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Ford CEO sees solid FY, cashflow positive 2011

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Ford will be cashflow positive and improve overall performance next year after solid earnings in 2010, as it intensifies its focus on smaller, greener models, its chief executive Alan Mulally said on Monday.

Hyundai to recall Sonata sedans in U.S.

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Hyundai Motor, South Korea's top automaker, will recall some 139,500 Sonata sedans sold in the United States, due to problems with the steering wheel that could cause a loss or reduction of control.
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Amgen, J&J anemia drugs recalled over glass flakes

Amgen Inc is recalling several hundred lots of anemia drugs Epogen and Procrit, sold by Johnson & Johnson, because vials of the injectable medicines might develop tiny glass flakes that could cause blood clots and other serious health problems.
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Markets end lower on jobs data

Jobless claims unexpectedly rose in the latest week, a sign the labor market still faces headwinds. Existing-home sales rose in August, but from depressed levels .
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Business spending surges but home sales flat

New orders for a wide range of long-lasting U.S. manufactured goods rose in August and business spending plans rebounded strongly, the latest sign a sharp summer slowdown in the economy was abating.
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More homeowners lost their home in Q2

Delinquencies on U.S. home mortgages fell slightly in the three months through June, though the number of homeowners who lost their homes rose sharply from the first quarter
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Ford sees Sept U.S. auto sales up from August

Ford Motor Co President for the Americas Mark Fields said on Thursday he expects September U.S. light vehicle sales to top the 11.5 million annualized sales rate from August, which matches analysts' forecasts.
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Ford says U.S. Fiesta buyers seek high-end options

Early U.S. sales for Ford Motor Co's Fiesta show that consumers are buying higher-end versions of the new small car, boosting the automaker's profit on sales in a traditionally low-margin segment, company officials said on Wednesday.
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Volkswagen builds new engine plant in Mexico

Volkswagen AG will invest $550 million in developing a new engine facility in Mexico to supply parts to two of its North American plants, the German automaker said on Wednesday.
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Water, sanitation vital to poverty goals: U.N.

The lack of clean drinking water and sanitation in the world's poorest nations threatens U.N. goals to cut poverty and disease, and raises the risk of conflict, leaders and aid groups said on Wednesday.
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U.S. states a bit more ready for disaster: report

Virtually all U.S. states can quickly activate and staff emergency operations centers, receive and investigate urgent disease reports around the clock and quickly communicate with other laboratories, according to a federal report released on Tuesday.
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J&J to Congress: Motrin buyback was legal, FDA knew

U.S. health regulators knew that Johnson & Johnson's McNeil unit was using a contractor to buy back potentially faulty batches of Motrin, although there was no formal agreement with the government, lawyers for the company told lawmakers.
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Obama tries to humanize the healthcare debate

President Barack Obama launched a new attempt to convince Americans of the advantages of his healthcare overhaul on Wednesday, just six weeks before an election in which the plan has proved more of a liability than a benefit for his fellow Democrats.
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Will healthcare reform lead to higher premiums?

Many Americans this week are finally getting to try on for size the Affordable Care Act. September 23 marks, just for starters, the end of lifetime payment caps as well as the expansion of parents' benefits to childrenunder 26. Insurers can also no longer cancel coverage if a policyholder falls sick.
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Watchmaker Hublot’s High Expectation from Asia

Swiss watch brand Hublot is planning to double up its stores in the promising Asian market especially China. The soccer World Cup time keeper has already plans to open at least 15 stores by next year.

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