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5 new accidents involving Toyota Prius confirmed: report
Written on 10 Feb, 2010 at 11:38 in Business | viewed 58 views times | 0 Comments
The Japanese government has confirmed five new accidents involving Toyota Motor’s Prius hybrids and will urge the troubled car giant to investigate the cases, a newspaper reported Saturday. The Transport Ministry has received some 80 complaints in February about malfunctions... (Continue reading)
Beazer Homes posts a $48 million profit for Q1
Written on 10 Feb, 2010 at 11:36 in Business | viewed 81 views times | 0 Comments
Homebuyers spurred by low interest rates and government incentives helped lift Beazer Homes USA Inc.’s sales in the last three months of 2009, but the builder only turned a profit because of a hefty tax gain. Management said Friday it... (Continue reading)
WA among states weighing sale of liquor business
Written on 10 Feb, 2010 at 11:34 in Business | viewed 35 views times | 0 Comments
Thousands of cases of whiskey, vodka and rum zip along three miles of conveyor belts inside a massive distribution center in industrial south Seattle, the sole location for shipping booze to liquor stores across Washington state. The 250,000-square-foot warehouse is... (Continue reading)
Toyota chief apologizes for massive global recalls
Toyota’s president emerged from seclusion Friday to apologize and address criticism that the automaker mishandled a crisis over sticking gas pedals. Yet he stopped short of ordering a recall for the company’s iconic Prius hybrid for braking problems. Akio Toyoda,... (Continue reading)
Earnings Preview: Electronic Arts
Written on 10 Feb, 2010 at 10:52 in Business, Money, Techonology | viewed 44 views times | 0 Comments
Video game publisher Electronic Arts Inc. reports its fiscal third-quarter results after the stock market closes Monday, the day after running its first-ever Super Bowl advertisement. WHAT TO WATCH FOR: EA, known for games such as “The Sims” and the... (Continue reading)
Wall Street bonuses outrage Americans
The figures on Wall Street bonuses for top executives who benefited from the TARP bailouts that began in November of last year are beginning to surface, and the news is breathtaking on a couple of different levels. The first thing... (Continue reading)
SEC accuses 3 ex-New Century execs of fraud
Written on 17 Dec, 2009 at 17:19 in Business | viewed 48 views times | 0 Comments
Federal regulators on Monday accused three former top executives of collapsed mortgage lender New Century Financial Corp. of fraud, saying they misled investors as the company’s subprime loan business was failing in 2006. In a case stemming from the mortgage... (Continue reading)
Home Depot to launch Martha Stewart paint line
Written on 17 Dec, 2009 at 17:18 in Business | viewed 35 views times | 0 Comments
The Home Depot Inc. will start selling Martha Stewart-branded paint and cleaning products next year in addition to the home decor and closet organization lines announced in September, the nation’s largest home improvement retailer said Monday. Martha Stewart Living Omnimedia... (Continue reading)
Crude prices, gas prices fall
Written on 17 Dec, 2009 at 17:18 in Business | viewed 45 views times | 0 Comments
Crude prices have trended lower for well over than a month and grew even cheaper Monday, which might lead some to believe prices at the pump would follow along. That’s not necessarily been the case so far. Demand for gasoline,... (Continue reading)
Drop in jobless rate sparks optimism
Written on 8 Dec, 2009 at 15:58 in Business | viewed 39 views times | 0 Comments
An unexpected drop in the unemployment rate and in job losses in November excited investors Friday and raised hopes for a sustained economic recovery and provided a rare dose of good news for a labor market that has seen 7.2... (Continue reading)
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