air safety authority has ordered checks on the entire global fleet of Airbus A380 superjumbo jets for cracks on parts inside the wings — extending a previous order to check nearly a third of the planes.
Airbus Checks to Be ExtendedWall Street Journal
European agency orders more A380 wing part checksBusinessWeek
Airbus to inspect all A380 superjumbos for wing cracksBBC News
Reuters India
all 572 news articles »

USA TODAY
Bernanke defends Fed on inflation, jobs
Columbus Dispatch
With the holiday season in full gear, consumer advocates advise consumers to plan and budget well to ensure they don't end up overspending or facing credit card bills months after the holiday season concludes. If you have the luxury of being able to ...
Bernanke-Led Economy Proves Critics Clueless About Fed PoliciesBusinessWeek
Bernanke: Job market still weakWorcester Telegram
Bernanke repeats vow to shield US from Europe falloutReuters
GoozNew -Wall Street Journal -CNNMoney
all 57 news articles »

CTV.ca
Nokia to axe 4000 jobs, move assembly to Asia
Reuters
* To cut assembly jobs in Finland, Hungary, Mexico * Moves smartphone assembly to Asia * Shares 1.2 pct higher By Tarmo Virki, European Technology Correspondent HELSINKI, Feb 8 (Reuters) - Struggling Finnish phone maker Nokia plans to cut 4000 more ...
Nokia Will Lay off 4000 and Move More Manufacturing to AsiaPCWorld
Nokia to end phone assembly in EuropeCBS News

all 317 news articles »

USA TODAY
Stocks to open higher on hopes for Greece
CNN
By CNNMoney staff @CNNMoneyMarkets February 8, 2012: 6:38 AM ET NEW YORK (CNNMoney) -- US stocks were set to take another step higher Wednesday, extending gains from the previous day, as hopeful investors continue to bet that Greece will soon secure ...
Possible Deal on Greek Debt Soothes InvestorsNew York Times
US Stocks Rise On Greece Debt Progress; DJIA At Multiyear HighWall Street Journal
US STOCKS-Wall St edges up in quiet day; Disney down lateReuters
USA TODAY -BusinessWeek
all 633 news articles »

Deccan Chronicle
Japan lines up national chip champion
Financial Times
By Jonathan Soble in Tokyo Three Japanese semiconductor manufacturers including Panasonic and Fujitsu are in talks to merge their operations to create a national-champion chipmaker that would be backed by the government, according to people familiar ...
Japan firms talk on system chip tie in reform drive: sourcesReuters
Japan's Nikkei Closes Above 9000 After Toyota Raises ForecastBusinessWeek
Renesas, Fujitsu, Panasonic In Talks To Integrate System Chip Development Ops ...Wall Street Journal
Bloomberg -Reuters India -Economic Times
all 137 news articles »

Bloomberg
Glencore, Xstrata Sign $41 Billion Deal in Two Months After Years of Talks
Bloomberg
Enlarge image Glencore, Xstrata Seal Deal Glencore, Xstrata Seal Deal Jerome Favre/Bloomberg A Glencore International Plc prospectus in Hong Kong, China. Play Video Play Video Enlarge image Glencore International AG Glencore International AG Gianluca ...
Glencore Seen Winning Regulatory Approval for Xstrata TakeoverBusinessWeek
Xstrata deal takes attention from Glencore earningsFinancial Times
Will BHP Follow the Glen-X Factor?Wall Street Journal (blog)
Forbes -Fox Business -New York Times
all 206 news articles »

Sky News
Stocks to Watch: Cisco, Nokia, Disney
TheStreet.com
By Joseph Woelfel 02/08/12 - 05:38 AM EST NEW YORK (TheStreet) -- Cisco(CSCO), the networking-equipment maker, is expected by analysts to earn 43 cents a share on revenue of $11.23 billion in its fiscal second quarter. An in-line performance would be ...
Disney 1Q Revenue Misses Estimates but Profits UpABC News
Disney Profit Rises 12% on Growth at ESPN, Domestic Theme ParksBusinessWeek
Disney's first-quarter profit up 12%Los Angeles Times
Reuters -Bloomberg -Wall Street Journal
all 311 news articles »

Guan Jianzhong is waging a one-man crusade to change the global credit rating industry.His argument: China and other cash-rich developing nations shouldn't have to rely on ratings agencies in the deeply ...

World stocks rose Wednesday as Japan's powerhouse exporters got a boost from hopes of new moves to weaken the yen while a deal appeared within reach between Greece and its creditors to cut the country's ...

House Republicans have introduced their version of a bill to ban insider trading by thousands of federal officials, and have added provisions to bar lawmakers convicted of a felony from collecting their ...