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...There was no place left to park the blame. The company backhandedly singled out a U.S. Partsmaker - CTS Corp., of Elkhart, Ind. - as the supplier of defective pedals while exonerating a Japanese company, Denso, that makes the same part. But CTS CEO Vinod M. Khilnani wasn't about to take the fall. He says his company met Toyota's engineering specifications and notes that the recalls tied to unintended acceleration extend to vehicles built as long ago as 2002. "CTS didn't become a Toyota supplier until 2005," he says...

Author: /time Magazine | Title: Behind the Troubles at Toyota | 2/11/2010 | See Source »

Meanwhile, one possible buyer lurks on the sidelines: Warner Music, the third largest record company in the world. CEO Edgar Bronfman has long coveted EMI, but mutual intransigence has thus far prevented a merger. Some Terra Firma officials fear that Citigroup simply wants to "flip" EMI by making a quick sale to Warner - a plan Citigroup denies. In its present state, however, EMI's future as an independent company is far from certain. "The trouble is that the future of EMI would look quite good if it wasn't for all the debt," Dyson says. "But it doesn't look...

Author: /time Magazine | Title: EMI's Downfall: Will the Hits Keep Coming? | 2/9/2010 | See Source »

...Mantzoros co-founded InteKrin Therapeutics, a biotech company that President and CEO Dennis M. Lanfear said is concerned with developing and commercializing treatments for stage-three diabetes...

Author: By Derrick Asiedu, CRIMSON STAFF WRITER | Title: Mantzoros Promoted at HMS and HSPH | 2/9/2010 | See Source »

...walking into his house with his 24-year-old daughter Emma (Bojana Novakovic) when she is gunned down. The official suspicion is that Craven was the target, but he soon learns that she had been engaged in antinuclear espionage at Northmoor, a nearby plant run by the usual oily CEO (Danny Huston). In streamlining the original show's cast of malefactors, which included British and U.S. corporations and intelligence agencies, trade unions and the IRA, the movie reduces the story from a panoramic conspiracy to another one-guy-against-the-system thriller, and Edge loses its political edge...

Author: /time Magazine | Title: Edge of Darkness: Is Mel Gibson Still a Star | 2/8/2010 | See Source »

...mycotecture" sounds, Ross may be onto something bigger than an art project. A promising start-up named Ecovative is building a 10,000-sq.-ft. (about 930 sq m) myco-factory in Green Island, N.Y. "We see this as a whole new material, a woodlike equivalent to plastic," says CEO Eben Bayer. The three-year-old company has been awarded grants from the EPA and the National Science Foundation, as well as the Department of Agriculture--because its mushrooms feast on empty seed husks from rice or cotton. "You can't even feed it to animals," says Bayer of this...

Author: /time Magazine | Title: Industrial-Strength Fungus | 2/8/2010 | See Source »

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