Report: Toyota To Halt Output Of Sai, Lexus Hybrids On Looming Recall
The Nikkei reports that Toyota Motor Corp. will suspend domestic production of its Sai and Lexus HS250h hybrids, which are to be recalled for faulty brakes, at the end of the week.Japans top automaker intends to submit plans for a recall of the Prius hybrid...
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This Is Just a Fraud, Says Cuomo About BofA/Merrill Deal
The saga about which we spilled so many pixels in the last several months, the one we so lovingly call the BacMerSaga, heated up today with a double shot of news: some potentially very good for the beleaguered bank; some decidedly not-so-good. For starters:...
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Home Builders Buoyant
In a generally dour day, homebuilders are getting quite a bid. The S&P homebuilding index is up 3.3%. Companies such as Lennar, Standard Pacific, Beazer, Hovanian, D.R. Horton and Pulte are all posting tidy increases. Dow Jones Newswires’ Shara Tibken...
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Where's the deficit news?
Free exchange Sovereign debt R.A. | WASHINGTON Not a total mystery why debt concerns have increased YESTERDAY, Paul Krugman's column addressed "fiscal scare tactics", or the seemingly bizarre obsession wth fiscal deficits at a time when the economy is extremely...
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Can The Stock Market Predict the Super Bowl Winner?
The Super Bowl predictor devised by strategist Robert Stovall has often been cited half-jokingly on Wall Street as an indicator of stock market direction based on who wins the big game.On Friday, technical trader Hank Camp put his own twist on the indicator...
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Employment Report: 20K Jobs Lost, 9.7% Unemployment Rate
From the BLS: The unemployment rate fell from 10.0 to 9.7 percent in January, and nonfarm payroll employment was essentially unchanged (-20,000), the U.S. Bureau of Labor Statistics reported today. Employment fell in construction and in transportation and warehousing,...
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You Wish Tim Geithner were a stronger guy
In a press interview that was recorded a few nights ago and broadcast yesterday, Tim Geithner said the kind of thing you want to hear a Treasury Secretary say: the US will absolutely never lose its Aaa debt rating.Insofar as debt ratings (from Moody’s...
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Free exchange smackdown watch
Free exchange European deficits R.A | WASHINGTON Were European governments really profligate? Images: ON FRIDAY, I disputed a point Paul Krugman made herethat the trouble in southern Europe isn't about deficit profligacy, but is instead the result of monetary...
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Bank Failure #16: 1st American State Bank of Minnesota, Hancock, Minnesota
Earlier employment posts today:Employment Report: 20K Jobs Lost, 9.7% Unemployment Rate for graphs of unemployment rate and a comparison to previous recessions.Employment-Population Ratio, Part Time Workers, Temporary WorkersUnemployed over 26 Weeks and Seasonal...
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Apple Says it Will Lower Prices if iPad Doesn't Sell
Remember the kerfuffle over the original iPhone? Apple charged luxe prices for the first few months, and then after it had wrung every possible dollar out of the early adopters, dropped the cost to capture more price-sensitive users. Many of those...
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Lancet Retracts Study Linking Vaccines to Autism
Andrew Wakefield; image Steve Parsons in the Guardian Dr. Andrew Wakefield published a paper in the peer-reviewed Lancet in 1998 linking a combination vaccine for measles, mumps and rubella (MMR) with autism. It caused a stir on both sides of the Atlantic;...
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Employment Chart Roundup
Here are 10 of the most informative charts I’ve seen regarding Friday’s NFP:>Click for bigger (and in some cases, ginormous) chartsNo Job Gains for a DecadeBianco Research~~~Percentage Job Loss form Recession StartChart of the Day~~~Cumulative...
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