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Congress Questions Toyota's Fix
Congressional investigators examining Toyota's safety troubles are questioning whether the company and regulators have fully grasped what caused the sudden acceleration problems.
Mon, 08 Feb 2010 20:12:57 EST |
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Japan Airlines Sticks with AMR
Japan Airlines is planning to announce that it will maintain its alliance with AMR's American Airlines, dealing a blow to rival Delta.
Mon, 08 Feb 2010 21:02:25 EST |
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CIC Offers a Glimpse of Holdings
The massive national China Investment Corp. provided the closest look yet at its politically sensitive holdings, in an SEC filing that revealed that it has accumulated small stakes in more than 60 U.S. companies but is making big bets outside the U.S.
Mon, 08 Feb 2010 19:41:39 EST |
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Markets Flinch at Debt Ills, Rate Plan
The Dow industrials closed below 10000 for the first time in three months as concerns about the global economy and U.S. interest-rate policy simmered.
Mon, 08 Feb 2010 20:40:43 EST |
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Mortgage Mess Breeds Unlikely Allies
Some activists and investors have formed a loose coalition, aiming to cut amounts owed by borrowers whose loans exceed the values of their homes.
Mon, 08 Feb 2010 21:00:49 EST |
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Gmail, Too, Seeks to Rival Facebook
Google is taking a swipe at Facebook and Twitter with a new feature that makes it easier for users of Gmail to view media and status updates shared online by their friends.
Mon, 08 Feb 2010 19:12:09 EST |
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Boeing Flies New 747 Model
The company's revamped 747 took off on its maiden flight. But the new jetliner has been slow to attract orders as Boeing again redesigns a successor to a plane that has been flying for forty years.
Mon, 08 Feb 2010 20:01:33 EST |
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Hitting Goldman Where It Hurts
U.S. proposals to ban banks from using their capital to acquire stakes in companies would have the biggest impact on Goldman Sachs, which has the world's largest private-equity operation.
Mon, 08 Feb 2010 19:46:59 EST |
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EA Narrows Loss, Gives Weak Outlook
Electronic Arts posted a smaller loss in the holiday quarter, despite a 25% drop in sales, but the company issued a weak outlook for the current quarter. Shares tumbled.
Mon, 08 Feb 2010 20:15:03 EST |
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European Default-Risk Index at Fresh High
The cost of insuring against the risk of default by Greece, Portugal and Spain grew ahead of a key meeting of European heads of state later this week.
Mon, 08 Feb 2010 17:59:32 EST |
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Honda Warns of Toyota Fallout
CFO Yoichi Hojo says the industry risks a broader hit to consumer confidence in overall auto quality.
Mon, 08 Feb 2010 20:02:52 EST |
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Failed Drinks Deal Hits Sector
The collapse of merger talks between Japanese beverage giants Kirin and Suntory is a broader setback for much-needed consolidation and efficiency in Japan.
Mon, 08 Feb 2010 15:23:25 EST |
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UPS to Furlough at Least 300 Pilots
UPS said it plans to furlough at least 300 of its airline pilots as the world's largest package shipper, by volume, cited a continued need for belt-tightening amid a gradual economic recovery.
Mon, 08 Feb 2010 16:16:04 EST |
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Ex-Intel Executive Pleads Guilty
Rajiv Goel, a former Intel manager, pleaded guilty to securities fraud and admitted to feeding inside information to Galleon founder Rajaratnam.
Mon, 08 Feb 2010 16:07:36 EST |
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Fed to Outline 'Exit Strategy'
The Fed's Bernanke will begin this week to lay out a credit-tightening blueprint to be used when the central bank decides the economy has recovered sufficiently.
Mon, 08 Feb 2010 15:17:38 EST |
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Hartford, Lincoln Report Profits
Hartford Financial Services Group and Lincoln National reported profitable fourth quarters following punishing periods a year earlier.
Mon, 08 Feb 2010 19:24:10 EST |
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CVS Posts 10% Rise in Net
CVS fourth-quarter earnings rose 10% amid stronger sales at its pharmacy businesses, while the hybrid drug store-pharmacy benefit manager's chief executive expressed optimism about the 2011 pharmacy-benefits-management selling season.
Mon, 08 Feb 2010 20:32:35 EST |
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Rakoff Has Questions on BofA-SEC Pact
A federal judge said he hopes to rule by Feb. 19 on whether to approve a $150 million settlement between Bank of America and the SEC over the bank's disclosures before its acquisition of Merrill Lynch
Mon, 08 Feb 2010 20:02:38 EST |
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Toyota Dealers Work to Fix Recalled Models
Auto dealers over the weekend began repairing cars recalled by Toyota for faulty gas pedals, extending their service hours in a bid to get customers back on the road and limit the damage to the car maker's name.
Mon, 08 Feb 2010 11:54:52 EST |
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Merrill's Ex-CEO to Lead CIT
CIT Group will name former Merrill Lynch chief John Thain as chairman and CEO, uniting two prominent casualties of the credit crisis.
Mon, 08 Feb 2010 15:16:38 EST |
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IBM Seeks Edge With New Chips
IBM says its Power7 chip is four times faster than its predecessor, hoping this will extend the computer giant's edge in the market for midrange servers.
Mon, 08 Feb 2010 05:42:09 EST |
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Geithner Defends U.S. Bond Rating
Treasury Secretary Timothy Geithner, on ABC News's "This Week" said the U.S. isn't in danger of losing its triple-A bond rating, despite a recent warning from Moody's Investors Services.
Sun, 07 Feb 2010 22:38:07 EST |
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Japan Air Favors American Alliance
Japan Airlines is leaning toward maintaining its alliance with American Airlines instead of teaming with Delta, in part because of growing concerns a JAL-Delta partnership would trigger antitrust concerns in the U.S.
Mon, 08 Feb 2010 06:11:32 EST |
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Mortgage Bankers Sell Building at a Loss
The Mortgage Bankers Association sold its 10-story headquarters building in Washington, D.C., for $41.3 million, well below the $79 million it paid in 2007.
Mon, 08 Feb 2010 09:45:11 EST |
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Fannie, Freddie Remain State Wards
With no blueprints for the future and no clear exit strategy for the government, Fannie and Freddie are focusing for now on the U.S. loan-modification program.
Mon, 08 Feb 2010 20:57:18 EST |
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First Lady to Fight Childhood Obesity
Michelle Obama plans to unveil a campaign to fight childhood obesity, a cause that is becoming her top policy priority.
Mon, 08 Feb 2010 20:16:03 EST |
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Luxury's New Optimism
Luxury-goods sellers are feeling more optimistic but, in the new environment, are focusing on relatively lower prices and making sure scarcity breeds an aura of exclusivity.
Mon, 08 Feb 2010 19:35:59 EST |
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