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Even as the tech world waits in anticipation of the expected introduction of its tablet on Wednesday, Steve Jobs and company are quietly shopping for ways to strengthen Apple's softer side - that is, its software. A hefty stock price and a growing cash reserve of $23 billion has put Apple in prime position to acquire some winners. (See the top iPhone applications...
...sleek photo-editing site, Picnik, has 17 million monthly users who have uploaded a billion photos since the Seattle start-up launched just over two years ago. Its easy-to-use interface would align well with Apple's emphasis on design and simplicity. (Get the latest tech news on Techland...
...halt to sales is forcing Toyota to suspend production at five plants, idling more than 20,000 workers and leaving 1,200 Toyota dealers sitting with roughly 250,000 unsold - and for now, unsalable - vehicles worth nearly $50 billion. Jesse Toprak, an analyst with TrueCar.com, says Toyota will probably have to help the dealers finance the inventory as the sales freeze continues...
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...
According to a report produced by a division of bond manager BlackRock in November 2008, AIG would probably have been able to strike settlements that, at least at the time, could have saved the giant troubled insurer, and taxpayers, billions of dollars. Instead, after a few days of harried discussions, the Federal Reserve Bank of New York - which was orchestrating the government's bailout of AIG - instructed the insurer to pay its counterparties, which included Goldman Sachs and a number of European banks, in full. The BlackRock report is one of many documents recently unearthed by a congressional investigation into...