Reuters: The Fed will try to calm the markets after it raised the discount rate to .75%. Reuters: The head of Toyota (TM) will go to Congress to testify. Reuters: The Fed’s…
Akio Toyoda, the head of Toyota (TM), will go to Washington to testify before the House Oversight Committee. He did not want to visit Congress, but he ended up with little choice. The…
Douglas A. McIntyre Updated throughout the day. Apple (AAPL) may have a deal with book publishers to sell e-books for $9.99. (NYTimes) Greece may issue a 10-year bond next week with a value of $6.8…
Reuters: US regulators are looking at steering problems on the Toyota (TM) Corolla. Reuters: Greece says it is not seeking EU taxpayers’ money. Reuters: Gold fell on an IMF sale. Reuters: US state…
Markets in Asia were mixed and Shanghai was closed The Nikkei was up .3% to 10,336. Toyota (NYSE:TM) slipped on recall news. The Hang Seng was down .6% to 20,407. At the…
Douglas A. McIntyre The odds that one car company could have three unrelated large recalls of three different sets of vehicles within a month are probably 1,000-to-1. But, that is what will happen Toyota (TM) if…
Douglas A. McIntyre Toyota (TM) president Akio Toyoda announced that a brake override system will be added to all of its new cars. The enhancement to the company’s vehicles will cut engine power when a…
Douglas A. McIntyre Reuters: Obama pushed his nuclear initiative and backed a new plant. Reuters: Oil moved toward $78 on hope of an improved economy. Reuters: Toyota (NYSE:TM) will cut auto output. Reuters: Fidelity says…
Updated throughout the day. KTO Capital Partners will $330 million in Asia hedge funds (Bloomberg). The CEO of former Citigroup (NYSE:C) energy trading unit, Philbro, will start a hedge fund–Astenbeck Capital Management.…
The Wall Street Journal reports that Toyota (TM) will probably become more aggressive as it tests its cars for quality in the future. That may be of little comfort to people who…
Douglas A. McIntyre Reuters: Barclays (NYSE:BCS) earned $18 billion, was more than forecast. Reuters: The Eurozone gave Greece 30 days to show progress on its deficit. Reuters: The number of accident claims involving Toyota (NYSE:TM)…
Toyota (TM) may be in trouble now for its recalls, but over the last ten years, its record of complaints to the National Highway Traffic Safety Administration has been remarkably low. Edmunds…
Reuters: The IMF may join the bailout of Greece. Reuters: The European Central Bank will help in efforts to ease Greek debt. Reuters: Motorola (NYSE:MOT) will split its businesses in half in…
Markets in Asia were mixed The Nikkei rose 1.3% to 10,092. Sony (NYSE:SNE) and Toyota (NYSE:TM) rose. The Hang Seng fell .1% to 20,265. HSBC (NYSE:HBC) dropped slightly. The Shanghai Composite rose…
Douglas A. McIntyre Reuters: The EU summit will address the Greek bailout. Reuters: Google (NASDAQ:GOOG) will test an ultra-high speed broadband system. Reuters: Sweden took that top spot from the US for use of telecom…