Today in Washington, Secretary of Transportation Ray LaHood publicly blasted Toyota for being slow to react to concerns about its accelerators and unintended acceleration. LaHood said federal safety officials had to "wake them (Toyota) up" to the seriousness of the pedal issue.
Investors are struggling to make sense of Tuesday's market action. Industrials and materials led the rally but tech lagged, badly. Can the rally continue without tech?
Tonight, we learn about Mr. Paulson's thinking behind all those decisions, taken in response to the financial crisis, and, ultimately, in the pursuit of long-run American prosperity.
Both Toyota and its suppliers are to blame for the massive recall that hurt the Japanese automaker's reputation, investor Wilbur Ross, WL Ross & Co. Chairman and CEO, told CNBC Tuesday.
Toyota's stock is stalled at the traffic lights and has been for many months. It's convenient to attribute the sluggish performance to the automaker's recent recall woes, but a closer look at the stock's technicals will show the downtrend's been in place for sometime now, although the stock did manage to break out from the descent somewhat last year to take on a prolonged sideways trading pattern.
Stocks kicked off February with a rally, after a dismal January, energized by an earnings beat from ExxonMobil and a strong manufacturing report. Alcoa and Exxon led the Dow. Apple gave the Nasdaq a boost but Amazon took a hit.
Stocks advanced on the first day of February, energized by an earnings beat from ExxonMobil and a strong manufacturing report.
Automakers around the world have found some stabilization after trying to stabilize in 2009 in which the industry saw big players die, merge and shrink. But Renault-Nissan CEO Carlos Ghosn is optimistic, believing the sector will see gradual growth in the new year in every market except Europe.
Attention Super Bowl Advertisers: Are you mobile Web-enabled? Consumers are surfing the Web from their phones more often. If you are spending the money on advertising during the Big Game, it's worth considering whether your site is optimized for smartphones.
writes Gary Shapiro, President & CEO of the Consumer Electronics Association.
Investors started February on an optimistic note, bidding stocks higher after logging the worst month for the market in over a year in January.
The statement was straightforward with an appropriate amount of contrition. When I talked with Jim Lentz, the head of Toyota USA he was direct in admitting his company is embarrassed by the on-going controversy over sticking gas pedals.
Stock index futures pointed to a sharp rise to kick the month off Monday, following a third-consecutive losing January.
It started with a deadly tragedy in summer last year that forced Toyota, which had received more than 2,000 complaints of unintended acceleration, to step up its own inquiry.
Federal regulators have cleared Toyota's plan to fix millions of sticky gas pedals, and dealers could get parts to make the repairs as early as Thursday or Friday.
An initial public offering at Tesla has been anticipated for months.
Who says America has lost its dominant position in the auto market?
Stocks tumbled Thursday as the dollar's gains and some disappointing economic numbers offset the positive earnings momentum. Techs were among the biggest decliners, led by Apple and Qualcomm.
Stocks tumbled Thursday as the dollar's gains and some disappointing economic numbers offset the positive earnings momentum this morning. Techs were among the morning's biggest decliners, led by Apple and Qualcomm.
Stocks were mostly lower Thursday as worries about a tighter grip from Washington and some disappointing economic numbers offset the positive earnings momentum this morning. Techs were among the morning's biggest decliners, led by Apple and Qualcomm.