2/13 Reuters: Business News

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Reuters: Business News Mattel looking to settle Bratz case: attorney February 12, 2009 at 9:13 pm LOS ANGELES (Reuters) - Mattel Inc is "interested in settling" its copyright infringement litigation against MGA Entertainment Inc over the Bratz doll franchise in California, the toy giant's attorney has told a court. Obama eyes home loan subsidies in rescue plan: sources February 12, 2009 at 8:59 pm WASHINGTON (Reuters) - The Obama administration is hammering out a program to subsidize mortgages in a new front to fight the credit crisis, sources familiar with the plan told Reuters on Thursday, boosting financial markets. Chrysler braces for long auto sales slump February 12, 2009 at 8:47 pm CHICAGO (Reuters) - Chrysler's U.S. government-required viability plan would have the automaker viable even if U.S. auto sales stay at current depressed levels for four years, a top executive said on Thursday. Starbucks plans instant coffee debut February 12, 2009 at 8:24 pm LOS ANGELES (Reuters) - Starbucks Corp is moving into the instant coffee market as it works to shake off its reputation as a seller of pricey coffee drinks. Obama mortgage plan news spurs late stocks rally February 12, 2009 at 8:19 pm NEW YORK (Reuters) - Stocks staged a late rally to close mostly higher on Thursday after Reuters reported the Obama administration was working on a program to subsidize mortgage payments for troubled homeowners. Toyota to cut hours and offer buyouts to U.S. workers February 12, 2009 at 8:04 pm DETROIT (Reuters) - Toyota Motor Corp on Thursday offered buyouts to some 18,000 U.S. workers and said it would cut pay for executives and blue-collar workers in its North American manufacturing operations in response to plunging auto sales. Wells Fargo charge boosts fourth quarter loss February 12, 2009 at 7:41 pm NEW YORK (Reuters) - Wells Fargo & Co , the fourth-largest U.S. bank, on Thursday increased the size of its previously reported fourth-quarter loss by 7 percent because of a new investment losses. Paul Allen's Charter to file Chapter 11 February 12, 2009 at 7:26 pm NEW YORK (Reuters) - Charter Communications Inc said on Thursday it will restructure its debt under bankruptcy protection, wiping out shareholders, after it reached a deal with senior creditors. Microsoft to open own stores, take on Apple February 12, 2009 at 7:20 pm SEATTLE (Reuters) - Microsoft Corp announced plans Thursday to open its own chain of branded stores as it looks to catch up with rival Apple Inc's successful move into retailing. Paul Allen's Charter to file Chapter 11 February 12, 2009 at 2:23 pm NEW YORK (Reuters) - Charter Communications Inc said on Thursday that it reached an agreement in principle with a debt holders committee on terms of a financial restructuring, to be done under Chapter 11 bankruptcy protection, to reduce Charter's debt by about $8 billion. Hartford loses access to U.S. lending facility, shares plunge February 12, 2009 at 2:07 pm NEW YORK (Reuters) - Hartford Financial Services Group Inc lost access to a U.S. commercial paper lending facility after recent debt rating downgrades, it said in a regulatory filing, and shares dropped 11 percent. U.S. retail sales rebound, jobless claims stay high February 12, 2009 at 2:05 pm WASHINGTON (Reuters) - Sales at U.S. retailers unexpectedly rebounded in January, government data showed on Thursday, but the recovery was unlikely to be sustainable as recession-hit companies continued to aggressively ax jobs. U.S. crude drops below $35 on high stocks February 12, 2009 at 2:00 pm NEW YORK (Reuters) - U.S. oil futures fell to a three-week low below $35 a barrel on Thursday, dragged down by an overhang of crude oil stocks in the United States and concerns over the health of the global economy. NY money manager Cosmo in plea talks February 12, 2009 at 1:31 pm NEW YORK (Reuters) - The head of a suburban New York City private investment firm accused of swindling clients in a multimillion-dollar Ponzi fraud is in plea discussions to resolve the case, according to court papers. Viacom profit slumps February 12, 2009 at 12:40 pm NEW YORK (Reuters) - Viacom Inc Chairman Sumner Redstone said on Thursday he is close to resolving debt problems that have pressured the media company's shares, providing a silver lining to disappointing quarterly results. Foreclosures push U.S. home prices to 5-year low February 12, 2009 at 11:51 am NEW YORK (Reuters) - Prices of existing U.S. single-family homes dropped a record 12.4 percent in the fourth quarter from a year earlier to the lowest level since 2003, the National Association of Realtors said on Thursday. "Great Recession" seen lasting 3 years, experts say February 12, 2009 at 9:53 am NEW YORK (Reuters) - The current recession will last at least three years and possibly longer absent a revival in credit markets, according to investors who specialize in distressed debt and bankruptcy.   This email was sent to autoblogs077@gmail.com . Don't want to receive this feed any longer? Unsubscribe here.