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AP Business News
02/09/2010 17:06:01
| Toyota seeks damage control, in public and private
WASHINGTON (AP) - In public, Toyota is running apologetic TV ads and vowing to win back customers' trust. Behind the scenes, the besieged carmaker is trying to learn all it can about congressional investigations, maybe even steer them if it can. It's part of an all-out drive by the world's biggest auto manufacturer to redeem its once unassailable brand - hit anew on Tuesday as Toyota's global recall ballooned to 8.5 million cars and trucks. The day's safety recall of 440,000 of its flagship Prius and other hybrids, plus a Tokyo news conference where the company's president read a statement in English pledging to ``regain the confidence of our customers,'' underscored a determination to keep buyers' faith from sinking to unrecoverable depths. More » | EU nations' reality: Greece's woes are theirs, too
BRUSSELS (AP) - Wealthy European nations were moving closer toward swallowing a bitter pill Tuesday: rescuing Greece from its own overspending to stop its debt crisis from dragging down the euro and stock markets all the way to Wall Street. Stocks in the U.S. and Europe rose on expectations of some kind of decisive action to stem fears of a Greek debt default from spreading to other countries, undermining Europe's hesitant economic recovery. More » | Google's e-mail gets social in Facebook face-off
MOUNTAIN VIEW, Calif. (AP) - Google is making it easier to socialize on its e-mail service. It's unveiling a new ``Google Buzz'' feature that sets up a face-off with Facebook. The feature unveiled Tuesday will enable Gmail users to create status updates on Google Buzz and read and comment on the updates posted by their friends. More » | Paulson says nation may profit from bank bailout
OMAHA, Neb. (AP) - Henry Paulson, the former Treasury chief, and billionaire Warren Buffett said taxpayers will recover every cent paid out to banks during the economic meltdown and may even turn a profit. The staunch Democrat investor and the Treasury secretary under President George W. Bush spoke onstage Tuesday before 2,400 at the Greater Omaha Chamber of Commerce's annual meeting. More » | Strong overseas sales put fizz in Coca-Cola's 4Q
NEW YORK (AP) - International sales again added fizz to Coca-Cola's fourth quarter, while sales in North America softened, to lift profit 55 percent in the last three months of the year. Although the economy appears to be slowly improving, the CEO of the world's largest beverage maker said Tuesday he expects 2010 to be another difficult year. More » |
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