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    The Dow surged Tuesday on reports the European Union is hatching a plan to end the debt crisis in Greece, but just because the blue-chip index sits once again above 10,000 doesn't mean the latest threat to equities is over. Greece, after all, is but one wobbly domino in Euroland -- and that means investors should brace themselves for more tremors to come.

    Walt Disney Co.'s (DIS) fiscal first-quarter net income showed a net profit of $844 million, or 44 cents per share, down slightly from $845 million, or 45 cents are share, a year earlier. Revenues were up 1% to $9.7 billion for the quarter ending January 2, up from $9.6 billion in the quarter ending Dec. 27, 2008.

    Markets Module

    2009-02-01 16:20:00

    Market Update

    Can there be such a thing as bad buzz? If so, Web giant Google (GOOG) may have just stepped into it, with the unveiling of a new social networking product unfortunately called Google Buzz. (Memo to Mountain View, Calif: Yahoo (YHOO) already has a product called Buzz, geniuses.) Initial reactions to Buzz were not positive -- and Google received a spirited mocking from rivals Yahoo and Microsoft (MSFT), which backs Facebook. In fact, Google's new social offering may be too little, too late to stem the explosive growth of Facebook and Twitter.

    Already besieged by two recalls this year, Toyota Motor (TM) said Tuesday it is recalling 7,300 of its 2010 Camry sedans for possible braking problems, raising the number of cars the world's largest automaker has recalled to more than 8.5 million since last fall.

    Akio Toyoda, CEO of the company founded by his grandfather, has finally made a statement to the U.S. consumer about Toyota's (TM) recall problems. In an op ed piece in The Washington Post, he writes, "To ensure that our quality-control operations are in line with best industry practices, we will ask a blue-ribbon safety advisory group composed of respected outside experts in quality management to independently review our operations and make sure that we have eliminated any deficiencies in our processes."

    In a one-on-one conversation with billionaire Warren Buffett on Tuesday, former Treasury Secretary Henry Paulson defended the government bank-bailout program and the other policies put in place to keep the U.S. financial system from collapsing. "We will get every penny we put into the banks back and with a profit," he said . Paulson (pictured, right) also called for Congress to enact real financial regulatory reforms that would allow a special authority to wind down any troubled financial institution without using taxpayer-funded bailouts.

    As Americans struggled amid the worst recession in decades, beverage giant Coca-Cola (KO) relied on its large global operations to pick up the slack. It turned its laser focus on the two big international markets where the growth is: India and China. The strategy has paid off as consumers in the two giant Asian nations responded by buying its beverages with gusto. In its fourth-quarter earnings report, Coke says sales skyrocketed 29% in China, and 20% in India.

    Salaried employees hoping their 2010 annual raise will provide some relief as they attempt to recover from the worst economic downturn in 80 years are likely to be disappointed: Raises for U.S. workers may barely keep pace with inflation this year.

    It may seem an unlikely time for a global super luxury brand to launch a new concept on Madison Avenue of all places. Indeed, take a stroll up Madison Avenue and one will see a number of vacant storefronts with "for lease" signs in the windows that are too numerous to count. But that is where Hermès diverges from the rest of the luxury industry.

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