Archive for March 3rd, 2010
FDA cracks down on false health claims
The pomegranate juice POM Wonderful may have been touting it’s “wonderfulness” a bit too strongly.
Stocks give up gains
Wall Street erased gains by the close Wednesday, as relief about the day’s economic news gave way to concerns about the job and manufacturing reports due out over the next two days.
Toyota fix in question amid complaints
Federal safety regulators said Wednesday they have received 10 complaints from drivers alleging sudden acceleration in Toyota vehicles that have already been repaired under the automaker’s recent recall.
Dollar slides on Greece budget package
The dollar slipped against other major currencies Wednesday after Greece announced measures to reduce its deficit by four percentage points this year.
Jobs recovery will be sluggish
The annual unemployment rate rose across all states and the nation’s capital last year, with Michigan and Nevada posting the biggest jumps, according to a government report released Wednesday.
GM’s Bob Lutz to retire
General Motors on Wednesday announced that its vice chairman will retire on May 1.
First spark of a jobs recovery
Main Street businesses shed another 18,000 jobs in February, bring the tally of jobs lost from America’s small businesses to nearly 3 million since February 2008, according to a report released Wednesday by payroll processor ADP.
Fed sees continued economic improvement
The economy continued to show modest signs of improvement in recent weeks, although growth was hindered somewhat by bad weather, according to the latest Federal Reserve snapshot of regional economic conditions.
Oil crosses $80
Oil prices gained Wednesday on a weaker dollar and as investors welcomed news that Greece had outlined a plan to cut its deficit.
Auto sales: Still a contact sport
The tabulation of U.S. auto sales for the month of February contains some big surprises. Consider:
