Hollingsworth Daily Post

• Toyota's Electronics Said to Be Probed as Cause of Unintended Acceleration Electronic throttle systems are under review by U.S. safety officials as a possible cause of sudden acceleration in Toyota Motor Corp. vehicles, as alleged in at least seven lawsuits.


• Bank of America Said to Pay Investment Bankers Average Bonus of $400,000 Bank of America Corp., the nation’s largest lender, will pay investment-banking employees bonuses of about $4.4 billion for last year, or an average of $400,000 each, a person close to the bank said.


• Asian Stocks, Commodities Gain as U.S. Home Sales Stoke Recovery Optimism Asian stocks rose for a second day and commodity prices advanced after a report showed U.S. pending home sales increased, spurring confidence in the recovery of the world’s biggest economy.


• Greek Deficit Plan to Get EU Endorsement as Papandreou Pledges Wage Freeze The European Commission today will ask finance ministers to endorse Greek measures to reduce the European Union’s biggest budget deficit as Prime Minister George Papandreou promised more action, including a freeze on state workers’ pay.


• Energy Bond Sales Hit Three-Month High as New Issues Slow: Credit Markets Energy companies are increasing bond sales at the fastest rate since October as investors snap up debt of companies with rising profits while the pace of offerings slows.


• Mitsubishi UFJ Posts Third Straight Quarterly Profit as Stock Losses Wane Mitsubishi UFJ Financial Group Inc., Japan’s largest bank by market value, posted a third straight quarterly profit as losses on stock holdings declined and fee income increased.


• Giannoulias to Defend Obama's Senate Seat After Winning Democratic Primary Democrat Alexi Giannoulias will try to spare his party the embarrassment of losing President Barack Obama’s former U.S. Senate seat this fall in a race against Republican Mark Kirk.


• Obama Still Plans to Meet with Dalai Lama as China Warns of Damage to Ties President Barack Obama plans to meet with the Dalai Lama later this month, ignoring Chinese warnings that it would further damage U.S.-China ties already strained by a proposed arms sales to Taiwan and a dispute over censorship of the Internet.


• Stanford Beats Harvard as Fundraising at Colleges Plummets Most Since 1969 Donations to U.S. colleges and universities fell by 12 percent, the most in at least four decades, as a result of the recession, the Council for Aid to Education said.

• Bloomberg Daily News 03 February 2010