Brazilians buy big stake in Portuguese cement firm
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AP
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15 minutes ago Brazilian construction company Camargo Correa SA said Wednesday it paid euro975 million for a 22 percent stake in Portugal's largest cement company, Cimpor, which is already the target of a takeover bid by Brazilian steelmaker Companhia Siderurgica Nacional.
Report: Rio Tinto employees to stand trial
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AP
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17 minutes ago A Chinese state news agency says four Rio Tinto employees are to stand trial on charges of stealing commercial secrets. The Xinhua News Agency's report Wednesday says the four employees, who include an Australian national, also are charged with accepting bribes.
Bank of England expects slow economic recovery
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AP
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20 minutes ago The Bank of England said Wednesday that the pace of recovery in the U.K. economy is slower than it previously forecast, impeded by tight credit and the need to repair public and private balance sheets.
Greece leads markets higher amid EU rescue hopes
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AP
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30 minutes ago Greek shares led world markets higher Wednesday amid mounting hopes that German opposition to a European Union financial rescue package for the heavily indebted country is waning.
Norway's Telenor posts 25 pct rise in Q4 profits
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AP
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49 minutes ago Norwegian telecommunications group Telenor ASA on Wednesday reported a 25 percent jump in fourth-quarter profits, primarily thanks to growth in Asia, but said it may have to cut costs this year to strengthen its finances.
Honda adds 437,000 cars to global air bag recall
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AP
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58 minutes ago Honda Motor Co. is adding 437,000 vehicles to its 15-month-old global recall for faulty air bags in the latest quality problem to hit a Japanese automaker.
EU nations' reality: Greece's woes are theirs, too
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AP
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1 hour, 7 minutes ago Wealthy European nations are moving closer toward swallowing a bitter pill: rescuing Greece from its overspending before its debts drag down the euro and stock markets all the way to Wall Street.
Japan stocks post first gain in 5 sessions
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AP
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1 hour, 15 minutes ago Japanese stocks ended a four-day losing streak Wednesday amid receding fears of a government debt crisis in Europe and a sharp rise in machinery orders.
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