Archive for January, 2010
Ford has posted an annual profit for the first time in four years. The carmaker made $2.7bn (£1.7bn) in 2009, compared with a loss of almost $15bn in 2008, and said it expects to be profitable this year as well.
For the final three months of last year, the company made $868m, a
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Unemployment in the 16 countries that use the euro hit 10% in December for the first time since the single currency was introduced in 1999.
It had been reported that the rate hit 10% in November, but this has subsequently been revised down to 9.9%. Some 15.8 million people are
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Honda has announced the recall of 646,000 cars globally to fix a switch defect that could cause a fire.
The recall includes Jazz models, also known as Fit in some countries, built in Japan, China, Brazil, Thailand, Malaysia and India, Honda said.
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January 17, 2010 10:15 pm
Intense pressure from the Obama administration spurred loan servicers to ramp up the amount of permanent modifications they offered to troubled borrowers.
The number of long-term adjustments completed under the president’s foreclosure prevention plan rose to 66,465 at the end of
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Wall Street bank JP Morgan Chase has reported profits of $3.3bn (£2bn) for the last three months of 2009. That compares with profits of $702m reported at the end of 2008 at the height of the financial crisis.
Total profits for the year were $11.7bn, the bank said, with
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Corporate America has already pledged more than $40 million in donations to support earthquake relief efforts in Haiti. Corporate pledges for Haiti have tripled in the past 24 hours, according to the U.S. Chamber of Commerce.
By Friday, 22 U.S. companies had already pledged $1 million or more
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Greece will submit plans to cut its huge budget deficit to the European Commission later on Friday. The three-year plan, approved by the Greek parliament on Thursday, aims to cut the deficit to 2.8% of GDP by 2012.
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Camera maker Kodak has said it will sue Apple and Research In Motion (RIM), the makers of the iPhone and Blackberry, over technology used in their handsets.
Kodak has filed a complaint with the US International Trade
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LONDON (Reuters) – Virgin Money could announce it is buying a small UK bank as early as this month, sources familiar with the situation said, a move that could make it the first high-profile arrival in the sector in Britain since the crisis.
Virgin Money, the consumer credit arm of Richard Branson’s Virgin
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Australian Competition and Consumer Commission (ACCC) has started legal proceedings against a north Queensland carbon credit business.
The ACCC alleges Prime Carbon made false or misleading representations including that carbon credits listed on the National Environment Registry were supervised by the Australian Government.
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