(PTI): Toyota has frozen the sale of eight models of its cars in the US in response to growing concerns over their potentially defective accelerator pedals. The world’s premier automaker declared that as of February 1 it would cease the production of some of its popular models, including the Camry, in order to resolve the [...]
Toyota suspends sales of 8 US models
Published in February 2nd, 2010
Posted by The Business Time in Business
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Japan Airlines shares fall 24%
Published in January 2nd, 2010
Posted by The Business Time in Business
(PTI): Japan Airlines shares have plummeted to a record low on the year’s last trading day following speculation that the South Asian flag carrier is to seek bankruptcy. Japanese stocks fell the most in three weeks on Wednesday as nervous investors continued to unload shares of struggling Japan Airlines Corp (JAL). JAL shares dropped 24 [...]
Russian hackers attack Citigroup system
Published in January 1st, 2010
(PTI): Russian hackers reportedly have stolen tens of millions of dollars from Citigroup, a claim rejected by the US banking giant. Citing anonymous government officials, the Wall Street Journal reported that the hackers, related to a Russian cyber gang, attacked Citigroup’s computer systems
Toyota plans to raise output to 7.5mn units
Published in December 31st, 2009
Posted by The Business Time in Business
(PTI): Russian hackers reportedly have stolen tens of millions of dollars from Citigroup, a claim rejected by the US banking giant. Citing anonymous government officials, the Wall Street Journal reported that the hackers, related to a Russian cyber gang, attacked
China’s industrial output to grow 11%
Published in December 30th, 2009
Posted by The Business Time in Business
(PTI): China’s industrial output is expected to rise an estimated 11 percent in 2010 based on an 8 percent economic growth target set by the government. As China’s industrial production will likely have an 11 percent increase over next year, achieving the government’s target of 8% growth in Gross Domestic Product (GDP) will be “no [...]
Japan unveils record $1 trillion budget
Published in December 29th, 2009
Posted by The Business Time in Business
(PTI):Japan has unveiled a record 92.29 trillion yen ($1 trillion) annual budget designed to revive its recession-hit economy. Japan’s three-month-old cabinet approved the budget for the next financial year that begins in April amid growing worries about its mounting debt. The budget reflects Prime Minister Yukio Hatoyama’s campaign pledge to increase spending for child
