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Toyota cuts profit forecast by half

Sun, 12/11/2011 - 14:57 by Sam Ross

Adversely affected by the worst Thailand floods, Toyota Motor Corp. has cut its annual profit forecast by 54 percent.

The Japanese automaker said that its net income will fall 56 percent to 180 billion yen in the curre
      Politics

    Irish Green Party calls for elections

    Mon, 11/22/2010 - 23:21 by harsheeb

    Dublin -- Ireland's future grew murkier Monday after a faction of the coalition government called for a general election early next year due to the financial crisis.

    Ireland accepted international assistance Sunday and is negotiating details of a loan that could be $110 billion to $130 billion, The New York Times reported.

    The loan was made necessary by sour loans that threaten the stability of the country's largest banks.

    In a statement Monday, the Green Party, a significant portion of the coalition government, which is led by the Fianna Fail Party, called for "a general election in the second half of January 2011."
      Business

    Rent-A-Center looking to refinance its existing debt liability

    Wed, 06/22/2011 - 15:57 by Anter Prakash Singh

    Plano, Texas, based Rent-A-Center announced today that it is expecting to refinance its present major debt. With this aim the company is going to avail a new credit facility of $750 million. While $250 million will be in terms of loan, the rest $500 million will be a revolving credit facility.

    Rent-A-Center is the largest rent to own operator with around 3,020 stores across the nation.
      Technology

    China puts satellite in orbit

    Fri, 11/26/2010 - 12:02 by Rakhi

    Xichang, China -- China launched a Long March 3A carrier rocket Thursday, putting a communication satellite into orbit around the Earth, officials said.

    The rocket was launched at 12:09 a.m. from the Xichang Satellite Launch Center in Sichuan province, Xinhua reported.

    The "Zhongxing-20A" satellite is expected to improve China's radio and television broadcasts, officials at the launch center said in a statement.

    It was the 135th launch of a Long March series rocket since April 24, 1970, the state-run news agency said.

    Copyright 2010 United Press International, Inc. (UPI).
      Sports

    NBA: Orlando 94, LA Clippers 85

    Mon, 12/13/2010 - 10:53 by Rakhi

    Los Angeles -- Dwight Howard netted 22 points and all five Orlando starters reached double figures Sunday in the Magic's 94-85 win over the Los Angeles Clippers.

    Howard went 8-of-11 from the field and grabbed seven rebounds. Jameer Nelson added 17 points and nine assists for the Magic, who broke a four-game losing streak.

    Vince Carter and Brandon Bass contributed 13 points each and Rashard Lewis chipped in 11 more in the victory.

    Orlando was leading 8-5 early in the game when Bass's slam dunk ignited a decisive 20-5 Magic run, capped by Nelson's trey with 2:35 remaining in
    the first quarter.

    Eric Gordon (28 points, eight assist) cut the Clippers' deficit to single digits at 74-66 and Blake Griffin (27 points, 16 rebounds) added another

      Entertainment

    Joanna Garcia, Nick Swisher marry in Fla.

    Mon, 12/13/2010 - 07:00 by Prince damin

    Palm Beach, Fla. -- Celebrities from the sports and the entertainment worlds were in Florida for the wedding of actress Joanna Garcia and Yankees outfielder Nick Swisher.

    The couple tied the knot in Palm Beach and then celebrated at the upscale Breakers Hotel with well-wishers that included Cameron Diaz, Reba McEntire, Johnny Damon and Alex Rodriguez.

    People said Sunday that Garcia, star of ABC's "Better with You," wore an ivory strapless ball gown created by Monique Lhuillier. Swisher's Burberry tux did not appear to be pinstriped.

    Copyright 2010 United Press International, Inc. (UPI).
      Health

    Ford, GM get top consumer ranking

    Wed, 08/18/2010 - 01:55 by Prince damin

    Detroit -- Ford's Lincoln-Mercury brand and GM's Buick nameplate topped the auto industry in consumer satisfaction, a report released Tuesday said.

    The American Customer Satisfaction Index, developed at the University of Michigan's Ross School of Business, showed U.S. automakers on the rise after problems at Japan's Toyota. Overall, U.S. brands were rated higher than Japanese and Korean autos for the first time since 2000, but were still behind European vehicles.

    It was the first time Lincoln-Mercury and Buick have been tops in consumer satisfaction in the survey's history

    Despite higher sales, Chrysler's problems persisted. Its Jeep and Dodge brands were rated at the bottom of the list, the report said.