Business News

NEW YORK: Investors turned cautious Tuesday as a pair of economic reports sent mixed signals about how the recovery was going.
Major stock indexes ended narrowly mixed a day after the Dow Jones industrials soared more than 150 points on upbeat manufacturing reports in the U.S. and China.
Uncertainty over key reports this week on employment and the service industry also kept buyers at bay.
The economic news on Tuesday was muddled. The Commerce Department reported that factory orders rose by more than twice what had been expected in November, reflecting demand in the steel, computer and chemical industries.
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Google Inc is expected to unveil its highly anticipated Nexus One smartphone on Tuesday, marking a first foray into an increasingly crowded market that could shape the future of the company's advertising business.
Gadget lovers around the world will focus on Google's corporate headquarters in Mountain View, California, where the Internet search leader is expected to announce the phone. But the tech world's fascination has not carried over to Wall Street, which is taking a wait-and-see view on Google's first effort to sell a hardware product directly to consumers.
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After decades of dictatorship, war and international sanctions, Iraq’s massive oil reserves are set to be tapped proper. If the seven oil projects awarded to foreign oil companies this weekend, and the three from an auction earlier this year, develop as planned, within eight years, Iraq will see its oil production capacity leap to more than 12 million barrels per day (bpd). BAGHDAD - What was once considered a pipe-dream could become reality: after decades of dictatorship, war and international sanctions, Iraq’s massive oil reserves are set to be tapped ...

NEW YORK - Fresh bread will soon be baking high above ground zero.
The new World Trade Center has received its first restaurant - a sandwich shop at the top of the Freedom Tower under construction.
As the sun rose over the site of the Sept. 11 attack, a crane hoisted the Subway restaurant up the signature skyscraper that marks the rebirth of the trade center's 16 acres. The shipping containers-turned-eatery will open in January and keep moving up as the tower is built to 105 floors.
That was about the height of Windows on the World, a dining institution atop one of the original twin towers with a panoramic view of New York and its harbor.
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The online editions of virtually every Swedish News media are reporting that General Motors will shut down all Saab Automobile operations. GM announced today that the planned sale of Saab Automobile to Dutch sports car manufacturer Spyker will not come through and that they will begin shutting down the legendary Swedish car manufacturer for good.
Sweden’s minister of commerce, Maud Olofsson comme ...

Production jobs have been moving out of Europe for years. But as the Daimler decision last week to move C-Class production to the US shows, the process is accelerating as the dollar becomes weaker. Companies from Airbus to ThyssenKrupp are opening factories in America to improve their bottom lines. ...