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Toyota Promises Quicker Response on Quality Issues
Toyota promised Tuesday to respond faster to customer complaints as it held its first meeting of a committee of quality experts set up to help salvage the company?s battered reputation.
Malaysia?s Prime Minister Unveils Economic Reforms
Najib Razak?s ?New Economic Model? said Malaysia would grow by 6.5 percent a year from 2011 to 2020 so as to be able to join the club of developed nations.
Hutchison Whampoa?s Profit Soars, but Forecasts Are Missed
Billionaire Li Ka-shing?s ports-to-telecoms flagship company saw its second-half earnings more than double, but weak results for its ports and energy divisions caused the firm to miss forecasts.
Japanese industrial output falls
Japan's factory output falls for the first time in a year while unemployment remains unchanged, figures show.
RBS fined £28.6m over rule breach
Royal Bank of Scotland has been fined £28.6m by the Office of Fair Trading (OFT) after breaking competition rules.
House price inflation 'slows'
House price inflation eased slightly in March, rising by 0.7% during the month, the Nationwide building society says.
Toyota promises quicker response on quality issues
AP - Toyota promised Tuesday to respond faster to customer complaints as it held its first meeting of a committee of quality experts set up to help salvage a reputation battered by massive recalls and reports of runaway vehicles.
Japan's factory output down, jobless rate steady
AP - Cautious Japanese companies laid off more workers and hit the brakes on production in February, sending factory output down for the first time in a year.
Oil hovers above $82 after leaping previous day
AP - Oil prices were steady above $82 a barrel Tuesday in Asia, pausing after a leap the previous day fueled by a U.S. dollar drop and surging equity markets.
Toyota Promises Quicker Response on Quality
Executives said that the company would respond promptly to customer complaints, as the automaker held its first meeting of a committee of quality experts.
Stocks and Bonds: Shares Rise on Consumer Spending Report
Traders were also reassured by reports that Greece, facing imminent deadlines for paying back its widening debt, was planning a bond sale.
Toyota to 'respond more quickly'
Toyota says it will listen more carefully to customers following the recall of millions of cars over safety fears.
Social care 'levy for all' plan
A compulsory levy will be introduced to help pay for social care for adults in England, under plans to be unveiled by ministers.
Fuel poverty aims 'to be missed'
The government is on course to fail to meet its own targets on reducing fuel poverty, a committee of MPs warns.
Aer Lingus full-year loss widens 18 pct
AP - Irish airline Aer Lingus Group PLC on Tuesday said its full year loss widened by 18 percent to euro130 million ($176 million) in 2009 as revenue declined amid a painful recession.
Oil rises to near $83 as Asian equities gain
AP - Oil prices rose to near $83 a barrel Tuesday in Asia, extending gains from the previous day fueled by a U.S. dollar drop and surging equity markets.
Toyota vows change as quality control panel meets
Reuters - Toyota Motor Corp, reeling from a recall crisis, launched a task force on Tuesday aimed at regaining consumer trust and pledged to give more clout to its regional operations to speed up decisions on quality issues.
Toyota Promises Prompt Response on Quality Issues
Toyota promised Tuesday to respond faster to customer complaints as it held its first quality committee meeting.
Irish banks to get more state aid
The Irish government is expected to announce plans to invest even more money in the country's struggling banking sector later.
UK economic growth revised upwards
The UK economy grew by 0.4% in the last three months of 2009, faster than previously estimated, official figures show.
SEC probe into accounting tricks
The US financial regulator launches an investigation into accounting tricks by banks designed to mask heavy losses.
Axa Asia accepts takeover offer
Axa Asia Pacific agrees to a takeover bid by National Australia Bank and French parent Axa.
Bribes in China
The murky world of corruption makes business tough
World stocks gain as US economic outlook brightens
AP - World stocks rose Tuesday as the outlook for economic recovery brightened after upbeat consumer spending figures in the U.S. The euro also gained after Greece managed to raise money on capital markets, but worries about its debt load lingered.
Obama signs health care reconciliation bill
AP - President Barack Obama is signing a bill Tuesday that finalizes his big health care overhaul and revamps the U.S. student loan system.
China's Geely to pump up to $900 million into Volvo
Reuters - Zhejiang Geely Holding Group, China's biggest private carmaker, said on Tuesday that it is prepared to pump up to $900 million into the Volvo unit it is buying from Ford , as part of its plan to return the Swedish carmaker to the black.
Toyota Vows Change as Quality Panel Meets
Toyota Motor promised to listen more carefully to customers and speed up its response to potential defects as it called its first meeting of executives charged with overseeing safety.
National Australia Bank Strikes Deal With AXA
The Australian bank secured agreement for a multibillion-dollar deal that would effectively carve up the Asia-Pacific operations of the French insurance giant.
Miners in landmark iron ore deals
Two of the world's biggest mining firms agree landmark deals with steel mills to buy iron ore on short-term contracts.
Bank tax 'must be international'
Banks will leave the UK if there is not international cooperation on any tougher financial regulation, the chancellor says.
Chancellors square up in debate
Alistair Darling clashes with his Tory and Lib Dem counterparts over tax rises and spending cuts in a live TV debate.
Social care levy plans unveiled
A compulsory levy will be introduced to help pay for social care for adults in England, under government plans.
Xerox exec who turned company around to retire
AP - Xerox says Chairman Anne Mulcahy, who is credited with turning the company around over the past decade, plans to retire in May.
Ireland seen nationalizing more banks in new plan
AP - Ireland's government prepared Tuesday to announce new steps to solve its banking crisis, with the effective nationalization of two or three more banks expected to be part of the process.
Bloomsbury earns lose Harry Potter magic
AP - Bloomsbury Publishing PLC reported a 36 percent fall in net profit for 2009 — its first year without a new hardback or paperback Harry Potter release — but said that other best-sellers had given a boost to the start of trading this year.
Airline SAS sees Q1 loss before tax of $138 mln
AP - Scandinavian airline group SAS AB says it expects a loss before tax of 1 billion kronor ($138 million) in the first quarter due to weak demand and negative effects from currency exchange rates.
Consensus for financial regulations fading: IMF
Reuters - An international drive to impose new regulations in the wake of the financial crisis is fading and global cooperation is diminishing, the managing director of the International Monetary Fund said on Tuesday.
Oil prices tread water after big gains
AFP - Crude oil prices paused on Tuesday, as traders digested bumper gains made the previous day, and awaited this week's weekly US energy inventories report, analysts said.
China's Geely to put $900 million more into Volvo
AP - Chinese automaker Zhejiang Geely Holding Group expects to spend hundreds of millions of dollars beyond the $1.8 billion purchase price for Volvo Cars to make the Swedish car company profitable, Geely's chairman said Tuesday.
Harvard Dean Search: 'Vision' a Must
BusinessWeek - For the first time, the three top business schools in the Bloomberg BusinessWeek ranking of full-time MBA programs find themselves with vacancies in the dean's office.On Mar.25, we launched a three-part series examining the dean searches now underway at No.1 University of Chicago's Booth School of Business (Booth Full-Time MBA Profile), No.2 Harvard Business School (Harvard Full-Time MBA Profile), and No.3 Northwestern University's Kellogg School of Management (Kellogg Full-Time MBA Profile). ...
A Mixed Report on Home Prices in January
While the Case-Shiller index showed home prices were slightly higher in January than in December, the rebound seems to be fading.
Toyota Quality Panel Promises Change
Toyota Motor promised to listen more carefully to customers and speed up its response to potential defects as it called its first meeting of executives charged with overseeing safety.
E.U. Expands Airline 'Blacklist' on Safety Concerns
The European Union on Tuesday banned all airlines from the Philippines and Sudan from flying into the region's airports, citing 'serious safety deficiencies.'
Wall Street Opens Quietly on Mixed Economic Signals
While the euro gained slightly after Greece managed to raise money, concerns about that country?s debt load lingered.
Fine Upheld Against Total in 1999 Oil Spill
A French appeals court confirmed a landmark ruling that the oil giant and related parties were responsible for environmental damage caused by a spill from the tanker Erika off Brittany.
IMF cuts German growth projection
The International Monetary Fund cuts its 2010 growth projection for the German economy to 1.2% from 1.5%.
Barbs traded over Rio Tinto case
China and Australia trade criticism in the wake of the jailing of four Rio Tinto executives for corruption.
BA and Unite plea to solve strike
The head of British Airways declares the latest cabin crew strike a failure and calls on the Unite union to 'give peace a chance'.
Quinn insurance in administration
A company owned by a County Fermanagh businessman has been placed into administration at the High Court in Dublin.
Greece bond issue makes 5bn euros
Greece raises 5bn euros from a bond issue as it continues to secure the funds needed to pull the country out of its debt crisis.
Social care 'levy for everyone'
A compulsory levy should be introduced to fund a universal social care system for adults in England, Labour says.
Stocks move higher on upbeat economic data
AP - Growing optimism that consumers are regaining confidence sent stocks higher again on Tuesday.
Court says judges can settle mutual fund fee fight
AP - The federal courts will resolve the question of whether mutual funds are charging too much in fees, the Supreme Court says.
Home prices post smallest annual decline in 3 yrs
AP - Home prices showed the smallest annual decline in almost three years in January, indicating there are surprising areas of strength in the housing market.
Greece faces high rates despite eurozone backstop
AP - Markets drove up Greece's borrowing costs again Tuesday despite last week's promise of a financial backstop from other eurozone countries, indicating the country's debt crisis is far from over.
New board for Dubai World unit Nakheel appointed
AP - A council overseeing the restructuring of Dubai's chief conglomerate said Tuesday a new board had been named to oversee the restructuring of the deeply indebted Dubai World property development unit Nakheel.
Canada Feb raw material prices unexpectedly higher
Reuters - Canadian raw material prices unexpectedly rose in February mainly because of more expensive crude oil, while producer prices remained unchanged as expected, according to Statistics Canada data on Tuesday.
E.U. Expands Airline ?Blacklist?
The European Union on Tuesday banned all airlines from the Philippines and Sudan from flying into the region's airports, citing 'serious safety deficiencies.'
Justices Set Aside Ruling on Mutual Fund Fees
The Supreme Court ordered a lower court to reconsider a lawsuit seeking to rein in what some investors are calling excessive fees on mutual funds.
Abu Dhabi Sheikh, Sovereign Fund Head, Found Dead
The body of the managing director of Abu Dhabi Investment Authority has been found after a glider crash in Morocco, state media reported.
R.B.S. Fined $43 Million for Sharing Price Data
The other bank involved, Barclays, reported the incident and is not expected to face a fine.
Tapping could be key to even smaller gadgets
Tapping your forearm or hand with a finger could soon be the way you interact with gadgets.
Stocks waver after upbeat economic data
AP - Stock prices wavered Tuesday as investors made last-minute portfolio adjustments as the end of the quarter approached.
Nissan electric car to cost $25K after tax credit
AP - Nissan Motor Co. said Tuesday its new electric car will cost just over $25,000 in the U.S., a move that could force rivals to lower prices on similar vehicles.
Spain slashes hiring to cut deficit
AP - Spain's government announced a 90 percent cut in hiring of civil servants as part of an austerity plan designed to chip away at a ballooning budget deficit.
Body of UAE fund director found after glider crash
AP - Moroccan authorities recovered the body of the director of the world's largest sovereign wealth fund Tuesday, five days after a glider he was riding in plunged into a lake in the North African kingdom.
IMF: financial regulation reform losing momentum
AP - The international drive to reform financial regulation is losing steam as signs of recovery in the global economy decrease leaders' sense of urgency, the managing director of the International Monetary Fund warned Tuesday.
California rebound boosts 20-city home price index
AP - A surprisingly strong rebound in California's real estate market helped lift a key home price index for the eighth month in a row.
Benchmark crude holds above $82
AP - Oil prices held almost steady, above $82 a barrel Tuesday, propped up by consumer confidence numbers that were better than expected.
Google Says Glitch Blocks China Service
The company said the problem was apparently a technical glitch of its own that caused searches to be blocked by China?s powerful Internet filter.
Incentives Helped March Sales Rebound, Toyota Says
As executives charged with overseeing safety met in Japan, Toyota said its sales most likely rose in March.
Chrysler Expects to Break Even in 2010, Marchionne Says
The company also plans to present a five-year plan in April that would outline the steps it would take to get back to sustained growth.
Ireland Lays Out a Plan to Help Rescue Its Banks
The plan includes helping the banks raise $30 billion and a ?bad bank? to handle failing loans.
Shares Struggle After Housing and Consumer Reports
Investors were cautious after reports brought into focus the steep hurdles facing the housing market and consumers.
Irish banks to get fresh billions
The Irish government will inject another 8.3bn euros (£7.4bn, $9.9bn) into the nationalised Anglo Irish Bank, it is announced.
Legal action to stop rail strike
Network Rail is taking legal action in a bid to avert planned strikes by signallers in a row over jobs and weekend working.
Nissan will sell electric car for just over $25K
AP - Nissan Motor Co. said Tuesday its new electric car will cost just over $25,000 in the U.S., a move that could force rivals to lower prices on similar vehicles.
Scientist: FDA suppressed imaging safety concerns
AP - A former Food and Drug Administration scientist said Tuesday his job was eliminated after he raised concerns about the risks of radiation exposure from high-grade medical scanning.
Europe risks 'second league' of world economies: IMF
AFP - Europe is in danger of being relegated to the second division of world economic powers, while the United States and Asia bounce out of the global downturn, the head of the IMF warned on Tuesday.
Renault-Nissan in deal with Spain's Acciona for electric cars
AFP - Automakers Renault and Nissan signed a deal with Spanish energy and infrastructure group Acciona on Tuesday to market electric cars in the country, the three companies announced.
Ford Shifts Gears and Gains Ground in Asia
Ford has cut back on luxury models and increased output of smaller, fuel-efficient cars.
Technology Coalition Urges Stronger Online Privacy Laws
Microsoft, Google and other companies are pushing to protect private information from government access.
Wall Street Manages to Stay on Positive Side
While the euro slightly gained after Greece managed to raise money, concerns about that country?s debt load lingered.
Anne Mulcahy to Step Down as Chairwoman at Xerox
Ursula M. Burns, who became chief executive in July, will assume the role of chairman in May, after Anne M. Mulcahy retires.
Consumers slowly show signs of springing back
AP - Signs of life in consumer spending are sprouting this spring.
Sallie Mae CEO's compensation put at $5.4 million
AP - The CEO of student loan provider Sallie Mae received compensation valued at nearly $5.4 million last year, a 35 percent cut from 2008, according to an analysis of a regulatory filing Tuesday.
Toyota says March U.S. sales rose about 35 percent
Reuters - Toyota Motor Corp's (7203.T) U.S. sales rose about 35 percent in March from a year earlier after the automaker offered steep discounts to win back consumers after massive recalls, a U.S. executive said on Tuesday.
Crude Oil Prices Seem to Hit a Sweet Spot
The price is high enough to drive investment in production and alternative energy, but low enough that consumers can bear it.
Risks Seen in Wider Use of Statins Like Crestor
With the government?s blessing, a drug giant is about to expand the market for its blockbuster cholesterol medication to customers who would use it as a preventive measure.
Square Feet: Brooklyn?s Federal Building No. 2 Holds Dreams of Jobs
New York is trying to sell the former Federal Building No. 2 in Brooklyn, a 1.1-million-square-foot structure.
Kapow! Superman helps reclaim record price for a comic book
Superman soars back into the record books, reclaiming the title of the highest price paid for a comic from Batman.
Legal attempt to stop rail strike
Network Rail is taking legal action in a bid to avert planned strikes by signallers in a row over jobs and weekend working.
Landec fiscal 3Q profit rises but misses estimates
AP - Landec Corp., which makes agricultural and food packaging products, said Tuesday that its fiscal third-quarter profit climbed nearly 13 percent as its fresh-cut vegetable subsidiary gained market share.
GMAC spent $265K on fourth-quarter lobbying
AP - Struggling auto and mortgage lender GMAC spent $265,000 on lobbying in the fourth quarter, much less than before it received a $17.2 billion government bailout.
Toyota spent $1.4 million on 4Q lobbying
AP - The North American branch of automaker Toyota Motor Corp. spent $1.4 million lobbying Congress and the federal government during the fourth quarter on issues related to distracted driving, consumer protections and patents, according to a recent filing.
Oil Prices Find Sweet Spot for World Economy
Current prices are high enough to drive investment and prompt conservation but low enough for the world economy to grow.
Ford Gains Ground in Asia With Small Cars
Ford has cut back on luxury models and increased output of smaller, fuel-efficient cars.
Oil Spill Verdict Against Total Is Affirmed
A French appeals court held the oil giant Total and related parties responsible for environmental damage caused by a tanker spill in 1999.
Access to Google Is Interrupted in China
Users trying to access the site in English and Chinese reached the home page but were unable to complete searches.
Courts Can Oversee Mutual Funds? Pay, Justices Rule
The Supreme Court ordered a lower court to reconsider a lawsuit seeking to rein in what some investors are calling excessive fees on mutual funds.
Square Feet: Job Hopes Pinned on a Hulking Brooklyn Warehouse
New York is trying to sell the former Federal Building No. 2 in Brooklyn, a 1.1-million-square-foot structure.
Square Feet: A Visionary Makes an Artsy Bet in Miami
A developer who invested in neighborhood comebacks in New York and Philadelphia is trying to do the same in an industrial area of Miami.
Advertising: Marketers Start Warm-Ups for the World Cup
Campaigns to run during the World Cup highlight how advertisers are stepping up support for marquee televised events, known as big event TV.
Body of Emirates Fund Director Found
Moroccan authorities recovered the body of the director of the world?s largest sovereign wealth fund Tuesday, five days after a glider he was riding in plunged into a lake.
Volcker Is Optimistic for Financial Revamping This Year
Paul Volcker, the former chairman of the Federal Reserve, is also critical of the growth of the financial industry.
Opulent Island Is a Compass for China?s Financial Psyche
Hainan, a tourist destination in the South China Sea, has become a potent symbol of China?s economic vitality ? or, perhaps, its excesses.
Ambassador Theater Group Seeks Trans-Atlantic Sharing
Ambassador, the leading theater owner in Britain, wants to expand transfer possibilities on Broadway and beyond.
Greece Struggles Continue, Despite Vows of Aid
The markets drove up Greece?s borrowing costs again, an indication that the country?s debt crisis was far from over.
NASA and National Academy of Sciences Join Toyota Study
NASA and the National Academy of Sciences are joining the government?s effort to figure out what caused the sudden acceleration problems.
Emotional trip
UK van-maker visits the Turkish factory that got his job
Sky may be forced to cut prices
Ofcom is expected to rule later that Sky must cap the prices it charges rivals to show its premium sport and film channels.
Call to clean up cash Isa market
A watchdog wants an investigation into the use of temporary headline interest rates to attract savers to cash Isas.
Summary Box: Nissan sets electric car price
AP - THE DEAL: Nissan Motor Co. says it will sell its Leaf electric car for just over $25,000 in the U.S., including a government tax credit. The base sticker price is $32,780. The Leaf can travel 100 miles on a charge from a home outlet.
Lender wants Sex.com bankruptcy case thrown out
Reuters - A lender which claims it is owed millions by the Sex.com domain name operator is asking a U.S. bankruptcy court to dismiss an involuntary bankruptcy case against the company, so it can resume a foreclosure auction, according to new court documents.
Hybrid and Electric car at a glance
AP - The move from cars powered by gas or diesel engines to those that run on electricity will start to hit its stride this year with the introduction of the Nissan Leaf and Chevrolet Volt. Three types of vehicles are emerging as automakers look for ways to get better gas mileage or avoid gasoline completely:
Taking Stock After Gene Patents Are Invalidated
Many biotechnology stocks fell as investors struggled to understand the impact of a ruling that threw out parts of two gene patents and called into question thousands more.
With Hirings, Yahoo Steps Up News Coverage
The company is bringing in journalists, some from traditional outlets, to create more original content.
In E-Book Era, You Can?t Even Judge a Cover
The digital age poses a slight problem for publishers and authors, who receive free advertising for their books in printed form.
3 Women Sue Bank of America, Merrill Over Bias
Three financial advisers accused the companies of giving male counterparts bigger bonuses and better opportunities.
A Compass for China?s Financial Psyche
Hainan, a tourist destination in the South China Sea, has become a symbol of China?s economic vitality, or perhaps its excesses.
Activists? E-Mails Hacked in China
Infiltrations that appeared to be aimed at people who write about China and Taiwan rendered their Yahoo accounts inaccessible, according to those affected.
ESPN Will Show Woods?s First Shot Live at Masters
Augusta National Golf Club will allow live broadcast of Woods and his group?s first shots but nothing after that.
As Moscow Was Jolted, State TV Slept
As frantic Muscovites turned to Russia?s main television channels after suicide bombers struck on Monday, they were astonished to find only the usual lineup of cooking shows and police dramas.
Economic Scene: Limp Rules in U.S. on Toxins and Consumer Safety
America has not been as aggressive as it could be in alleviating toxic risks in everyday products.
Most Asian markets higher in early trade
AP - Most Asian stock markets made modest gains in early trading Wednesday after Wall Street posted its fourth straight gain, pointing toward an upbeat end to the quarter.
Asian Markets Lower Ahead of Holiday and Jobs Report
Asian stock markets were mostly lower Wednesday as investors pared bets ahead of a key U.S. jobs report on Friday and the Easter long weekend.
On China?s Hainan Island, the Boom Is Deafening
Hainan, a tourist destination in the South China Sea, has become a symbol of China?s economic vitality, or perhaps its excesses.
Journalists? E-Mails Hacked in China
Infiltrations that appeared to be aimed at people who write about China and Taiwan rendered their Yahoo accounts inaccessible, according to those affected.
In Florida, the Seafood Becomes Less Local
Anglers face a double whammy: stricter federal limits and greater restaurant reliance on imported fish.
Russian TV on Sidelines After Attacks in Subway
As frantic Muscovites turned to Russia?s main television channels after suicide bombers struck on Monday, they were astonished to find only the usual lineup of cooking shows and police dramas.
Economic Scene: Weak Rules in U.S. on Toxins and Consumer Safety
America has not been as aggressive as it could be in alleviating toxic risks in everyday products.
Asian markets lower ahead of holiday, jobs data
AP - Asian stock markets were mostly lower Wednesday as investors pared bets ahead of a key U.S. jobs report on Friday and the Easter long weekend.
Lincoln to join luxury hybrid market
AP - Ford Motor Co. will become a player in the small market for luxury hybrids this fall when it launches its first Lincoln hybrid, a gas-electric version of the 2011 Lincoln MKZ.
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