
KOJI WATANABE / Getty Images
Katsuaki Watanabe, president of Toyota, attended a news conference yesterday in Tokyo. The company reported the first quarterly decline in profit since 2005. |
|
|
|
Toyota can't steer clear of bad news
Rising costs, slow sales spur 1st yearlong profit drop since 2002
By Yuri Kageyama
ASSOCIATED PRESS
TOKYO – Battered by a slumping North American auto market and unfavorable currency swings, Toyota is forecasting a double barrel of bad news this fiscal year: its first year-on-year sales slide in nine years and first profit slip in seven years. The list of problems is growing for Toyota, including soaring material and energy costs and a stagnant auto market in Japan, its home market.
Airline ticket prices take off
Some cross-country trips now are more than $1,000
By Micheline Maynard
NEW YORK TIMES NEWS SERVICE
Air travel these days is an adventure with many surprises, some of them unpleasant. That also describes the process of simply buying a ticket.
Airlines have raised fares or increased surcharges, partly to cover the rising cost of jet fuel, at least 10 times so far this year – most recently yesterday, when American Airlines and Delta Air Lines raised ticket fees agai
For many, a wholesale change in shopping
Consumers seeking deals, making retailers anxious
By Anne D'Innocenzio
ASSOCIATED PRESS
NEW YORK – Caught in the maelstrom of higher gas and food prices, Americans – even more affluent ones – are seeking shelter in wholesale clubs and discount apparel chains. Low-price operators Costco Wholesale, Wal-Mart Stores and TJX Cos. reported better-than-expected sales yesterday, while traditional apparel chains J.C. Penney Co. and Limited Brands struggled.
Google says it hopes for partnership with Yahoo
Its leaders 'very excited' about talks on ad deal
By Michael Liedtke
ASSOCIATED PRESS
MOUNTAIN VIEW – Google's top executives yesterday expressed hope that the Internet search leader will be able to form a potentially lucrative advertising partnership with Yahoo – a deal that would lower the odds of Microsoft renewing its attempts to buy Yahoo.
Prices of rice, other staples dropping, but are still high
By Keith Bradsher
NEW YORK TIMES NEWS SERVICE
HONG KONG – After months of startling increases, the prices of rice, wheat, soybeans and several other foods have come down recently, a development that could ease some of the panic in global food markets. Prices remain volatile and remarkably high by historical standards, and few agricultural experts expect the days of inexpensive food to return soon.
Facebook adds safeguards to help protect young users
By Stephanie Reitz
ASSOCIATED PRESS
HARTFORD, Conn. – Facebook, the world's second-largest social networking Web site, is adding more than 40 new safeguards to protect young users from sexual predators and cyberbullies under an agreement with officials nationwide that was announced yesterday.