Aaron's Daily WWW Newspaper

NEW YORK (Reuters) - UBS AG's top two executives reassured the company's U.S. brokers and advisers on Monday that the embattled Swiss banking giant has no plans to sell UBS Wealth Management Americas.

DETROIT (Reuters) - Talks between the United Auto Workers and Ford Motor Co for a new labor contract as well as ratification of the proposed agreement with General Motors Co were nearing a conclusion.

HONG KONG (Reuters) - China's property developers are facing increasing liquidity pressure over the next six to 12 months and tightening credit conditions may see some cut prices, Standard and Poor's said on Tuesday.

(Reuters) - Deloitte Touche Tohmatsu Ltd , the world's largest accounting and consulting firm, was accused on Monday of failing to detect fraud during its audits of one of the biggest private mortgage firms to collapse during the U.S. housing crash.

HANGZHOU/HONG KONG (Reuters) - China is moving to choke off funding avenues to developers across the country, tightening or eliminating credit options in a bid to slow the rampant property market and bring down prices without sending the broader economy into a crash.

LONDON (Reuters) - Europe's biggest defense contractor BAE Systems said it will cut nearly 3,000 jobs in Britain as smaller global defense budgets hit orders for its fighter jets.

Greece will receive its next batch of bailout loans in time to avoid a disastrous default, the finance minister said Tuesday, as stock markets rallied on hopes that the prime minister will discuss new ways of solving the crisis with Germany's leader later in the day.

Oil gained more than $2 on Tuesday, rising above $82 a barrel amid optimism that Europe was moving toward a major plan to prevent debt-strapped Greece from going bankrupt.

The departure of Russia's influential finance minister and the impending power swap between President Dmitry Medvedev and Prime Minister Vladimir Putin won't have any immediate impact on Russia's economic policies or its debt rating, Standard & Poor's said Tuesday.

A Shanghai subway train rear-ended another Tuesday, injuring more than 210 people in the latest trouble for the rapidly expanded transportation system in China's commercial center.

Turkish frigates and warplanes on Tuesday escorted a research ship to begin oil and gas exploration off the divided island of Cyprus, retaliation for a similar move by the Greek Cypriot government, the research ship's captain said.

French teachers and their supporters took to the streets Tuesday for a national strike and protests over education job cuts under President Nicolas Sarkozy's government.

Hopes that policymakers are preparing a grand plan to finally contain Europe's debt crisis bolstered stocks Tuesday ahead of a meeting between the leaders of Greece and Germany.

A man accused of running an illegal contractor spy ring in Afghanistan has resigned from the Air Force, still maintaining his innocence, and still facing possible criminal charges.

Flying over the holidays is going to cost more this year. And the longer you wait to book, the pricier it's likely to get.

Drugstore operator Walgreen Co. said Tuesday its fiscal fourth-quarter earnings jumped 69 percent, boosted in part by a gain from the $525 million sale of its pharmacy benefits management business.

Chemical maker LyondellBasell said Tuesday that it was unable to find a buyer for its refinery in Berre, France, so it will likely be shut down.

Philippine Airlines says a strike by ground employees has paralyzed flight operations at Manila airport and affected about 14,000 passengers.