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Report: Russia's AvtoVAZ finally turns a profit after many years

During the first quarter of 2010, Russian automaker Avtovaz lost 2.6 billion rubles ($85M U.S.). In the second quarter it made almost a third of that back when it posted a net profit of one billion rubles ($32.7M U.S). The spike came courtesy of Russia's cash-for-clunkers program, which more than doubled the firm's sales over Q1 numbers to 149,100 cars.

President Putin fixes Russia's traffic congestion, for about an hour

Here's one way to clear traffic jams – become the Russian President. The above picture shows you how a typical Moscow street looks at pretty much any time of day. It's bumper-to-bumper traffic as far as the eye can see. But to paraphrase Mel Brooks in History of the World, Part I,