Invisible Insurrection

Asian stocks mixed after S&P index clears hurdle (AP)

admin — Fri, 12 Mar 2010 01:32:42 +0000

AP - Asian stock markets were mixed in early trading Friday after the Standard & Poor’s 500 index closed at a 17-month high with investors worried about inflationary pressures in China.

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Asian stocks mixed after S&P index clears hurdle
(AP)

Toyota ‘mystified’ by runaway Prius case in Calif. (AP)

admin — Fri, 12 Mar 2010 00:02:44 +0000

AP - A Toyota executive said Thursday the company is “mystified” by a report that a California man’s Prius gas pedal became stuck and caused the car to speed out of control on a California freeway.

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Toyota ‘mystified’ by runaway Prius case in Calif.
(AP)

Gov’t may seek more authority on vehicle safety (AP)

admin — Thu, 11 Mar 2010 23:45:47 +0000

AP - Government vehicle safety regulators may seek greater authority to investigate defects in cars and trucks and are weighing a range of new safety requirements in response to Toyota’s recall of more than 8 million vehicles over brake and acceleration problems.

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Gov’t may seek more authority on vehicle safety
(AP)

Toyota discounts boost sales, U.S. mulls "black box" (Reuters)

admin — Thu, 11 Mar 2010 22:57:31 +0000

Reuters - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp’s U.S.

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(Reuters)">Toyota discounts boost sales, U.S. mulls "black box"
(Reuters)

Pall fiscal 2Q profit falls short of expectations (AP)

admin — Thu, 11 Mar 2010 22:51:03 +0000

AP - Pall Corp. on Thursday posted a 28 percent rise in its fiscal second-quarter profit, but still fell short of Wall Street estimates.

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Pall fiscal 2Q profit falls short of expectations
(AP)

BP to pay $7 billion for Devon exploration rights (AP)

admin — Thu, 11 Mar 2010 22:28:32 +0000

AP - BP is expanding its dominant oil and gas operations in the Gulf of Mexico and dropping anchor off Brazil with a $7 billion deal to buy exploration rights from Devon Energy.

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BP to pay $7 billion for Devon exploration rights
(AP)

Summary Box: Citi CEO sees return to profitability (AP)

admin — Thu, 11 Mar 2010 22:16:22 +0000

AP - BULLISH OUTLOOK: Citigroup Inc. says its returning to “sustained profitability” after losing billions on bad loans and taking a federal bailout. CEO Vikram Pandit says the bank is shedding risky mortgage assets and shifting focus to emerging markets like Latin America and Asia.

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Summary Box: Citi CEO sees return to profitability
(AP)

Citigroup CEO says bank on path to profitability (AP)

admin — Thu, 11 Mar 2010 21:55:10 +0000

AP - Citigroup Inc. says it’s heading back toward sustained profitability after two years that saw the bank lose billions of dollars and be bailed out by the government.

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Citigroup CEO says bank on path to profitability
(AP)

Dollar dips as Greece announces new spending cuts (AP)

admin — Thu, 11 Mar 2010 21:17:51 +0000

AP - The dollar eased against the euro and the pound Thursday as Greece announced additional salary cuts and tax hikes to deal with its ballooning deficit, while China reported a jump in inflation.

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Dollar dips as Greece announces new spending cuts
(AP)

Coca-Cola FEMSA bottler to change bylaws (AP)

admin — Thu, 11 Mar 2010 20:04:10 +0000

AP - Drinks company Fomento Economico Mexicano SAB said Wednesday its bottler, Coca-Cola FEMSA, plans to change its bylaws so a simple majority of its board can appoint and set compensation of the CEO and people who report directly to him or her.

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Coca-Cola FEMSA bottler to change bylaws
(AP)