NEW YORK - US STOCKS opened modestly higher on Tuesday, extending late-day momentum the previous day, as investors weighed a mixed batch of corporate earnings and progress on the government's stimulus plan.
FRANKFURT - THE German car market contracted for the sixth month running in January, with sales tumbling 14 per cent on a 12-month basis, the main auto federation VDA said on Tuesday.
MADRID - According to a Spanish law firm that has filed a US lawsuit there are up to three million "direct and indirect" victims worldwide of the alleged fraud by US broker Bernard Madoff.
SCHAUMBURG (Illinois) - MOTOROLA says it lost US$3.6 billion (S$5.45 billion), or US$1.57 per share, in the fourth quarter as it took massive non-cash charges for goodwill impairment and an increase in a deferred tax reserve.
Hammered by a decline in sales, the maker of telecommunications equipment also said it would suspend its dividend, and its chief financial officer Paul Liska is leaving.
