Word: millioned
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...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...
Carmakers call back vehicles for repairs all the time, but Toyota's efforts to address complaints, coming on the heels of its 4.2 million-car recall in November to address similar issues, were described by the automotive website Edmunds.com as unprecedented. "Helping ensure the safety of our customers and restoring confidence in Toyota are very important to our company," says Bob Carter, Toyota's group vice president and general manager. "This action is necessary until a remedy is finalized. We're making every effort to address this situation for our customers as quickly as possible." (See the 50 worst cars...
...cents on the dollar, or for 10% less than what AIG had originally promised to pay. About 30% of the $16.4 billion in CDS contracts that SocGen had bought from AIG were on bonds rated BBB or worse. A 10% discount on those contracts would have saved AIG $475 million...
America is facing a trillion dollar deficit. Our tax dollars have bailed out endless corporations who have flagrantly misused it. We saved the banks, yet they deny us fair lending and take our homes. We sit by and watch million dollar bonuses given away to the very executives that put our economy in peril. We hear about scandals involving AIG, the New York Federal Reserve, Fannie Mae, Freddie Mac, Goldman Sachs, Citigroup, Bank of America—there are too many to list. We listen helplessly to members of congressional oversight panels who condemn them with their voices but continue...
...report produced last year by England's Department of Infectious and Tropical Diseases found a 29% increase in complaints, and in 2006, an Australian entomological study estimated that Sydney was losing $100 million a year in tourism revenue because of an outbreak of the pests...