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The temporary shutdown of the company's 13 factories in North America is inevitable, the company said. How long the production stoppage will last is unknown.
Toyota Motor Co (NYSE:TM) announced earlier today that they will have to close down all of their North American factories by the end of this month due to a parts shortage caused by the damage from the Japanese earthquake and tsuna
Honda (HMC) and Toyota (TM) are extending their shutdown of auto production in Japan due to a shortage of parts following a major earthquake and tsunami, the Associated Press reports. Toyota says its shutdown of 11 factories will
According to some estimates, the disaster is expected to cost Japan $180 billion in reconstruction and recovery which could pile onto the country's public debt levels, which are the highest of any industrialized country.
Fears of a nuclear meltdown in Japan have further escalated concerns about the impact of Friday's deadly earthquake and tsunami to the country's straining economy and rebuilding efforts.
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Shares of Zimmer (NYSE:ZMH) traded today at $81.92, breaking its 52-week high. This ne ...
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Shares of Zions Bancorporation (NASDAQ:ZION) traded today at $28.00, breaking its 52-we ...
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Shares of Crosstex Energy (NASDAQ:XTEX) traded at a new 52-week high today of $21.31. ...
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Shares of Xilinx (NASDAQ:XLNX) traded at a new 52-week high today of $39.88. So far to ...
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Weyerhaeuser (NYSE:WY) traded at a new 52-week high today of $33.24. This new high was ...
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Shares of Wolverine World Wide (NYSE:WWW) traded at a new 52-week high today of $53.97. ...
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Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded at a new 52-week hi ...
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WPX Energy (NYSE:WPX) traded today at a new 52-week high of $21.10. So far today appro ...
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
