Archive for February 1st, 2010
Where Toyota went wrong
When Toyota gets around to doing one of its famous “root cause” analyses of the Great Accelerator Recall, it should start by looking in the mirror.
Stimulus: Secret sequel in the budget
They’re not calling it Stimulus 2, but the Obama administration wants to extend the life of several Recovery Act provisions by building them into the federal budget.
Dollar rises on upbeat reports
The dollar rose against most currencies Monday after upbeat reports, including data on U.S. manufacturing, added to recovery hopes.
Treasurys down on Obama budget
Treasurys fell Monday after the Obama administration unveiled a $3.8 trillion budget and a report showed personal income rose in December.
Obama unveils $3.8 trillion budget
President Obama revealed a $3.8 trillion budget for 2011 on Monday that tries to balance two competing goals: continued government spending to boost the fragile economic recovery and controlling the nation’s deficit.
Oil closes above $74
Oil prices rose Monday after better-than-expected economic reports raised optimism about improved energy demand. A pipeline attack in Nigeria also sparked supply concerns.
Stocks bounce after battering
Stocks surged Monday, starting off a new month with gains, as investors welcomed better-than-expected reports on personal income, manufacturing and Exxon Mobil’s profit.
Toyota announces gas pedal fix
Toyota said Monday it has developed a fix for gas pedals in millions of recalled vehicles and is already shipping the new parts to dealers.
Obama maps route to lower deficits
In his $3.8 trillion budget for next year, President Obama on Monday laid out how Congress can lighten the country’s debt load.
Exxon profit slides 23%
Exxon Mobil reported a 23% drop in quarterly profit Monday as economic conditions remain challenging, but the energy giant’s earnings beat Wall Street’s expectations.
