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Obama Prods Congress To Unite On Job Creation
The president met with House and Senate leaders to push for consensus on legislation that creates jobs, citing public frustration with the lack of progress on key issues. "There should be some areas where we can agree," Obama said.
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Insurer's Rate Hike Becomes Administration Talking Point
In an unusual public challenge, the HHS Secretary Sebelius has asked a for-profit insurer in California to explain why it plans to raise rates on individual plans by as much as 39 percent next month.
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Toyota Recalls 437,000 Hybrids Worldwide
Toyota says it is recalling the Prius and other hybrid vehicles worldwide to fix brake problems - the latest in a string of embarrassing safety lapses at the world's largest automaker.
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Can Toyota Recover Its Reputation For Quality?
The Japanese automaker has stumbled badly in managing its current recall crisis. It's been accused of withholding information, changing its story and being less than aggressive in dealing with the various problems. Assuming the automaker can solve its problems, regaining public trust could take years.
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Nissan Returns To Profit In 3rd Quarter
Nissan announced that it had turned a profit during the last fiscal quarter. That news has improved Nissan's financial outlook for the rest of the year. The company had projected that it would lose money.
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Super Bowl Beer Ad Benefits Chicago Business
Miller High Life used its Super Bowl ad-buy this past Sunday to shine a light on some small businesses across the U.S. Tim's Baseball Card Shop on Chicago's North Side was one of them. The response has been overwhelming.
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Mortgage Bankers Assoc. Renting Office Space
The Mortgage Bankers Association paid nearly $80 million for a building in Washington D.C. That was at the top of the market. Last week, the association agreed to sell the building for about half that. <em>The Wall Street Journal</em> reports that the trade group is now looking to rent office space.
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For Telecommuters, It's Not About Going To Work
Some companies have no traditional office at all — and they like it that way. At one multimillion-dollar company, all 40 employees telecommute. The firm weeds out job applicants who look down on working from home.
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Safety Risks At Regional Airlines Detailed By PBS
The crash of Continental Flight 3407 last February — in which 50 deaths were attributed to pilot error — sparked an inquiry that found safety problems. Among them: long hours and low pay at regional carriers, where some pilots become captains with less than a year of experience.
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Boeing Engineer Gets 15 Years In Economic Espionage
A Chinese-born engineer convicted in the United States' first economic espionage trial was sentenced to more than 15 years in prison for stealing sensitive information on the U.S. space program with the intent of passing it to China.
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Japan Braces For More Recalls From Toyota
The Japanese press report Toyota is considering even more recalls. This time the recalls would involve 2010 Prius and the Lexus and Sai hybrids — they all share the same brake glitch. The recalls could be announced as early as Tuesday. For decades, Toyota has been one of the main drivers of the Japanese economy but its reputation has been sullied.
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Dealers Work Overtime On Toyota Recalls
Toyota dealerships are making their way through a backlog of customers' cars during the massive recall involving the gas pedals on millions of cars. Toyota has said it is working on plans to resolve another possible safety problem — this one involving the anti-lock brakes on the Prius hybrid. So far, Toyota has not announced a recall on the Prius.
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CIT Group Names Ex-Merrill CEO Thain As Chairman
CIT Group has chosen former Merrill Lynch CEO John Thain to lead the company as chairman and CEO as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year. Thain served as chairman and CEO of Merrill Lynch until its sale to Bank of America was completed in January 2009.
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Businesses Reluctant To Hire New Workers
The economy looks better this year than it did in 2009 but despite positive economic reports, businesses remain reluctant to hire and financial markets are still jittery. David Wessel of <em>The Wall Street Journal</em> tells Renee Montagne that the economy isn't growing fast enough to create enough businesses that need new workers.
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Hasbro Plans 75th Anniversary Edition Of Monopoly
Since the game was invented during the Great Depression, its makers have put out variations: from Sponge Bob Square Pants Monopoly to iPhone Monopoly. One big change this year, the board will be round instead of square. There will be no paper money, and instead, funds will be stored electronically.
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Tune-in to Marketplace with Kai Ryssdal weekdays on KJZZ at 6pm.
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