Toyota Motor Corp. “deliberately withheld” records it was legally required to produce in a lawsuit by a former in-house lawyer, the chairman of a U.S. House committee said.

Read the original here:
Toyota ‘Deliberately Withheld’ Documents, Towns Says (Update2)

Fannie Mae, the mortgage-finance company under federal conservatorship, said it will seek $15.3 billion in aid from the U.S. Treasury after posting a 10th straight quarterly loss.

See the rest here:
Fannie Seeks $15.3 Billion in U.S. Aid After 10th Straight Loss

Fannie Mae is asking for a federal cash infusion of $15.3 billion after posting another big loss in the fourth quarter of last year. The mortgage finance company, seized by federal regulators in September 2008, lost $16.3 billion, or $2.87 a share in the…

FannieMae – Mortgage – Business – Financial Services – Financial institution

View post:
Fannie Mae seeks $15.3B in gov’t aid after 4Q loss

Commodities prices rose in light trading Friday, the beneficiaries of a drop in the dollar. A weaker dollar makes commodities that are traded in dollars cheaper for foreign investors, which lifts demand for gold, oil and other futures. The ICE Futures US…

Commodity – Gold – World economy – Energy – Business

See original here:
Commodities mostly climb as dollar weakens

Marine insurance provider NYMagic Inc. on Friday posted a fourth-quarter profit, reversing a year-ago loss, as the company sold more policies and saw positive returns on its investments. For the final three months of 2009, NYMagic earned $13.2 million, or $…

Insurance – Investment – Business – Company – Financial services

Read the rest here:
NYMagic post 4Q profit on investment, sales gains

The Associated Press is setting up a division to help the news cooperative, newspapers and broadcasters sell digital products directly to readers on the next wave of Internet-connected devices such as Apple’s iPad. The AP’s chief executive, Tom Curley,…

Tom Curley – Associated Press – Newspaper – Apple – Directories

More here:
AP takes aim at consumers with new digital unit

President Barack Obama will announce a “way forward” next week for his plan to overhaul the U.S. health-care system, White House spokesman Robert Gibbs said.

Obama to Announce ‘Way Forward’ on Health-Care Bill (Update1)

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: Gap Inc., up $1.11 at $21.50 The clothing company’s fourth-quarter results and 2011 forecast topped Wall Street expectations. American…

New York Stock Exchange – CKE Restaurants – Wall Street – Gap – NASDAQ

Go here to see the original:
Gap, AIG, CKE Restaurants are big movers

The Food and Drug Administration has approved a new drug for patients with Gaucher disease, an enzyme disorder that can cause liver and neurological problems. The injectable drug, velaglucerase alfa, is approved for adults and children with the rare genetic…

Food and Drug Administration – Gaucher’s disease – Disease – Liver – Health

See original here:
FDA approves Shire drug for Gaucher disease

The dollar fell against the euro and the yen as German lawmakers said aid to Greece may come through a state-owned lender and sales of U.S. existing homes unexpectedly declined last month.

Original post:
Dollar Declines Against Yen, Euro on Greek Aid, Home Sales Drop

A 21 percent payment cut for Medicare physicians, set to begin next week, led Michael Bell to delay appointments for his elderly patients by four months.

Read the rest here:
Medicare Doctors May Limit Patients as Fee Cuts Loom (Update1)

A snowboarder who survived three days in the Colorado backcountry with a single energy bar for food says he feels well and is ready to return to the slopes Sunday. Forty-two-year-old Wayne Alexander Brown said Friday he’ll be more careful next time and will…

Colorado – Snowboard – United States – People – Shaun White

See original here:
Snowboarder ready to go again after Colo. ordeal

The White House says President Barack Obama has spoken with British Prime Minister Gordon Brown and German Chancellor Angela Merkel about the debt crisis in Greece. Obama spokesman Robert Gibbs says the topic came up during a video teleconference among the…

Gordon Brown – Barack Obama – Angela Merkel – Robert Gibbs – Greece

Originally posted here:
Obama talks debt crisis with 2 Europe leaders

UPS Inc., the world’s largest shipping carrier, will record a loss of roughly $40 million related to the sale of a specialized transportation and express freight business in Germany within its supply chain and freight segment. The company said in a regulatory…

Business – Supply chain – United Parcel Service – Germany – Transport

Read more:
UPS to record $40M loss related to asset sale

The housing recovery might not be as strong as some experts previously hoped, according to the latest statistics from the National Association of Realtors. Nationwide, existing-home sales — which includes purchases of single-family, townhouses, condos and co-ops — dropped about…

Read the original here:
Existing home sales decline in Northeast, report says