Toyota Crisis Spotlights Importance of Auto Electronics
Investigations into whatever is lurking behind Toyota's crisis of quality have put a spotlight on all that can go wrong with auto electronics
Business
China Firm Seeks Private Equity to Close Hummer Buy
The planned purchase of General Motors Co.'s Hummer brand by a Chinese heavy equipment maker appears stalled by regulators
Hyundai Recalls Sonata to Replace Door Latches
Hyundai Motor on Wednesday announced a recall of about 47,000 of its new Sonata sedans to replace front door latches following a handful
Asian Stocks Slide on U.S. Consumer Confidence Drop
Asian stock markets slid Wednesday after a plunge in American consumer confidence magnified worries about the U.S. recovery.
Silicon Valley Firm to Unveil Breakthrough Fuel Cell
A secretive Silicon Valley startup working on a new way to produce cleaner energy is taking the wraps off its product: a huge box of ...
Intel Suffered Hacker Attack Same Time As Google's
Intel Corp. has revealed that it was targeted by a "sophisticated" hacker attack this year at about the same time as a spying probe that ...
Toyota Says Recalls May Not Fix Acceleration Problem
Toyota's top U.S. official says the company's massive recalls may "not totally" solve the company's problems with unintended acceleration
Wall Street Bonuses Up 17% in Bailout Year
Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed out the financial sector after its meltdown
100-MPH Lexus Ride to Set Tone for Toyota Hearing
Rhonda Smith's story of six miles of interstate terror, as her Lexus suddenly zoomed to 100 miles per hour, will set the mood Tuesday
China Unicom Denies Bidding on Nigerian Phone Co.
State-owned China Unicom Ltd. said Tuesday it has expressed interest in a technical role in the privatization of a Nigerian phone company but denied reports
Toyota Plant Seen As Salvation for Mississippi Town
Terry McShan isn't thinking about car sales analyses or excess capacity when he drives by the idle Toyota plant in northeast Mississippi. He's thinking about ...
S. Korea Gas Co. to Develop Canada Fields
South Korea's state-run gas company is making a $565 million Canadian ($543 million) investment in two northeastern British Columbia natural gas plays.
Japan Unemployment Rate Fell in January
3/1/2010 6:53 PM TOKYO (AP)
Gasoline Prices to Make Seasonal Upward Move
It may not make much sense, given that the economy remains weak, but the cost of filling up your car is about to go higher.
January Chip Sales Up 47.2%
Worldwide semiconductor sales came in at $22.5 billion in January — 47.2 percent above year-earlier levels — the Semiconductor Industry Association reported Monday.
Personal Incomes Flat, Spending Grows in January
Personal spending jumped by a larger amount than expected in January but Americans' incomes barely budged as millions of Social Security recipients
Buffet Says Health Care Costs Hurt U.S. Economy
Billionaire Warren Buffett says health care costs are a major drain on U.S. businesses and act like an "economic tape worm."
Dish Network Gains Subscribers, Profits Beat Views
Dish Network's aggressive advertising blitz grabbed more subscribers for the third straight quarter, the company reported Monday, though that cut into profits
Asian Stocks Rise Again on China Manufacturing Growth
Asian stock markets advanced Monday, with Hong Kong's index up nearly 2 percent, after China said manufacturing continued to grow
Geneva Auto Show Marks Transition to Rocky Recovery
For most of the world's automakers, the Geneva Auto Show will be back-to-business with new model rollouts to put the gotta-have-it gleam
Calif. Solar Project Gets $1.4 Bil. Federal Loan Guarantee
The Obama administration has given preliminary approval for $1.4 billion in loan guarantees for a massive solar-energy project in California's Mojave Desert.
Akio Toyoda to Apologizes to China's Consumers
Toyota says its president Akio Toyoda will speak to reporters in Beijing on Monday about the company's recent quality problems.
Kia Opens First N. American Plant in Georgia
Gov. Sonny Perdue joined Korean and American dignitaries in celebrating the opening of Kia's first North American manufacturing facility
IMF Chief Proposes Creating Alternative to Dollar
Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries
Fannie Mae Seeks $1.53 Bil. Bailout After Big Q4 Loss
Fannie Mae is asking for a federal cash infusion of $15.3 billion after posting another big loss in the fourth quarter of last year.
Cell Phone Cameras Used for Mobile Police Surveillance
Police patrolling the Port of Los Angeles have a new tool to help improve surveillance at one of the nation's busiest ports.
Japan, Britain Data Shore Up World Markets
World markets rose Friday after solid Japanese and British economic data helped shore up investor optimism, a day after concerns about Greece's debt
China's Top State-Owned Studio Eyes Shanghai IPO
China's leading state-owned film studio is gearing up to offer shares on Shanghai's stock market by the end of the year, a senior executive
Japan Industrial Output, Retail Sales Grow
Japan's industrial output rose for the 11th straight month in January amid rising demand in China and elsewhere in Asia while retail sales
Four Top U.S. Carriers Vie for Central Tokyo Route
The four biggest U.S. airlines applied on Tuesday for coveted slots at Tokyo's downtown airport, aiming to grab a bigger share of traffic
Bayer Regeneron Eye Drug Meets Study Goal
Regeneron Pharmaceuticals Inc. and Bayer HealthCare AG said Thursday their developing VEGF Trap-Eye drug met key vision improvement goals
Wal-Mart Profits Jump Amid Declining Sales
Wal-Mart Stores Inc. reported a 22 percent increase in its fourth-quarter profit as the world's largest retailer cut costs and slimmed down its inventories.
Daimler's Q4 Loss Bigger Than Expected
German car and truck maker Daimler AG lost €352 million ($482 million) in the fourth quarter amid the global economic slump, contributing to a larger-than-expected ...
U.S. to Probe Toyota Corolla Power Steering
The Transportation Department plans to open a formal investigation into the 2009-2010 Toyota Corolla over potential problems with the car's power steering
Sands Loss Narrows on Gambling Rebound in Macau, Vegas
Casino operator Las Vegas Sands Corp. said Wednesday that its fourth-quarter loss narrowed as its casinos in Macau showed a strong recovery
HP Profits Grow 25% on PC Sales, Cost-Cutting
Hewlett-Packard Co.'s profit swelled 25 percent in the latest quarter because of cost-cutting and a stronger showing from its personal-computer division.
Eurozone Exports Shrank 18% in 2009
Eurozone exports fell 18 percent in 2009 as world trade contracted and the euro soared against the U.S. dollar, according to official EU data published ...
Toyota Considers Recall of Corolla Power Steering
Toyota is considering a recall of its hot-selling Corolla subcompact after complaints about power steering problems — another blow to the world's largest automaker
World Markets Rise on Strong U.S. Earnings
Asian stocks gained Wednesday on renewed investor confidence in the U.S. economy while concerns about Greece's debt crisis eased.
Manufacturing Growth Offsets Jobless Rate, Lifts Stocks
The stock market edged higher as news of stronger regional manufacturing offset concerns about unemployment and weak sales at Wal-Mart.
Metronics Introduces Brain-Stimulation Implants
Medtronic Inc. said Tuesday it began marketing two surgically implanted devices that are intended to help relieve symptoms for patients with neurodegenerative diseases.
Foreign Demand for U.S. Securities Falls
The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing
Kraft Profits More than Treble on Rising Sales
Kraft Foods Inc. said Tuesday its fourth-quarter profit more than tripled on strength in developing markets and continued benefits
World Markets Cautiously Up on Barclays Earnings
World stock markets mostly rose Tuesday after strong earnings from British bank Barclays PLC and ahead of Wall Street's open following a public holiday in ...
Akio Toyoda Agrees to Answer More Questions
Toyota announced its president will answer more questions on the beleaguered company's massive global recall at a press conference Wednesday
Toyota May Extend Warranties to Keep Customers
Toyota Motor Corp. may offer incentives or increase the length of its warranties as it tries to recover from an embarrassing string of safety-related recalls.
Wireless Carriers Unite for Universal Apps
The world's largest wireless carriers, including the four largest in the U.S., announced Monday that they are combining forces to make it easier for software
Japan's Q4 GDP Grew at 4.6%
Japan's economy beat expectations in the fourth quarter, fueled by robust exports and a pickup in consumer demand at home.
Toyota Dealers Launch Own Campaign to Reclaim Image
How rattled are Toyota dealers about the company's problems? Some dealerships nearly hired the same crisis public relations firm that handled the travails of socialite ...
$1.5 Bil. LAX Expansion Construction Begins
Construction began Monday on a $1.5 billion project to expand the international terminal at Los Angeles International Airport
Toyota Crisis Spotlights Importance of Auto Electronics
Investigations into whatever is lurking behind Toyota's crisis of quality have put a spotlight on all that can go wrong with auto electronics
China Firm Seeks Private Equity to Close Hummer Buy
The planned purchase of General Motors Co.'s Hummer brand by a Chinese heavy equipment maker appears stalled by regulators
Hyundai Recalls Sonata to Replace Door Latches
Hyundai Motor on Wednesday announced a recall of about 47,000 of its new Sonata sedans to replace front door latches following a handful
Asian Stocks Slide on U.S. Consumer Confidence Drop
Asian stock markets slid Wednesday after a plunge in American consumer confidence magnified worries about the U.S. recovery.
Silicon Valley Firm to Unveil Breakthrough Fuel Cell
A secretive Silicon Valley startup working on a new way to produce cleaner energy is taking the wraps off its product: a huge box of ...
Intel Suffered Hacker Attack Same Time As Google's
Intel Corp. has revealed that it was targeted by a "sophisticated" hacker attack this year at about the same time as a spying probe that ...
Toyota Says Recalls May Not Fix Acceleration Problem
Toyota's top U.S. official says the company's massive recalls may "not totally" solve the company's problems with unintended acceleration
Wall Street Bonuses Up 17% in Bailout Year
Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed out the financial sector after its meltdown
100-MPH Lexus Ride to Set Tone for Toyota Hearing
Rhonda Smith's story of six miles of interstate terror, as her Lexus suddenly zoomed to 100 miles per hour, will set the mood Tuesday
China Unicom Denies Bidding on Nigerian Phone Co.
State-owned China Unicom Ltd. said Tuesday it has expressed interest in a technical role in the privatization of a Nigerian phone company but denied reports
Toyota Plant Seen As Salvation for Mississippi Town
Terry McShan isn't thinking about car sales analyses or excess capacity when he drives by the idle Toyota plant in northeast Mississippi. He's thinking about ...
S. Korea Gas Co. to Develop Canada Fields
South Korea's state-run gas company is making a $565 million Canadian ($543 million) investment in two northeastern British Columbia natural gas plays.
Japan Unemployment Rate Fell in January
3/1/2010 6:53 PM TOKYO (AP)
Gasoline Prices to Make Seasonal Upward Move
It may not make much sense, given that the economy remains weak, but the cost of filling up your car is about to go higher.
January Chip Sales Up 47.2%
Worldwide semiconductor sales came in at $22.5 billion in January — 47.2 percent above year-earlier levels — the Semiconductor Industry Association reported Monday.
Personal Incomes Flat, Spending Grows in January
Personal spending jumped by a larger amount than expected in January but Americans' incomes barely budged as millions of Social Security recipients
Buffet Says Health Care Costs Hurt U.S. Economy
Billionaire Warren Buffett says health care costs are a major drain on U.S. businesses and act like an "economic tape worm."
Dish Network Gains Subscribers, Profits Beat Views
Dish Network's aggressive advertising blitz grabbed more subscribers for the third straight quarter, the company reported Monday, though that cut into profits
Asian Stocks Rise Again on China Manufacturing Growth
Asian stock markets advanced Monday, with Hong Kong's index up nearly 2 percent, after China said manufacturing continued to grow
Geneva Auto Show Marks Transition to Rocky Recovery
For most of the world's automakers, the Geneva Auto Show will be back-to-business with new model rollouts to put the gotta-have-it gleam
Calif. Solar Project Gets $1.4 Bil. Federal Loan Guarantee
The Obama administration has given preliminary approval for $1.4 billion in loan guarantees for a massive solar-energy project in California's Mojave Desert.
Akio Toyoda to Apologizes to China's Consumers
Toyota says its president Akio Toyoda will speak to reporters in Beijing on Monday about the company's recent quality problems.
Kia Opens First N. American Plant in Georgia
Gov. Sonny Perdue joined Korean and American dignitaries in celebrating the opening of Kia's first North American manufacturing facility
IMF Chief Proposes Creating Alternative to Dollar
Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries
Fannie Mae Seeks $1.53 Bil. Bailout After Big Q4 Loss
Fannie Mae is asking for a federal cash infusion of $15.3 billion after posting another big loss in the fourth quarter of last year.
Cell Phone Cameras Used for Mobile Police Surveillance
Police patrolling the Port of Los Angeles have a new tool to help improve surveillance at one of the nation's busiest ports.
Japan, Britain Data Shore Up World Markets
World markets rose Friday after solid Japanese and British economic data helped shore up investor optimism, a day after concerns about Greece's debt
China's Top State-Owned Studio Eyes Shanghai IPO
China's leading state-owned film studio is gearing up to offer shares on Shanghai's stock market by the end of the year, a senior executive
Japan Industrial Output, Retail Sales Grow
Japan's industrial output rose for the 11th straight month in January amid rising demand in China and elsewhere in Asia while retail sales
Four Top U.S. Carriers Vie for Central Tokyo Route
The four biggest U.S. airlines applied on Tuesday for coveted slots at Tokyo's downtown airport, aiming to grab a bigger share of traffic
Bayer Regeneron Eye Drug Meets Study Goal
Regeneron Pharmaceuticals Inc. and Bayer HealthCare AG said Thursday their developing VEGF Trap-Eye drug met key vision improvement goals
Wal-Mart Profits Jump Amid Declining Sales
Wal-Mart Stores Inc. reported a 22 percent increase in its fourth-quarter profit as the world's largest retailer cut costs and slimmed down its inventories.
Daimler's Q4 Loss Bigger Than Expected
German car and truck maker Daimler AG lost €352 million ($482 million) in the fourth quarter amid the global economic slump, contributing to a larger-than-expected ...
U.S. to Probe Toyota Corolla Power Steering
The Transportation Department plans to open a formal investigation into the 2009-2010 Toyota Corolla over potential problems with the car's power steering
Sands Loss Narrows on Gambling Rebound in Macau, Vegas
Casino operator Las Vegas Sands Corp. said Wednesday that its fourth-quarter loss narrowed as its casinos in Macau showed a strong recovery
HP Profits Grow 25% on PC Sales, Cost-Cutting
Hewlett-Packard Co.'s profit swelled 25 percent in the latest quarter because of cost-cutting and a stronger showing from its personal-computer division.
Eurozone Exports Shrank 18% in 2009
Eurozone exports fell 18 percent in 2009 as world trade contracted and the euro soared against the U.S. dollar, according to official EU data published ...
Toyota Considers Recall of Corolla Power Steering
Toyota is considering a recall of its hot-selling Corolla subcompact after complaints about power steering problems — another blow to the world's largest automaker
World Markets Rise on Strong U.S. Earnings
Asian stocks gained Wednesday on renewed investor confidence in the U.S. economy while concerns about Greece's debt crisis eased.
Manufacturing Growth Offsets Jobless Rate, Lifts Stocks
The stock market edged higher as news of stronger regional manufacturing offset concerns about unemployment and weak sales at Wal-Mart.
Metronics Introduces Brain-Stimulation Implants
Medtronic Inc. said Tuesday it began marketing two surgically implanted devices that are intended to help relieve symptoms for patients with neurodegenerative diseases.
Foreign Demand for U.S. Securities Falls
The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing
Kraft Profits More than Treble on Rising Sales
Kraft Foods Inc. said Tuesday its fourth-quarter profit more than tripled on strength in developing markets and continued benefits
World Markets Cautiously Up on Barclays Earnings
World stock markets mostly rose Tuesday after strong earnings from British bank Barclays PLC and ahead of Wall Street's open following a public holiday in ...
Akio Toyoda Agrees to Answer More Questions
Toyota announced its president will answer more questions on the beleaguered company's massive global recall at a press conference Wednesday
Toyota May Extend Warranties to Keep Customers
Toyota Motor Corp. may offer incentives or increase the length of its warranties as it tries to recover from an embarrassing string of safety-related recalls.
Wireless Carriers Unite for Universal Apps
The world's largest wireless carriers, including the four largest in the U.S., announced Monday that they are combining forces to make it easier for software
Japan's Q4 GDP Grew at 4.6%
Japan's economy beat expectations in the fourth quarter, fueled by robust exports and a pickup in consumer demand at home.
Toyota Dealers Launch Own Campaign to Reclaim Image
How rattled are Toyota dealers about the company's problems? Some dealerships nearly hired the same crisis public relations firm that handled the travails of socialite ...
$1.5 Bil. LAX Expansion Construction Begins
Construction began Monday on a $1.5 billion project to expand the international terminal at Los Angeles International Airport
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