Business Finance & Economy - latest

Shares of Hanesbrands Inc. rose Tuesday as an analyst starting to cover the maker of pantyhose, underwear, casual clothes and active wear gave it and initial "Buy" rating, saying the company will likely see earnings growth as consumer spending picks up.

Stocks surged Tuesday on hope that the European Union will help Greece manage its growing debt burden.

Toyota has announced a worldwide recall of 437,000 hybrids, including the popular 2010 Toyota Prius over brake issues.

The company announced that the fix will come via a software "patch" for the antilock braking system.

Stocks climbed on hopes that European officials will come through with some sort of assistance for Greece to handle its debt and keep the crisis from spreading.

• Volcano Corporation (NASDAQ: VOLC) announced today that it has acquired the Xtract™ Thrombus Aspiration Catheter device line from Lumen Biomedical.
  
  Volcano became the exclusive global distributor of the Xtract™ catheter in May 2009. This acquisition reinforces Volcano's dedication to build a strategic portfolio of diagnostic and therapeutic tools to help patients with coronary artery disease at all levels of complexity, including acute myocardial infarction (AMI) or heart attacks.

An International Monetary Fund delegation opened talks with Serbia Tuesday to review whether the crisis-stricken country is adhering to the terms of a euro2.9 billion ($3.97 billion) standby loan.

Washington (PRESS RELEASE – February 9, 2010) — Senate Committee on Small Business and Entrepreneurship Chair Mary L.

Landrieu, D-La., who has shepherded small business job-creation measures through her Committee, made the following comment in regard to Treasury Secretary Timothy Geithner’s unveiling of the $30 billion Small Business Lending Fund, a fund that directs money to community banks for small business lending:

Feb. 9 -- Bloomberg's Jason Bellini reports on Reva Electric Car Co.'s plans to manufacture electric vehicles.

Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts' expectations partly thanks to a tax credit, but said rich clients' withdrawals had continued.

The LPACK20 is a 20 watt, full-cutoff LED Wallpack.