Toyota Warns Of Rare Operating Loss
Automaker Toyota has announced its first operating loss since 1938. The company cited a severe drop in demand for its cars, especially in the U.S., which accounts for one-third of its vehicle sales. New York Times senior correspondent Micheline Maynard offers her insight.
Companies Try To Jump-Start Battery Development
A group of 14 technology companies, including Johnson Controls and 3M, has banded together to seek funding for research, development and production of new automotive battery technology. The group is asking for $1 billion in federal funding for the venture.
Museum Field Trips Tailored To Teach To The Test
School field trips are falling off the curriculum as teachers feel pressure to fill class time with basic skills. Museum directors are working to make their exhibits more field-trip friendly to lure teachers and students back from the classrooms.
For Those In Need, An Online Helping Hand
When a friend has a serious illness, everyone wants to help out. However, coordinating meals, errands and rides is a real challenge, and many well-intentioned groups fall apart because the scheduling is too difficult. There is a tech solution: lotsahelpinghands.com.
How To Use Technology To Donate To Charities
Nonprofits are finding creative ways to leverage technology and raise money, including selling gift cards and getting donors to text their contributions. Giving online can be easy — and personal — says tech expert Omar Gallaga of the Austin American-Stateman.
Commercial Properties Seek Federal Bailout
Developers of office buildings, shopping centers and hotels say they are having trouble refinancing loans and want access to a $200 billion fund set up by the Fed to shore up consumer lending markets. It's not clear whether the Fed is offering any encouragement.
What's In A Name? A Madoff Weighs In
The name Madoff has been sullied thanks to money manager Bernard Madoff, who has been accused of creating a Ponzi scheme that bilked investors out of $50 billion. Bernard Madoff is not the only Madoff in the country. Ari Madoff, a lawyer in Chicago, is trying to drum up business in the wake of the scandal.
Recycling Industry Slows As Consumers Shop Less
As consumers cut back their spending in the worsening economy, the effects are being felt even in the wastepaper recycling and exporting industry. Decreased demand for products means a drop in the need for packaging — and the recycled materials that it's made from.
Jury Finds Fort Dix Five Guilty
Five Muslim immigrants have been convicted of plotting to kill U.S. soldiers at Fort Dix, N.J. The verdict came after the jury deliberated for about 38 hours over six days. The men face up to life in prison when they are sentenced in April.