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...doing their part to help consumers to overcome their fears, from helping to develop infrastructure to offering cash incentives to Japanese who want to purchase hybrid or fully electric vehicles. Incentives will reduce the cost of the i-MiEV by 30% to $33,100. That should help Mitsubishi meet its production targets of 2,000 i-MiEVs in the next 12 months, 6,000 in the second year of production and 15,000 the following year. Mitsubishi says it can turn a profit on electric cars when it reaches an annual production volume of 30,000 a year...
...Then there is Fifth Third Bancorp. The Cincinnati-based financial firm is one of a number of banks that have had to spend the past month pulling off some fancy financial gymnastics to meet their capital requirements. The stress test found that Fifth Third was $1.1 billion short of the common equity it needed to be considered well funded. Earlier this week, the bank announced that it had raised $1 billion by selling new stock. But that left the bank $100 million short of its goal. So the bank couldn't stop there. Instead, it offered $365 million...
...shocked organizations that went to Kaiser for advice was the Beck Center for the Arts, a theater and arts-education group near Cleveland. In January ticket sales and donor money "fell off a cliff," says Lucinda Einhouse, the Beck Center's president. In April she traveled to Washington to meet with Kaiser. She went home and instituted some, if not all, of his gospel. Marketing will be maintained. But the theater will mount fewer shows next year, and some will be chestnuts like Fiddler on the Roof and Peter...
...keyboard. Campbell Kan, Acer's VP of Mobile Computing, says the device, which debuted in April, is selling particularly well in Europe, where telecommunications companies are selling the Aspire One for one euro to customers who sign two-year contracts for 3G service. "We can't deliver enough to meet demand," Kan says. (See 3 netbooks worth owning...
...conference Friday morning, Obama himself knocked down this idea, saying the choice of Dresden had more to do with his tight schedule, which left scant time between his Egypt visit and his visit Friday afternoon to the Buchenwald Concentration Camp and the Landstuhl Regional Medical Center, where he will meet with wounded U.S. soldiers. (See pictures of Obama in Germany...