Hewlett-Packard Co. sued former Chief Executive Officer Mark Hurd a day after he was named co-president of rival Oracle Corp., according to people familiar with the matter. The suit was filed in Superior Court of California in Santa Clara, according to the people familiar with the matter. The contents of the suit weren’t clear but [...]
Kia Canada announced a recall has been issued for the 2010 Soul and 2011 Sorento crossover vehicles due to defective wiring harnesses that could short and lead to a fire. Some harnesses supplied by Johnson Controls for lighting in 2010 model-year Soul cars and 2011 model-year Sorento SUVs were improperly soldered, leading to possible electrical [...]
Robert Reich, Secretary of Labor in the Clinton administration, has an interesting op-ed piece in the New Times Thursday morning. He tries to explain why the recovery from the “Great Recession” has been so sluggish. Reich asks how American families could manage to keep spending as if they were keeping pace with overall economic growth, [...]
Aston Martin’s Cygnet minicar will come to the United States sometime in 2012 according to Automotive News. The Cygnet, based on the Toyota iQ, will be powered by the same 1.3-liter four-cylinder engine but come fitted with a premium interior and tweaked exterior. It seats two, makes 100 horsepower under ideal conditions, and yes, has [...]
Boeing tonight announced another delay in the 787 Dreamliner program, this time due to engine delivery problems. Boeing cited the availability of a Rolls-Royce engine — needed for test flights this fall — as a reason for the delay. The company said it wouldn’t deliver its first 787 to customers until the first quarter of [...]
The leaking of pics last week looks to have prompted Mercedes-Benz to officially unveil its 2012 model CLS, which will make its debut at this year’s Paris Motor Show. This new 4-door coupe is instantly one of the best looking in its class, mainly due to some mean design on the front full-LED headlights. The [...]
Erik Prince, whose company, Blackwater Worldwide, is for sale and whose former top managers are facing criminal charges, has left the United States and moved to Abu Dhabi, according to court documents. Prince, 51, personally is not facing any criminal charges for now, but his company, now known as Xe Services LLC, has been implicated [...]
China surpassed Japan as the world’s second-largest economy last quarter, capping the nation’s three- decade rise from Communist isolation to emerging superpower. China emerged this week as the world’s No. 2 economy, behind the United States, which has held the position for 40 years. China’s gross domestic product (GDP) for the second quarter was $US1.335 [...]
Applications for unemployment benefits in the U.S. unexpectedly increased last week to the highest level since November, showing companies are stepping up the pace of firings as the economy slows. Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark [...]
Dodge launched a teaser site for their 2011 Durango SUV, and a series of pictures that show some styling elements of the car. Apparently it has a sleeker design inside and out, but you can still recognize it as a Durango. The 2011 Durango is expected to be powered by the 3.6L Pentasta V6 and [...]
