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Tag Archives: financial
The Fire This Time: Is This Health Care’s Moment?
Economic crises come and go, but entitlements are forever. The Great Depression eventually dissipated, but Franklin Roosevelt’s crown jewel — the Social Security system — is still with us. And so it will be with the Obama Administration
Toyota reports first annual loss
Toyota reported a first-ever annual net loss of $4.4 billion on Friday, the latest automobile maker to be battered by the credit crisis. Net revenue for the fiscal year ending March 31 was down nearly 22 percent, with total sales of 7.6 million vehicles — 1.3 million fewer than the previous year. The company dividend will be reduced to 100 yen per share, down from 140 yen per share last year The appreciation of the yen against major currencies, rise in raw material costs and the collapse of the auto market in Europe and North America led to the company’s annual loss, said Katsuaki Watanabe, Toyota president, at a press conference.
The Bank Stress Tests: A $75 Billion Mid-Term Exam
Federal Reserve chairman Ben Bernanke, speaking via satellite to a bank conference sponsored by the Chicago Federal Reserve Bank, said on Thursday morning that the stress tests ‘will allow, I hope, for greater confidence in the banks.’ But even though the stress tests are over, the banks and their investors are not out of the woods.
Prepaid wireless service could spur price war
The prepaid cell phone market has finally hit the U.S. in a big way as economically strapped consumers flock to inexpensive pay-as-you-go services. The result will likely mean that big cell phone providers may be forced to slash prices on contract service plans to keep consumers from defecting
VW and Porsche to merge
Iconic German automakers Volkswagen and Porsche have reached an agreement to merge operations — the latest move in an industry that has seen whiplash changes in recent weeks. The two companies have been in talks in recent weeks about merging manufacturing operations
J. Crew and Talbots: Can Michelle Obama Save Fashion Retail?
How much has Michelle Obama shaken up the fashion world? Well, name one other woman whose dress receives a birthday tribute. In January, the clothing retailer White House Black Market set up a swag suite at the Sundance Film Festival.
Zardari: Pakistan’s nuclear arsenal is safe
Pakistani President Asif Ali Zardari on Tuesday insisted that his country’s nuclear arsenal is "definitely safe," despite growing concerns about recent gains by the Taliban along the country’s border with Afghanistan.
Work nightmare No.1: The very bad boss
About a year ago, I bumped into a friend whose daughter, Amanda, used to drive me a little crazy when she was in high school. Not because she committed any of the typical teenage transgressions but because she was perfect. She got great grades, made captain of two teams, played violin in the school orchestra, and was completely down-to-earth and cheerful to boot
Fiat plans to purchase GM Europe
Fiat Group, fresh from an agreement to buy a piece of troubled automaker Chrysler, has plans to purchase GM Europe and spin-off the recombined carmakers into a new company. If successful, the new company would become one of the largest car manufacturers in the world behind Toyota. The combined company would generate about $100 billion a year with sales of between 6 and 7 million cars a year.