Microsoft CEO eyes Yahoo partnership outside US

Microsoft Corp chief executive Steve Ballmer said on Thursday the company could look to extend its search engine partnership with Yahoo outside the United States, if it gets regulatory approval.

Toyota’s $242-million surprise profit fails to impress investors

Toyota Motor Corp’s surprise quarterly profit and halving of its annual loss forecast failed to convince investors the world’s top carmaker is back on track, as government subsidies peter out and a strong yen takes its toll.

Fed leaves key rates unchanged; says economy is improving

The US Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even as it stuck to its commitment to keep borrowing costs near zero for “an extended period.”

Buffett to buy out Burlington rail for $26 billion

Warren Buffett’s Berkshire Hathaway Inc will pay $26 billion to buy out Burlington Northern Santa Fe Corp in a bet the nation’s largest rail company will benefit from a recovering US economy.

GM decides to keep Opel, U-turn sparks German backlash

General Motors’ decision to keep its European arm Opel after months of negotiations to sell it triggered anger and dismay in Germany, which had led the talks and was putting up much of the cash.

Fed likely to continue easy money policy as economy on revival path

Federal Reserve officials on Wednesday may indicate their $1 trillion injection into the economy is helping to revive growth without requiring an increase in interest rates from near zero, economists said.

UBS posts $552-billion loss

UBS AG, Switzerland’s largest bank, posted a fourth straight quarterly loss as wealthy clients withdrew funds from the private bank and the company booked a charge to reflect an improvement in its debt.

BMW profit drops 74%

Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, reported a 74% plunge in third-quarter profit as the recession sapped demand for higher-priced models.

EU raises ‘10 growth forecast to 0.7% even as deficits soar

The euro-area economy may expand 0.7% next year, the European Commission said, raising its growth forecast even as budget deficits and jobless ranks swell further.

RBS, Lloyds get £31 bn in second bailout in return for cap on bonuses

Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc will receive £31.3 billion in a second bailout from the UK taxpayer in return for putting a cap on bonuses.

Ford $997-m profit beats St, 1st since early ’08

Ford Motor Co, the only major US automaker to avoid bankruptcy, posted a $997 million net income in the third quarter and its first operating profit since early 2008. It expects to be “solidly profitable” in 2011.

Global factory output expands, euro zone up first time in 17 months

Factory activity in the euro zone expanded for the first time in 17 months in October and also picked up in Britain and China, suggesting global economic recovery is underway, surveys showed on Monday.

CIT files for bankruptcy after $2.33-bn infusion under Tarp

CIT Group Inc, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession clobbered its loans.

Manufacturing in China at 18-month high

China’s manufacturing expanded at the fastest pace in 18 months and a government researcher said economic growth will accelerate this quarter.

US jobs fall, manufacturing picks up: preview

Employers in the US kept cutting jobs in October and manufacturing picked up, pointing to an uneven economic recovery that will take time to encourage hiring, economists said before reports this week.

RBS set to be nationalised; UK govt to hike stake to 84%

The British government is planning to pump in an additional capital of up to £19 billion into the Royal Bank of Scotland and hike its stake to as much as 84%, a move that would virtually nationalise the bank.

High spending efforts to stimulate economy bearing fruit: Obama

President Barack Obama said the week’s positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.

Weak dollar is ‘welcome change’ for McDonald’s, PPG Industries

McDonald’s Corp, United Technologies Corp and PPG Industries Inc are among the companies whose earnings may get a boost in the fourth quarter from a weak dollar because of foreign operations and exports.

Shell slashes 5,000 jobs as profits tumble

Oil majors Royal Dutch Shell Plc and Eni warned of a slow recovery, highlighting weak energy demand and operational challenges, as their profits slumped.

VW profit dips 86%, sees tough year-end

German carmaker Volkswagen AG said on Thursday net income for the third quarter plunged 86% as the global downturn affected demand for its cars and trucks.

US exits recession, grows 3.5% in Q3 on increased consumer spends

The US economy grew in the third quarter for the first time in more than a year as government stimulus helped lift consumer spending and home building, fueling an unexpectedly strong advance.

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