IBT Staff Reporter

130801-130830 (out of 154943)

Toyota confirms new management under Akio Toyoda

Toyota Motor Corp confirmed Akio Toyoda as its new president on Tuesday, promoting the grandson of the company's founder to guide the world's No.1 automaker through the worst downturn in its history.

Brown to bring in new law to clean up politics

Prime Minister Gordon Brown will unveil proposals on Tuesday to rebuild the image of parliament tarnished by a scandal over lawmakers' expenses, and in so doing seek to restore his ailing popularity.

Ford and Nissan to tap factory retool loans: report

The U.S. government plans to disclose that Ford Motor Co , Tesla Motors Inc and Nissan Motor Co will be among the beneficiaries of a $25 billion loan program created by Congress to help auto makers retool factories for advanced-technology vehicles, the Wall Street Journal said.

Indonesia legal system under fire over e-mail case

An Indonesian mother who was fined, jailed and put on trial after sending an e-mail to friends complaining about her treatment in a private hospital, has become a rallying point for reform of the country's legal system.

Iran's Revolutionary Guards threaten crackdown

Iranian police broke up a protest in Tehran and the hardline Revolutionary Guards said they would help crush what they called rioters opposing the re-election of President Mahmoud Ahmadinejad.

Asia stocks fall on economy doubts

Asian stocks tumbled on Tuesday, after falling commodity prices and a sharp drop on Wall Street spooked investors into taking profits and buying the yen on speculation the rapid pace of recovery may not be sustainable.

Obama set to push healthcare and energy reform

President Barack Obama will throw his weight behind legislative bids to reform healthcare and cut U.S. greenhouse gas emissions on Tuesday in his fourth White House press conference since taking office.

Confidence slipping in Obama economy rescue: poll

Fewer Americans believe that President Barack Obama's stimulus package will restore the nation to economic health compared to two months ago but most still approve of the job the president is doing, according to a new poll published on Monday.

Rain, cool weather dampen U.S. June retail sales

Rain and cooler-than-usual weather so far in June may have dampened demand for summer items such as sandals, swimwear and beer for retailers already hard put to counter sales declines during the recession.

DC metro crash: Six dead, dozens injured

Six people died and seventy resulted injured from a Metro trains' collision in Washington D.C., on Monday during rush-hour, but the cause of the accident still unknown.

PetroChina offers $1.02 B all-cash buyout for SPC

PetroChina Company Limited announced on Sunday that it had completed purchase of 45.51% shares of refiner Singapore Petroleum Co (SPC) and would make a buyout offer for the rest of its shares in cash.

IEA wants to spur energy investment

Investment in renewable energy is down and achieving oil prices that spur green-growth should be a goal for December's Copenhagen conference, the chief economist of the International Energy Agency said on Monday.

China to abolish tariffs, spur trades

China will abolish export duties on some grains and industrial products and cut the duties for chemical fertilizers and nonferrous metals from July 1 to promote exports, the Ministry of Finance said in a statement on Monday.

Tesla slashes production costs, eyes July profit

Electric car start-up Tesla Motors Inc has slashed production costs for its flagship Roadster sports car by 43 percent to about $80,000 per vehicle as of June, its chief executive said on Monday.

Seagate expands storage solutions for SMB's

Hard drive and storage solution Seagate on Monday unleashed three new drives, including the BlackArmor NAS 220 storage servers, WS 110 external drive and PS 110 portable drive.

China filter debut date unchanged despite criticism

China will not back away from its July 1 launch date for the controversial anti-pornography computer filter Green Dam Youth Escort, a Ministry of Industry and Information Technology (MIIT) source said on Monday.

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