Archive for February 12th, 2009

Japan’s benchmark lost more than 3% Thursday and stocks in Europe were lower amid doubts that U.S. plans costing trillions of dollars will soon restore the health of the U.S. economy.
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Nokia and Facebook are in talks about a partnership that would embed parts of the Facebook social network into some Nokia phones, a report says.
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Sirius XM Radio is seeking an investment from Liberty Media in an attempt to fend off an unsolicited takeover approach from satellite entrepreneur Charles Ergen, a report says.
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The Japanese electronics company also said it plans to withdraw from its money-losing plasma display business.
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The U.S. automaker is offering retirement incentives to a number of its United Auto Workers union members. GM also has attracted interest in its Hummer brand, a separate report says.
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The mining company received a $19.5 billion investment from Aluminum Corp. of China. Rio Tinto also reported a 50% drop in 2008 earnings.
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Readers rant back in response to an Outrage about the Chevron oil find in the Gulf of Mexico.
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Alcoa said it will receive $1.02 billion as it exits an agreement with Chinalco to purchase shares in Rio Tinto.
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Europe’s third-largest oil company lost 794 million euros ($1.03 billion) in the quarter, compared with a net profit of 3.6 billion euros a year earlier.
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