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Wall St. pares losses on oil recovery; Apple still top drag

Wall Street was lower on Wednesday morning as Apple's weak results weighed on technology stocks but a sharp recovery in oil prices limited some losses.

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Wall Street leaders too insulated, says watchdog for U.S. rescue fund

WASHINGTON Wall Street executives are too shielded from prosecution and should answer for misdeeds committed by underlings, the watchdog for a multibillion-dollar bailout said on Wednesday.

11:07am EDT

U.S. prosecutors investigate Brixmor accounting issues

NEW YORK Federal prosecutors have opened an investigation related to shopping center owner and operator Brixmor Property Group Inc's disclosure earlier this year that accounting personnel had manipulated its financial results.

11:12am EDT

Nissan to stop making Mexican veteran Tsuru amid safety criticism

MEXICO CITY Nissan Motor Co Ltd said on Wednesday it will stop production in May of the Mexican-built Tsuru, an economical and hardy sedan beloved by taxi drivers but often sold without airbags and widely criticized for its poor crash record.

11:21am EDT

U.S. warned Berlin on China-Aixtron deal: Handelsblatt

FRANKFURT/BERLIN U.S. intelligence services told Germany that a proposed Chinese takeover of semiconductor manufacturing equipment maker Aixtron could give Beijing access to technology that could be used for military purposes, the Handelsblatt newspaper said on Wednesday.

Deals, Germany 10:35am EDT

Iraq lures investors to boost its oil output as OPEC debates cuts

LONDON/BEIRUT As OPEC gathers in Vienna next month to consider cutting its oil output, a lower profile event in Baghdad on the same day will signal Iraq's longer term ambition to do precisely the opposite.

10:51am EDT


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