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AP Top Business News At 8:28 a.m. EST
OPEC cautions about pace of US economic recovery DUBAI, United Arab Emirates (AP) -- OPEC is raising questions about how fast the U.S. economy will be able to bounce back, but is sticking to its forecast for worldwide oil demand for now....
Bank of England expects slow economic recovery LONDON (AP) -- The Bank of England on Wednesday cut its forecast for economic growth and warned inflation is likely to slump in coming months, a downbeat assessment of Britain's recovery from its worst recession in decades....
EU officials to talk over possible Greece rescue BRUSSELS (AP) -- European Union governments are negotiating plans to rescue Greece if it nears a disastrous default on its debt, after investor worries over its shaky finances sent stock markets and the euro in a downward spiral....
More recalls likely amid caution after Toyota woes TOKYO (AP) -- Honda's expansion of its global recall for faulty air bags suggests automakers are turning cautious amid consumer scrutiny of Toyota's safety lapses, a trend that could see more recalls in the coming months....
Greece leads markets higher amid EU rescue hopes LONDON (AP) -- Greek shares led world markets higher Wednesday amid mounting hopes that German opposition to a European Union financial rescue package for the heavily indebted country is waning....
AP sources: FAA eyes hefty fines for American WASHINGTON (AP) -- The Federal Aviation Administration is close to wrapping up a two-year investigation of safety violations at American Airlines that could result in one of the largest fines in the agency's history, according to government and industry officials familiar with the investigation....
Sprint Nextel slows subscriber loss in 4th quarter NEW YORK (AP) -- Sprint Nextel Corp.'s subscriber losses slowed in the fourth quarter, an encouraging sign for a wireless carrier that has lost millions of customers over the past few years....
Oil near $74 as weak dollar offsets high supplies Oil prices rose to near $74 a barrel Wednesday, boosted by a weaker dollar but held back by a report showing unexpected growth in U.S. crude inventories, casting more doubt on the recovery in the world's biggest economy....
Stock futures in narrow range ahead of opening NEW YORK (AP) -- Stock futures eased off their highs Wednesday, but were still slightly positive, as investors cautiously wait for details about a potential rescue package for Greece....
Sanofi-Aventis Q4 profit up on swine flu vaccines PARIS (AP) -- Sanofi-Aventis reported a 10 percent increase in fourth quarter net profit Wednesday as strong sales of its swine flu vaccine drove full year earnings above expectations....
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