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Auto execs predict hybrid sales to soar over 5 years (The Cincinnati Enquirer)
DETROIT – Auto executives worldwide think sales of hybrid cars and low-cost, fuel-efficient models will outpace sales of sport utility vehicles, pickups and luxury models over the next five years because of lingering concerns about fuel prices, according to an annual survey released today.

Business Briefing (Seattle Post-Intelligencer)
Accium BioSciences raises $3 million in VC funding … Big Fish Games acquires game developer FunPause … CarrAmerica Realty buys Casey Family Building … December jobless rate dipped down to 4.9 percent … Blockbuster to pay $140,000 to settle New Jersey lawsuit … AMR execs to get bonuses tied to share performance … Stewart conviction upheld, months after she’s been out … Federal-Mogul

GM CEO backs away from incentives but doesn’t rule them out (USA Today)
General Motors CEO Rick Wagoner says the automaker is still committed to weaning customers off big rebates, although he’s not counting out future splashy deals like the one last summer that gave the employee discount to all buyers.

Ford’s Debt Is Lowered Two More Steps (New York Times)
Standard & Poor’s put Ford’s debt rating two notches further into junk on Thursday.

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