Feb

Toyoda slips into China on damage control mission

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BEIJING (Reuters) - Toyota Motor Corp President Akio Toyoda sought to ease quality concerns during a low-key visit to China on Monday, fresh from a grueling hearing in the U.S. Congress over his company’s biggest safety crisis.

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Feb

AIG agrees to $35.5 billion unit sale to Prudential: sources

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NEW YORK (Reuters) - American International Group Inc agreed to sell its Asian life insurance unit to Britain’s Prudential Plc for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the matter said.

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Feb

U.S., Japan to see leap in distressed property sales

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LONDON (Reuters) - The United States and Japan are expected to see the biggest rise in distressed property sales in the first quarter, as the fallout from the global property downturn intensifies, the results of a survey showed on Monday.

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Feb

Blaming the weather for high unemployment

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WASHINGTON (Reuters) - Snowstorms have repeatedly battered parts of the United States this winter, making it more difficult to discern returning weakness in the economy from

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Feb

Payrolls, quake, ISM may steer stocks

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NEW YORK (Reuters) - Payrolls could give the U.S. stock market some direction this week as investors comb through the key report on one of the economy’s weakest areas.

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Feb

Greece may take more debt steps as EU visit looms

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ATHENS (Reuters) - Greece may soon announce new steps to cut its budget deficit, a government minister said on Sunday, amid signs that Athens might be nearing a deal with European Union governments to ease the Greek debt crisis.

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Feb

HSBC CEO to give bonus to charity: reports

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LONDON (Reuters) - Michael Geoghegan, the chief executive of Europe’s biggest bank HSBC Holdings , is set to give his bonus to charity, newspapers have reported, following a high-profile row over the sums paid to bankers.

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Feb

UK’s Prudential negotiates $35.5 billion deal for AIG unit

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LONDON/NEW YORK (Reuters) - Prudential , Britain’s largest insurer, is in advanced talks to buy the Asian arm of American International Group in a deal worth about $35.5 billion, sources familiar with the matter said on Saturday.

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Feb

Toyota head to brief in China on quality issues

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TOKYO (Reuters) - Toyota Motor Corp said its president would hold a news conference in Beijing on Monday as the automaker looks to limit the damage from a massive global recall on the fast-growing Chinese market.

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Feb

Tesoro Hawaiian refinery not impacted by tsunami

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TORONTO (Reuters) - Tesoro Corp said on Saturday that the tsunami generated by an earthquake in Chile had not hurt its 94,000 barrel per day refinery in Kapolei, Hawaii.