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Inaba also noted that Toyota continues to invest heavily in research and development, spending more than $9 billion in 2009, "with emphasis on safety and on the environment." Nevertheless, Toyota faces significant challenges from both Volkswagen AG and a re-emergent General Motors Corp. as it struggles to keep its standing as the world's top automaker. Both Volkswagen and GM are in a better position to cash in on growth in key emerging markets such as Brazil, Russia, India and China, according to a new study by the Boston Consulting Group. (See pictures of American muscle cars in movies...
Tostes said he was speaking with representatives from the office of Brazil's Attorney General to make the practical arrangements for handing over the boy. The AG's office is the plaintiff in the case, and the legally proper authority to decide where and when Sean would be returned to his father, Tostes said. He promised the step family would work to ensure the transition was "as smooth as possible" and suggested the handover would not take place until Christmas Eve at the earliest. That deadline was given added weight later on Wednesday when a federal court in Rio later...
...Today, it's still the home of the new new thing. It is electric-vehicle start-ups like Tesla, Fisker and Better Place taking on the Big Three, or the local-organic foodies behind California cuisine going after Big Ag. It's Kaiser Permanente, the HMO whose model of salaried doctors in group practice may be the future of health care, or the University of California at Irvine's law school, which opened this semester with free tuition and was instantly more selective than Harvard or Yale. It's SpaceX, the private rocket-launching company, or Kogi, the Korean taco...
...addition, both companies have attracted overseas capital. Last spring, Daimler AG bought a 10% stake in Tesla to get access to technology, and Fisker's investors include a fund operated by the government of Qatar...
Still, at least seven more IPOs are in the pipeline, including offerings from Colony Capital, Apollo, Alliance Bernstein, Bayview Asset Management (which is partly owned by Blackstone Group), Ellington Management Group, Western Asset Management and AG Financial Investment Trust...