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AFP – Iran has placed its first homemade satellite in orbit using a Safir-2 rocket, two local news agencies reported Tuesday without quoting sources.
Reuters – A drop in gift-card use and a reliance on post-holiday clearance sales are likely to be the main culprits when major U.S. retailers report lower January sales results this week.
AP – President Barack Obama plans to nominate Sen. Judd Gregg as commerce secretary on Tuesday, the White House confirmed on the eve of the announcement as the New Hampshire Republican disclosed an apparent deal that would keep his seat out of Democratic hands.
Reuters – Swiss bank UBS AG held talks with Morgan Stanley late last year over the sale of its U.S. brokerage unit, UBS Financial Services, a source familiar with the matter said on Monday.
AFP – Chinese Premier Wen Jiabao’s European tour ended dramatically when a protester hurled a shoe at him as he gave a speech at Britain’s Cambridge University.
Reuters – Australia unveiled a $26 billion second stimulus plan on Tuesday aimed at staving off a recession already engulfing much of the rich world, and the Bank of Japan said it would buy up to $11 billion of shares held by banks.
Reuters – Citigroup plans to use some $36.5 billion of its U.S. government capital infusion for new mortgages, credit card loans and to buy mortgage-backed securities in the coming months, the Associated Press reported on Monday.
Reuters – President Barack Obama will name a third prominent Republican to his cabinet on Tuesday, nominating Senator Judd Gregg of New Hampshire as commerce secretary, a White House official said on Monday.
AP – Senate Republicans circulated a sweeping plan to drive down the cost of mortgages by expanding the federal government’s role in the industry, officials said Monday night as debate opened on an economic stimulus bill at the top of President Barack Obama’s agenda.
