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Toyota to announce pedal fix plan in U.S. on Monday

TOKYO (Reuters) – Toyota Motor Corp will announce on Monday details of its plan to fix accelerator pedals that have led to the recall of 2.4 million cars in the United States as it scrambles to put its worst public relations crisis behind it.

[ More ] February 1st, 2010 | No Comments | Posted in Business |

Asia-Pacific trade deal faces skeptical U.S.

(ChinaPost.com.tw) – With its share of trade dwindling in the Asia Pacific, the United States (U.S.) is scrambling to drum up support from a skeptical public for a regional trade deal that can boost exports and create jobs.

[ More ] February 1st, 2010 | No Comments | Posted in Business |
 

U.S. satisfied with recall fix, Toyota chief apologizes

(ChinaPost.com.tw) – United States safety regulators are satisfied with a Toyota Motor Corp. plan for fixing an accelerator problem that is part of a widening global recall and unprecedented sales and production halt, a government official said on Satu…

[ More ] February 1st, 2010 | No Comments | Posted in Business |

GSK set to axe 4,000 jobs in United States, Europe: report

(ChinaPost.com.tw) – British pharmaceuticals giant, GlaxoSmithKline, is to cut up to 4,000 more jobs as it restructures its workforce and focuses increasingly on emerging markets, The Sunday Times reported.

[ More ] February 1st, 2010 | No Comments | Posted in Business |
 

U.S. bailouts created more risk in system: watchdog

(ChinaPost.com.tw) – The government’s response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned.

[ More ] February 1st, 2010 | No Comments | Posted in Business |

Pope urges ‘responsibility’ during tough times

Pope Benedict XVI has urged sense of responsibility from governments, employers and workers as they deal with job losses from the economic crisis.

[ More ] February 1st, 2010 | No Comments | Posted in Business |
 

Bloomingdale’s in Dubai is first outside U.S.

The city with the world’s tallest building now has one more claim to fame: the only Bloomingdale’s outside the United States.

[ More ] February 1st, 2010 | No Comments | Posted in Business |

Global co-operation on financial reforms needed: IMF

HERZILIYA, Israel (Reuters) – International Monetary Fund Managing Director Dominique Strauss-Kahn on Sunday urged the United States, Britain and other countries to cooperate on new policies and regulations in the wake of the financial crisis.

[ More ] February 1st, 2010 | No Comments | Posted in Business |

Real GDP Growth Rate Increases in Q4: What About Unemployment?

Brad DeLong submits: From the Bureau of Economic Analysis: Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 5.7 percent in the fourth quar…

[ More ] January 31st, 2010 | No Comments | Posted in Finance |

Bankers, regulators discuss new reforms at Davos meet

(ChinaPost.com.tw) – Government regulators from the United States and Europe laid out their financial reform plans Saturday before a skeptical banking industry, asking financiers for input but adamant that change was coming with or without their support.

[ More ] January 31st, 2010 | No Comments | Posted in Business |