Archive for February 4th, 2010
Prius brakes: Toyota knew, didn’t tell you
Toyota has known about brake problems in its popular Prius cars for some time, going so far as to fix it in new production vehicles, but has kept Prius drivers in the dark about the problem until the Japanese government called for an investigation.
Experian sued over FreeCreditReport.com
A Wisconsin college student filed a class-action complaint against Experian this week, claiming that the company’s ubiquitous ads for FreeCreditReport.com led her to believe she could use the site to get a no-cost credit report.
Senate ready to tackle jobs
Senate Democrats are expected to take up President Obama’s call and start rolling out their job creation package by week’s end.
Rebuilding a shattered economy, $50 at a time
As Haiti continues to dig out from the earthquake that leveled Port-au-Prince, local microlenders are gearing up to begin rebuilding the country’s shattered economy.
Ford rolls out software fix for hybrid brakes
Ford Motor Co. announced Thursday that it will ask owners of its Ford Fusion Hybrid and Mercury Milan Hybrids sedan to bring their car into their Ford dealer to replace software that operates the car’s braking system.
Debt fears rattle market
Fears about the fallout from a growing debt crisis in Europe dragged on Wall Street Thursday, sending the market to its lowest close in three months, with stocks hit across the board.
Congress OKs $1.9 trillion boost in debt limit
The House on Thursday approved a record $1.9 trillion increase in the cap on how much the government can borrow.
Dollar gains on global jitters
The dollar rose against most major currencies Thursday, but remained weak against the yen, as concerns about the global economic recovery — particularly in some European nations — boosted demand for safe investments.
Ex-BofA chief Lewis charged with fraud
New York Attorney General Andrew Cuomo said Thursday it was bringing civil charges against senior Bank of America executives, including former company CEO Ken Lewis, for their role in the company’s controversial purchase of Merrill Lynch.
Commodity prices slip on recovery doubts
Commodity prices sank Thursday as the dollar continued to gain ground on concerns over the strength of global economic recovery.
