Archive for January, 2010

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$74 million Dutch deal saves Saab

General Motor's Swedish Saab brand has been saved from certain death thanks to a last-minute deal with Dutch exotic car builder Spyker. Spyker has agreed to pay $74 million in cash and $326 million in preferred stock in a new Saab that will emerge from this deal. ... Full story

Yahoo earnings upbeat

Shares of Yahoo rose after-hours Tuesday after the company posted a fourth-quarter profit that beat Wall Street expectations, driven by stabilization in advertising revenue. ... Full story

State TV: Sri Lankan president re-elected

Sri Lanka elects President Mahinda Rajapaksa to a second term amid allegations of intimidation from the opposition presidential candidate, state television says. ... Full story

North Korea: Shelling near South was drill

North Korea and South Korea exchanged artillery fire Wednesday off waters near the inter-Korean maritime border, South Korean state media reported. ... Full story

Tennis: China’s Li stuns Venus Williams

China's Li Na continued her Cinderella run through the Australian Open on Wednesday, rallying from a set down to upset Venus Williams and reach the ladies' semifinals. ... Full story

Rusal shares plunge on Hong Kong debut

Read full story for latest details. ... Full story

Japan’s debt rating faces downgrade

Credit rating agency Standard & Poor's raised the prospect of a downgrade in Japan's sovereign debt rating Tuesday. That's reigniting fears that the U.S. could be next. ... Full story

Long lines as Sri Lankans cast votes

Elderly ladies with canes hobble up to the line in the scorching sun. They stand alongside voters half their age at a polling station just outside the Sri Lankan capital. ... Full story

Sri Lanka politicians vow to block vote favorite

Top politicians in Sri Lanka vowed Tuesday to block the man who looks poised to win the country's presidential election from taking office. ... Full story

Taliban claims 25 dead in attack near U.S. base

Afghan security forces arrested a man over last week's deadly assault on key government sites in the heart of Kabul, authorities said Tuesday. ... Full story
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