The Buffalo News : Business Today

Wednesday, February 10, 2010

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Reeling from recalls, Toyota goes all-out in damage control

Updated: 02/09/10 10:30 PM
WASHINGTON — In public, Toyota is running apologetic television ads and vowing to win back customers’ trust. Behind the scenes, the besieged automaker is trying to learn all it can about congressional investigations, maybe even steer them if it can.

More recalls likely amid caution after Toyota woes

Updated: 02/10/10 7:59 AM
Honda's expansion of its global recall for faulty air bags suggests automakers are turning cautious amid consumer scrutiny of Toyota's safety lapses, a trend that could see more recalls in the coming months.

3 barred from debt collection industry

Updated: 02/10/10 6:53 AM
A state court in Buffalo has issued orders barring the three principals of a Western New York debt collection operation — one of whom was arrested on gun possession charges — from ever working in the industry again.

Financial Markets

24 Hour Business

Updated 02/10/10 09:40:16 AM

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Astronics earnings fall on write-down

Astronics Corp. lost $9.7 million in the fourth quarter because of a big write-down in the value of its test systems business, but the East Aurora aircraft lighting and electronics manufacturer’s sales inched up by 3 percent.

Finding work is a tough job in current economy

WASHINGTON — Finding a job got much tougher last year, as the number of available openings fell by nearly one-quarter.

Bank bailout outcome hailed

OMAHA, Neb. — Henry M. Paulson Jr., the former Treasury chief, and billionaire Warren E. Buffett say taxpayers will recover every cent paid out to banks during the economic meltdown and may even turn a profit.

WNY native named president of Nestle Canada

A Western New York native has been named the new head of all brands sold across Canada by multinational food giant Nestle.

Stocks rise as Greek debt fears ease

Updated: 02/10/10 6:53 AM
NEW YORK — The Dow Jones industrial average jumped back above 10,000 on hopes that a resolution was near for Greece’s debt crisis.

On the Record / February 10, 2010

Updated: 02/10/10 6:53 AM
Hires/Promotions/ Honors

KeyBank’s WNY chief moving to Maine

Updated: 02/09/10 8:33 AM
KeyBank’s Western New York district president is leaving to take a higher position as president of the bank’s operations in the State of Maine.

Cribs recalled after 3 deaths

Updated: 02/09/10 3:30 PM
Government safety officials Tuesday announced a recall of more than 500,000 drop-side cribs sold at Buy Buy Baby, Kmart, Wal-Mart and other stores after the death of three infants.

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Columns

Some winners and losers this year

There hasn’t been a whole lot of good news this year, with the economy sinking and the job market shrinking.

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David Robinson

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Discount Diva

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