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Toyota cuts 2009 global sales target to 9.7 million vehicles amid rising costs, slow US market
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August 28, 2008 - 5:45 AM EST
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Toyota lowered its global sales target for 2009 by 700,000 vehicles to 9.7 million Thursday, showing that even one of the world's most durable automakers is being hurt by rising material costs, a slowing U.S. market and soaring gas prices."We have been going at top speed up to now," President Katsuaki Watanabe told reporters at a Tokyo hotel after announcing the numbers. "It is time to set more cautious targets."Toyota Motor...
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Questions remain about future of Bratz line after $100M verdict for Mattel
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August 27, 2008 - 5:31 PM EST
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The $100 million jury award in the three-month legal battle between Mattel Inc. and Bratz-maker MGA Entertainment Inc. left one key issue unresolved.A judge must now decide whether MGA can continue to market the popular Bratz doll line and if it can, if it will have to pay Mattel royalties for some of those dolls.Mattel attorneys said after Tuesday's verdict that they intend to file an injunction to stop MGA from making more...
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Durable goods orders jump an unexpected 1.3 percent in July, helped by exports, investment
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August 27, 2008 - 3:44 PM EST
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U.S. factories saw a surprisingly hefty increase in their orders for big-ticket products in July, reflecting continued strength in export sales and a boost to business investment from the government's tax stimulus package.Economists, however, remain worried that spreading economic weakness overseas and a rebound in the value of the dollar could spell an end to the export boom later this year.The Commerce Department said Wednesday...
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FAA says airports back to normal after software problem delays hundreds of flights
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August 27, 2008 - 12:16 PM EST
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The FAA said that most flights around the country were back to normal Wednesday, after a software malfunction delayed hundreds of flights on Tuesday.The flight delays drew new criticism for the Federal Aviation Administration, which has been scrutinized over air traffic controller staffing levels and inspection standards for its ground-based equipment.The Northeast was hardest hit by the delays prompted by a glitch at a Hampton,...
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FAA: Communication failure at Ga. facility that processes flight plans caused delays
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August 27, 2008 - 8:39 AM EST
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Mass flight delays caused by an electronic communication failure at a Federal Aviation Administration facility drew new criticism for an agency that has been scrutinized over air traffic controller staffing levels and inspection standards for its ground-based equipment.The Northeast was hardest hit by the delays prompted Tuesday by a glitch at a Hampton, Ga., facility that processes flight plans for the eastern half of the...
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Immigrant community in fear after nearly 600 detained in southern Miss. ICE raid
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August 27, 2008 - 3:41 AM EST
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A day after the largest single-workplace immigration raid in U.S. history, Elizabeth Alegria was too scared to send her son to school and worried about when she'd see her husband again.Nearly 600 immigrants suspected of being in the country illegally were detained, creating panic among dozens of families in this small southern Mississippi town.Alegria, 26, a Mexican immigrant, was working at the Howard Industries transformer...
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Eating your landscaping: Homeowners mix vegetables, flowers to save money, eat healthier
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August 27, 2008 - 3:20 AM EST
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Tidy lawns have been replaced by a jumble of hot peppers, tomatoes, peas, peaches, berries and plums in the front yards of two next-door neighbors.And that's just a sampling."What aren't we growing?" said Kelly Sandman, who along with her neighbors dug up their front lawns in April and planted fruits and vegetables.An increasing, albeit small, number of people are trying edible landscaping _ growing fruits and vegetables mixed...
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Jury awards Mattel Inc. $100 million in copyright case against maker of Bratz dolls
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August 26, 2008 - 7:37 PM EST
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A federal jury awarded Mattel Inc. $100 million in damages on Tuesday in a federal copyright lawsuit that pitted the house of Barbie against MGA Entertainment Inc., the maker of the saucy Bratz dolls.MGA and its chief executive officer, Isaac Larian, were told to pay a total of $90 million in three causes of action related to Mattel's employment contract with designer Carter Bryant, who developed the Bratz concept.The jury...
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Nearly 600 suspected illegal immigrants detained in Miss. in largest-single site raid ever
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August 26, 2008 - 7:32 PM EST
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The largest single-workplace immigration raid in U.S. history has caused panic among Hispanic families in this small southern Mississippi town, where federal agents rounded up nearly 600 plant workers suspected of being in the country illegally.One worker caught in Monday's sweep at the Howard Industries transformer plant said fellow workers applauded as immigrants were taken into custody. Federal officials said a tip from...
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