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Takata Must Rev Up Air Bag Replacement Effort: U.S. Safety Officials

By Paul Lienert DETROIT (Reuters) - U.S. auto safety officials on Friday told Japan's Takata Corp to work harder to meet demand for replacement parts for air bags that could prove defective in millions of U.S. cars. On Thursday, Takata agreed to add two production lines to make more air bag parts. Show More Summary

Consumer spending drops in September as income growth slows

Americans unexpectedly tightened their purse strings a bit in September, sending consumer spending to its first drop in eight months, as income growth slowed, the Commerce Department said Friday.

new to market: 1920s Mediterranean in Los Feliz Hits Market for First Time in 67 Years, Asks $5MM

According to its listing, this 1927 Mediterranean Revival on Los Feliz's fancy Nottingham Avenue hasn't been on the market for 67 years. Designed by William Charles Tanner, architect of the landmark Arzner-Morgan...

Don't Blame IBM. Blame Wall Street

Well the biggest stock-market levitation act since HP under Mark Hurd is going the way of all levitation acts: IBM is throwing in the towel on its $20 EPS "roadmap" (reportedly mocked as "roadkill" in some internal IBM quarters) andShow More Summary

Meanwhile, The French Are Revolting...

Amid record unemployment, even recorder youth unemployment, and politicians willingly breaking EU treaties (with apparently no consequences), it appears - just as in the US - police brutality in France was the straw that broke 'Le Camel's back. Show More Summary

The BoJ Jumps The Monetary Shark - Now The Machines, Madmen And Morons Are Raging

Submitted by David Stockman via Contra Corner blog, This is just plain sick. Hardly a day after the greatest central bank fraudster of all time, Maestro Greenspan, confessed that QE has not helped the main street economy and jobs, the lunatics at the BOJ flat-out jumped the monetary shark. Show More Summary

Qantas, pilots' union to meet

Airline seeks to resolve dispute with long-haul pilots. 31 Aug 2011 1:57 PM

The pain in a Centro slap

The penalties dished out to former Centro executives may appear a slap on the wrist, but given the reputational damage already done, a strong message has still been sent to boards. 31 Aug 2011 1:59 PM

US budget woes stop at nothing

For all the political bickering and grandstanding, the US Congress could actually solve its deficit dilemma by doing nothing. 31 Aug 2011 3:25 PM

Ex-Centro chief fined, CFO banned

Court makes ruling on former executives; six remaining former non-executive directors receive no penalty. 31 Aug 2011 4:15 PM

Aust stocks rally, close higher

Local sharemarket finishes higher after flat start. 31 Aug 2011 4:15 PM

TECHNOLOGY SPECTATOR: A mobile banking kingdom

Unable to find a place in Australia for his vision, Brett King's idea for a branchless, paperless and mobile-centric bank is materialising in the US. 31 Aug 2011 4:30 PM

EPA to decide on Gunns pulp mill permit

Permits could be invalid without 'substantial commencement'. 31 Aug 2011 4:33 PM

Japan's output rises less than expected

Contracting economy adds to global economic worries. 31 Aug 2011 4:43 PM

BHP to invest more in NCIG coal facility

Mining giant to pump another $367m into Newcastle port. 31 Aug 2011 4:49 PM

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