Sources: Toyota to recall Prius
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Leave a Comment February 8, 2010
G7: Greek contagion under control
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Leave a Comment February 8, 2010
Thain back from abyss to head CIT
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Leave a Comment February 8, 2010
Superbowl fails to create global brand
The word “billion” is thrown around a lot come Super Bowl time, but much like the big game, the potential audience and ad revenues don’t always live up to expectations.
Leave a Comment February 8, 2010
Markets: Shaky after slump
Wall Street avoided a bigger walloping late last week, with sellers finally calling it quits after a nearly 10% plunge in less than three weeks. But the week ahead could be pivotal as investors either jump back in – or retreat even further.
Leave a Comment February 8, 2010
What if China ‘bubble’ pops?
World-renowned short seller Jim Chanos — the hedge fund manager who called the fall of Enron and the systemic problems cause by subprime mortgages –recently turned his gimlet eye on China. He saw a country whose rapid rise was hiding massive flaws: grossly inflated real estate prices, irresponsible construction lending, massive overbuilding, a banking system larded with bad loans, and unreliable government data. Fitch Ratings weighed in this week saying that China’s banks face the greatest “bubble risk” of any Asian country.
Leave a Comment February 8, 2010
Toyota apology but no recall
Toyota CEO Akio Toyoda apologizes for the problems that led to the company’s recall of more than 8 million cars, but did not announce another recall of its popular Prius Hybrid, despite reports of brake problems.
February 5, 2010
Global markets in big selloff
International stock markets tumbled Friday over concerns about the debt crisis in several European nations.
February 5, 2010
U.S. jobless rate down to 9.7 percent
The U.S. economy lost 20,000 jobs in January, but the unemployment rate fell to 9.7%, according to a government report released Friday.
February 5, 2010