Archive for January 12th, 2009

The automaker has informed Akio Toyoda that he will be its next president, according to The Wall Street Journal .
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The Hang Seng index in Hong Kong fell almost 3% as a jump in U.S. unemployment again raised concerns the global economy is in for a prolonged slump.
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The government’s move follows a massive fraud scandal that threatens the company’s survival.
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Expect more awful economic news next week, tempered by confidence in Obama’s big stimulus package.
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