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Posted by Kris | Friday, February 13, 2009 | | 0 comments »

PepsiCo 4Q Net Down 43% On $908 Million In Charges, Hedging Losses

Shanghai rises, add to year-leader status

Stocks gain as data show economy awash in liquidity

"China looks set to be the first major economy to recover from the current global meltdown, and likely achieve 8.0% growth in 2009 and 8.3% in 2010 given the resilience of its economy," wrote Merrill Lynch economists headed by Ting Lu in a note dated Feb 10

US STOCKS-Opening bounce eyed on stimulus, mortgage plan

NEW YORK, Feb 13 (Reuters) - U.S. stock index futures signaled Wall Street was likely to rise at the open on Friday, with sentiment buoyed by expectations of the passage of a $789 billion stimulus package to jolt the economy out of recession.

Additionally, investors were heartened by news on Thursday that the Obama administration was creating a plan to subsidize mortgage payments for troubled homeowners.

Congress readies final vote on $790B stimulus bill

Congress readies final vote on $790B stimulus bill after overcoming last-minute snags

Larry Summers, a former Clinton administration Treasury secretary and now head of Obama's White House-based economics council, was asked Friday how far the bill will go toward reviving the economy.

"It is the biggest fiscal expansion in our country's history," he replied in an appearance on NBC's "Today" show.

Toyota offers buyouts to U.S. workers

Friday February 13, 9:10 am ET

TOKYO/DETROIT (Reuters) - Toyota Motor Corp (Tokyo:7203.T - News) offered buyouts to some 18,000 U.S. workers and said it would cut pay for executives and blue-collar workers in North America, and an analyst warned it may soon cut working hours in Japan.

The world's No.1 automaker, struggling as the global credit crunch sends auto sales sliding, said it would shut down production for more days in April at plants in the United States, Canada and Mexico and would cut executive pay and bonuses.