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Business News

• European stocks slip on doubts over Greek rescue (AP)
  AP - World stock markets fell Thursday and the euro weakened on concerns the European Union will not agree to give Greece concrete financial support, leaving it to potentially seek assistance from the International Monetary Fund. […]
• Porsche takes top spot in dependability study (AP)
  AP - Porsche shot to the top of a closely watched study of long-term vehicle dependability, overtaking U.S. and Japanese rivals, J.D. Power and Associates said Thursday. […]
• US ambassador urges China cooperation on Iran (AP)
  AP - Beijing needs to take seriously American concerns about the value of the Chinese currency, but bilateral disputes should not impede cooperation on global issues such as climate change and Iran's nuclear program, the U.S. ambassador to Beijing said Thursday. […]
• Greek PM fears debt cost spiral (Reuters)
  Reuters - Greece raised the stakes on Thursday in its quest for EU help to tackle its debt crisis, warning it cannot achieve promised deficit cuts if its borrowing costs remain high and might have to call in the IMF. […]
• Nissan to make Leaf electric cars in Britain (AFP)
  AFP - Nissan Motor on Thursday said it would start building its zero-emission Leaf electric car at a plant in Britain from 2013, saving more than 2,000 jobs in one of England's most deprived regions. […]
• Gov't bank auditors got big bonuses (AP)
  AP - Banks weren't the only ones giving big bonuses in the boom years before the worst financial crisis in generations. The government also was handing out millions of dollars to bank regulators, rewarding "superior" work even as an avalanche of risky mortgages helped create the meltdown. […]
• China Mobile says 2009 profit up 2.3 percent (AP)
  AP - China Mobile Ltd., the world's biggest phone carrier by subscribers, said Thursday its 2009 profit rose 2.3 percent over a year earlier and warned it faces growing competition. […]
• Greek PM: need firmer rescue plan from eurozone (AP)
  AP - Greece's Prime Minister George Papandreou said Thursday his country needs a firmer eurozone bailout plan to lift market pressure on his government and lower its borrowing rates. […]
• Strikes in Greece over proposed tax law overhaul (AP)
  AP - Greek taxi drivers and many gas station owners are striking against a proposed overhaul of tax laws under the government's efforts to overcome its debt crisis. […]
• Oil falls to near $82 after 2-day rally (AP)
  AP - Oil prices fell to near $82 a barrel Thursday in Asia, paring two days of gains that were fueled by signs U.S. crude demand may be improving. […]