NYT: Afternoon Business News: Foreign Investment Ebbs in India


BUSINESS

Foreign Investment Ebbs in India

By VIKAS BAJAJ
Direct investment in India fell more than 31 percent last year, and corruption and bureaucracy are being blamed.

Oil Prices Ease as Wall Street Wanders

By CHRISTINE HAUSER
Oil prices continued to rally, pushing stocks lower in Europe and Asia amid fears that unrest could spread to other major Middle East producers.

G.M. Reports an Annual Profit, Its First Since 2004

By NICK BUNKLEY
General Motors said it earned $4.7 billion in 2010, and that union workers would receive profit-sharing checks of $4,300, the most in the automaker's history.
DealBook

Investigation Puts Porsche-Volkswagen Merger at Risk

By CHRIS V. NICHOLSON
Porsche says that its merger with Volkswagen may be at risk after German prosecutors expanded the scope of their inquiry into the company.

Toyota Recalls 2 Million Vehicles Over Gas Pedal Issues

By NICK BUNKLEY
The latest recalls are intended to address accelerator pedals that could become entrapped in floor mats or jammed in driver's side carpeting.

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