Reuters - Toyota Motor Corp (7203.T), the world's
most profitable carmaker, cut its 2009 vehicle sales forecast
by nearly 7 percent due to a severe downturn in Western markets
driven by high fuel prices and a credit crunch.
Today's Top Business Headlines
-
Three Fannie Mae execs out, shares rally earlier
(Reuters)
Reuters - Fannie Mae , the biggest U.S.
mortgage finance company, on Wednesday announced a shake-up of
top executives, including the exit of its chief financial
officer, in an effort to better implement a plan to preserve
capital and cut losses.
-
Esprit shares plummet on growth worries
(Reuters)
Reuters - Shares in Esprit Holdings, the
world's No. 5 fashion retailer, plunged nearly a fifth on
Thursday to their lowest in two years after the firm missed
earnings forecasts and warned investors of tougher times ahead.
-
CFTC inspector starts probe into oil report: paper
(Reuters)
Reuters - The Inspector General for the U.S.
commodity-futures regulator has officially begun an
investigation into an inter-agency report on commodity markets,
the Wall Street Journal said citing a person close to the
matter.
-
Starbucks top brass to receive no raise next year
(Reuters)
Reuters - Top executives at Starbucks Corp
including Chairman and Chief Executive Howard Schultz
will not be getting raises anytime soon, after the coffee
chain's first-ever quarterly loss as a public company.
-
Thornburg survival in doubt, sees completing tender
(Reuters)
Reuters - Thornburg Mortgage Inc , a
specialist in jumbo home loans, said its survival remained in
doubt following additional margin calls, but it is on track to
complete a restructuring and avoid collapse.
