Metro - Business

US – Tuesday, February 9

Official: Toyota to be held ‘to the fire’

The Obama administration stepped up the pressure on Toyota Motor Corp. yesterday to address a range of safety issues as investors and consumers reacted to the deepening crisis for the world’s largest automaker.

The generation of the underemployed

The recession has taken a particularly heavy toll on young Americans, with a record one out of five black men aged 20 to 24 neither working nor in school, according to research released yesterday.

Wall Street falls most since 2009

Stocks slid yesterday and the Dow suffered its worst drop of 2010 due to fears that China’s curbs on bank lending might jeopardize the global economic recovery, while IBM’s outlook sparked caution about the technology sector.

Plant blast under investigation

Federal investigators headed to Connecticut yesterday to determine the cause of an explosion at an unfinished power plant that killed at least five workers and hospitalized dozens of others.

Pressure grows for sanctions

International pressure for new sanctions against Iran grew yesterday after Tehran announced plans to make higher-enriched uranium and add 10 nuclear sites in a year, raising Western fears it wants to develop atom bombs.

Business

‘Free’ ad leads to fraud suit

NEW YORK. A Wisconsin college student is suing credit firm Experian — the brains behind the ubiquitous FreeCreditReport.com jingles — for fraudulent advertising after she inadvertently signed up for a monthly $14.95 monitoring service.

Business

Ford stands tough while Toyota sinks

Ford officials said yesterday its U.S. sales rose 24 percent in January, a month when the industry was rocked by Toyota Motor Corp.’s massive recall of some of its top-selling vehicles.

Business

Russia, McDonald’s a study in progress

The first McDonald’s appeared in Moscow during an epoch of terrible deprivation. Muscovites, who were used to standing in a queue for hours for sausage, butter and sugar, now were standing in line for ... a part of America.

Business

Ford actually profitable

DETROIT. Ford Motor Co. posted its first full-year profit since 2005 Thursday and said it expects to stay profitable in 2010 despite a still fragile economy and a debt heavy balance sheet.

Business

Gates: Web must thrive in China

WASHINGTON. Microsoft Corp. Chairman Bill Gates said yesterday the Internet needs to thrive in China as an engine of free speech and described official online censorship by Beijing as “very limited.’’

Business

Google in middle of U.S.-China quarrel

BEIJING. China widened its attack against U.S. criticisms of Internet censorship, raising the stakes in a dispute that has put Google in the middle of a political battle.

Business

Airlines face higher security fee after failed terror attempt

Added safety measures after last month’s failed attempt to blow up a jetliner may make it harder for U.S. airlines to thwart a security-fee increase the Obama administration has been seeking.

Business

Microsoft in league with Apple ... to stop Google

Apple is in talks with Microsoft to replace Google as the default search engine on the iPhone, according to two people familiar with the matter.

Business

Sales rebound, easing concerns

GM posts loss of $1.2B

Wal-Mart: $20 meal for 8 people

Wal-Mart cuts toy prices even further

Now that’s what we’d call a real wonder bra

Campbell sued over fragrance

NY’s Dr. Doom: The recession is over

Amtrak’s loss: $32 for each passenger

McDonald’s shuts down business in Iceland

MoneyGram to pay $18M in deal over fraud claims

Business

Yahoo: Sorry for strippers

Jobs is No. 1 entrepreneur

China’s rich recover easily

Top court to hear Enron appeal

Chicken wings go up in price

Survey says: ‘Great recession is over’

Bottle design of the century

Wells Fargo raises credit rates early

Calif. hotel foreclosures way up as travel plunges

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