Business News

Nissan recalls thousands of cars
The automaker is recalling 39,000 Versa small cars because the transmissions can be shifted out of park without the driver's foot on the brake. 
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Michelin reports strong 2011 profit
The tire maker says earnings rose 39 percent last year as a strong first half helped offset a slowdown in the last half of the year that caused sales growth to miss the company's targets.
Oil prices drop
Oil prices fell to near $99 a barrel in Asia as encouraging news about the U.S. economy was tempered by European demands for Greece to make further spending cuts before getting a new bailout.
GM gets environmental OK for new plant
Environmental authorities in central China say they have approved a proposal by the automaker's flagship venture for a new factory, though the company said it has not yet decided on the plan. 
Lehman Brothers sues Citigroup for $2.5B
Lehman Brothers Holdings Inc. is suing several units of Citigroup Inc. to recover $2.5 billion it transferred to a backup account at Citi months before seeking bankruptcy court protection.
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