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Nearly 4 billion prescriptions are filled at 54,000 pharmacies across the U.S. each year. But getting medications from their makers into the hands of their takers is largely the job of a wholesaling oligopoly. Cardinal and its principal rivals--San Francisco--based McKesson Corp. and AmerisourceBergen, based in Valley Forge, Pa.--control 90% of the market, acting as middlemen to pool purchasing power and to guarantee 24/7 access to millions of medications...

Author: /time Magazine | Title: Prescription for a Turnaround | 2/15/2010 | See Source »

...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 »

...feel like doing her job tightening those screws, she reminded herself that she would be saving the life of Johnny from next door. Most of the workers travel long distances to the factory. All along the road to the airport were boarded-up businesses and "For Sale" signs. Oshkosh Corp., under contract with the Pentagon, is one of the few employers around...

Author: /time Magazine | Title: What Is Robert Gates Really Fighting For? | 2/3/2010 | See Source »

Toyota Motor Corp., struggling to contain the damage from the continuing controversy over unintended acceleration in some of its cars, has elected to indefinitely halt sales of eight models, including the Camry, America's best-selling automobile, and the Corolla, the practical compact model on which the Japanese automaker built its reputation for quality and durability. As part of its effort to address sticking accelerators, it will also recall 2.3 million vehicles...

Author: /time Magazine | Title: Toyota's Recall Will Test Customer Loyalty | 1/27/2010 | See Source »

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...

Author: /time Magazine | Title: Toyota's Recall Will Test Customer Loyalty | 1/27/2010 | See Source »

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