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Mar 7
TOKYO – Toyotas poor handling of its massive global recalls has highlighted a glaring weakness in Japans otherwise sophisticated corporate culture: crisis management know-how.
Major companies have detailed plans for dealing with killer earthquakes or terrorist attacks but are largely unprepared to deal with disasters of their own making like product flaws that could lead to injuries or even death.
Toyota, a brand-name once synonymous with quality, has come under fire for being slow and indecisive in responding to the safety problems that ultimately led to recalls of 8.5 million vehicles worldwide.
Tagged as: Aomori Chuo Gakuin University, Bar Associations, batteries, Bridgestone, Bridgestone/Firestone Inc., CEO, companys Web site, crisis management professor, electronics companys example, Ford, Hitoshi Motegi, Japan, Japan Federation of Bar Associations, Japan Inc., Japans, KOBE, Koichi Oizumi, Kyosuke Mori, laptop batteries, legal expertise, location, manager at Tokio Marine and amp, Masatoshi Ono, Mitsubishi Corp, Mitsubishi Motors Corp., NHK, Nichido Fire Insurance Co., Nichido Risk Consulting Co., product liability law, public broadcaster, public relations;, risk management manager, Sony Corp., Tokyo;, Toyota;, United States;, vehicles -
Euro up despite debt worries as stocks rebound
Filed under NewsFeb 9NEW YORK: US and European stocks eked out gains on Monday, lifted by defensive shares, while the euro edged up from 8-1/2-month lows despite persistent worries about the fiscal health of highly indebted nations in the euro zone.
A modest rebound on Wall Street helped pushed the euro to a session high above $1.37, although sentiment toward the single currency remained broadly negative, analysts said. US stocks edged higher after results at drugstore operator CVS Caremark Corp. and toy maker Hasbro Inc. topped expectations and both companies raised their outlooks. Rising defensive stocks such as drug makers helped European shares snap three days of losses, but worries about Greece and other debt-laden European countries kept gains in check.
Tagged as: Alpha Bank, Asia-Pacific, Asia;, Bank of Piraeus, cent, Credit Agricole, CVS Caremark Corp., Department of the Treasury, Dexia, Dow 30, drugstore operator, Europe;, FTSEurofirst 300, Greece, Hasbro Inc., J.P. Morgan Chase & Co., Japan, LONDON;, NASDAQ composite, National Bank of Greece SA, New York;, Nick Stamenkovic, Nikkei 225, oil;, Portugal, rate strategist, RIA Capital Markets, Sony Corp., Spain;, toy maker, UBS;, United States;, US government;, US Treasury, USD; -
Global stocks slump
Filed under NewsJan 29NEW YORK: Most global shares slumped on Thursday after reports cast doubts on the US economic recovery and the health of the UK banking system, while fiscal worries elsewhere in Europe dented the euro versus the dollar.
Earnings reports also helped send US stocks lower.
Tagged as: Asia;, cent, crude oil market, Dow 30, Europe;, Greece, Honda Motor, International Energy Agency;, JPY, Londons Brent North Sea, NASDAQ composite, New York;, Nikkei 225, oil industry conference, oil prices;, Portugal, press official, Sony Corp., Tokyo;, United Kingdom;, United States;, USD; -
Global markets climb on favorable economic data
Filed under NewsDec 12NEW YORK/LONDON – European and US markets rose Friday after retail sales data showed American consumers are picking up their spending – a key ingredient for economic recovery ahead of the holiday season.
European indexes had opened strongly after Asian stocks strengthened on a big improvement in Chinas exports that pointed to rising global demand that could lift other trade-reliant economies.
Tagged as: Asia;, CAC 40, Dow 30, FTSE 100, Hong Kongs Hang, LONDON;, NASDAQ composite, New York;, Nikkei 225, retail sales, retail sales data, Seng, Sony Corp., Tokyo;, Toyota Motor Corp., United States; -
Asian stocks robust Europe market weak
Filed under NewsAug 1HONG KONG – Asian stock markets closed out a robust July with more gains Friday as better-than-expected earnings at companies from Japan to the US reinforced hopes of stronger global growth. European markets were weaker in early trade.
Every major Asian market turned higher with Chinese and Indian markets leading the way. Crude oil prices resumed their upward trek to trade above $67 a barrel.
Tagged as: Asia;, BT Group PLC., cent, crude oil prices, Dennis Poon, Dow 30, electronics giant, electronics;, entertainment giant, Europe;, Hong Kongs Hang Seng, Indonesia;, Japan, Motorola Inc., NASDAQ 100, New York;, Nikkei 225, oil prices;, research head, Seng, Shanghai, Singapore;, Sony Corp., South China Securities, Taiwan, United States;, USD;, Wall Street
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