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Monday, January 31, 2011 12:00 AM PST

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Today's Business News: Focus on Egypt, earnings, jobs Brent oil nears $100, stocks dip on Egypt fears Honda eyes bigger full-yr profit as Q3 tops forecast Mizuho Q3 doubles on lower credit costs BP seeks fast track arbitration with TNK-BP Summary Box: Stocks sink with unrest in Egypt AP: Disney CEO Iger's pay up 30 pct in 2010 ANA swings to black in April-December Spain's premier reaffirms savings banks support Financial Crisis Inquiry Commission Places Blame on American Households ICBC leads charge as Chinese banks go global Sliding profit margins drag Amazon shares Paulson's $5 billion payout shocks, raises questions Oil extends gains above $89 amid Egypt strife 2 men get 4 years in prison for $240M tax scheme Nissan suspends production in Egypt Admissions Q&A: ESADE Focus on Egypt, earnings, jobs Sun, 30 Jan 2011 08:30 am PST Reuters - U.S. stocks may struggle to return to firmer footing this week if anti-government riots in Egypt destabilize the Middle East, keeping investors on edge. Full Story Top Brent oil nears $100, stocks dip on Egypt fears Sun, 30 Jan 2011 10:36 pm PST Reuters - Brent oil futures climbed near $100 a barrel and Asian stocks fell on Monday, hurt by fears that deadly protests in Egypt may foment unrest throughout the Middle East and choke oil supplies, accelerating a move out of riskier assets. Full Story Top Honda eyes bigger full-yr profit as Q3 tops forecast Sun, 30 Jan 2011 11:34 pm PST Reuters - Honda Motor Co raised its annual profit outlook above market expectations as a recovery in the key U.S. market helps counter the strong yen and sliding Japanese sales, which weighed on third-quarter earnings. Full Story Top Mizuho Q3 doubles on lower credit costs Sun, 30 Jan 2011 11:36 pm PST Reuters - Mizuho Financial Group's net profit doubled in the October-December quarter, helped by lower credit costs, and it kept its full-year profit outlook unchanged. Full Story Top BP seeks fast track arbitration with TNK-BP Sun, 30 Jan 2011 09:01 am PST Reuters - BP wants to enter "fast track arbitration" to settle a dispute with Russian shareholders in its TNK-BP joint venture over the British company's shares and exploration deal with Rosneft. Full Story Top Summary Box: Stocks sink with unrest in Egypt Fri, 28 Jan 2011 02:48 pm PST AP - EGYPT: Escalating protests in Egypt, the most populous Arab country, jarred world financial markets on Friday. Stocks fell while the dollar, Treasurys and gold rose as investors sought to reduce their exposure to risk. Full Story Top AP: Disney CEO Iger's pay up 30 pct in 2010 Fri, 28 Jan 2011 10:24 pm PST AP - Walt Disney Co. has awarded CEO Bob Iger a 2010 pay package valued at $28 million, up 30 percent from a year ago, according to an Associated Press analysis of data disclosed in a regulatory filing on Friday. The company said it is rewarding the 59-year-old Iger for excellent management in a tough economic environment. Full Story Top ANA swings to black in April-December Sun, 30 Jan 2011 11:49 pm PST AP - All Nippon Airways Co. pivoted back into the black in the April-December period as robust travel demand and cost cuts bolstered the carrier's bottom line. Full Story Top Spain's premier reaffirms savings banks support Sun, 30 Jan 2011 02:00 pm PST AP - Spain's prime minister said Sunday that his government was prepared to continue backing the country's savings banks but called on private investors to step forward in the troubled sector. Full Story Top Financial Crisis Inquiry Commission Places Blame on American Households Fri, 28 Jan 2011 02:25 pm PST ContributorNetwork - American households got blasted by the Financial Crisis Inquiry Commission because they borrowed too much and saved too little. American households had created an environment of taking on too much risk by over-extending themselves. They did this by placing record debt on themselves and by overstating their income on mortgage applications. Full Story Top ICBC leads charge as Chinese banks go global Sun, 30 Jan 2011 03:52 pm PST AFP - ICBC, the world's largest bank by market value, is proving the most aggressive Chinese bank in expanding abroad, serving Chinese firms that are increasingly active globally after the financial crisis. Full Story Top Sliding profit margins drag Amazon shares Fri, 28 Jan 2011 09:12 am PST Reuters - Sliding profit margins at Amazon.com prompted mixed reactions from analysts on Friday, a day after it posted quarterly results, though most of them stuck to their top ratings on the world's largest online retailer. Full Story Top Paulson's $5 billion payout shocks, raises questions Fri, 28 Jan 2011 05:15 pm PST Reuters - Billionaire hedge fund manager John Paulson, whose bet against the overheated housing market made him one of the world's wealthiest people, became a lot richer last year. Full Story Top Oil extends gains above $89 amid Egypt strife Sun, 30 Jan 2011 10:56 pm PST AP - Oil prices extended gains above $89 a barrel Monday in Asia as anti-government protests continued to rock Egypt and threatened to spread unrest across the oil-rich Middle East. Full Story Top 2 men get 4 years in prison for $240M tax scheme Fri, 28 Jan 2011 05:39 pm PST AP - Two Seattle-area men were sentenced Friday to four years in prison for concocting a bogus tax shelter to help a Hollywood mogul, the owner of the New York Jets and other wealthy clients avoid paying $240 million in payments. Full Story Top Nissan suspends production in Egypt Sun, 30 Jan 2011 09:48 pm PST AFP - Japan's Nissan Motor has halted its production in Egypt at least for this week due to deepening turmoil in the country hit by bloody anti-government protests, a spokeswoman said Monday. Full Story Top Admissions Q&A: ESADE Fri, 28 Jan 2011 05:08 am PST BusinessWeek - ESADE Business School (ESADE Full-Time MBA Profile) in Barcelona, Spain, accepted 46 percent of the 692 applications it received in 2010.At No.4 on the Bloomberg Businessweek list of top-ranked non-U.S.business schools, ESADE prides itself on having the feel of a closely knit family in a welcoming city, says Cristina Sassot, director of Admissions at ESADE. Full Story Top

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