BUSINESS

Toyota hands over 2006 dissident memo to U.S. panel Posted 15 minutes ago

By Chang-Ran Kim, Asia autos correspondent TOKYO (Reuters) - Toyota Motor said on Thursday it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve safety after a recall crisis at the time. On Monday, Rep ...More

Toyota unit Daihatsu recalls over 274,000 vehicles Posted 23 minutes ago

U.S. dollar still rules, but debt level a risk: S&P Posted 1 hour, 51 minutes ago

NEW YORK (Reuters) - The U.S. dollar is still the most important world currency, Standard & Poor's said on Thursday, but added that rising levels of U.S. debt and dependence on foreigners to finance much of pose risks to the currency's primacy. Without a credible plan to rein ...More

U.S. bailout watchdog criticizes Treasury over GMAC Posted 1 hour, 54 minutes ago

WASHINGTON (Reuters) - The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said on Thursday. The Congressional Oversight Panel, in a new monthly report, said despite three separate bailouts ...More

Macquarie in push to expand U.S. presence: report Posted 6 hours, 3 minutes ago

Money - Dollar Bills

NEW YORK (Reuters) - Macquarie Group Ltd <MQG.AX>, Australia's largest investment bank, wants to add more bankers in the United States to advise energy, industrial and technology companies, Bloomberg reported on Wednesday, citing an interview with a top company executive. Tim Bishop, chief executive officer of Macquarie Capital's ...More

Best Buy bets on 3D TV, but no quick payoffs seen Posted 7 hours, 27 minutes ago

BofA under regulatory pressure to shrink: report Posted 8 hours, 7 minutes ago

A Bank of America customer uses an ATM in Charlotte

CHARLOTTE, North Carolina (Reuters) - Regulators have told Bank of America Corp <BAC.N> Chief Executive Brian Moynihan and other executives that the largest U.S. bank by assets must become "much smaller," Fox Business Network's Charlie Gasparino reported on Wednesday. Industry overseers are increasingly concerned about U.S. banks ...More

Private sector eyes opportunity in Haiti rebuilding Posted 9 hours, 59 minutes ago

Haitians load up blocks to be used for construction to a truck in Port-au-Prince

MIAMI (Reuters) - Rebuilding Haiti after its catastrophic earthquake should generate major contracts for private companies specializing in construction, logistics, transport and security, but U.S. executives say they need a clear reconstruction strategy to shape their business plans. Private sector firms that focus on post-conflict or disaster relief operations gathered ...More

Walmart returns items to shelves after lost sales Posted 10 hours, 32 minutes ago

A Walmart shopping cart is seen in their parking lot in Westbury,New York

SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc has put roughly 300 items back on its U.S. store shelves after the retailer said it "disappointed" customers by not stocking certain products. "We did discontinue some things that people didn't buy very often, but were aggravating to a customer to lose ...More

Senate passes $149 billion for jobless aid Posted 10 hours, 48 minutes ago

WASHINGTON (Reuters) - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November. The measure, approved by a vote of 62 to 36, now heads to the House of ...More

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