While Toyota execs were plenty contrite in congressional hearings this week about their massive recall, were they equally as forthcoming? Contradictory testimony about the role car electronics played in accidents suggests there is more to the story.

Continue reading Toyota Execs Supplied the Tears, but What About the Truth?

Toyota Execs Supplied the Tears, but What About the Truth? originally appeared on DailyFinance on Thu, 25 Feb 2010 20:45:00.

Filed Under: Toyota

President Obama's health-care summit on Thursday was hardly the bipartisan session he had hoped it would be, with Republicans calling for the White House to start over with the entire reform process. Obama said he hoped the event was not become just "political theater" and pleaded with the GOP to confront an issue he described as a catastrophic drag on the American economy.

Continue reading GOP Tells Obama to Start Over on Health Care

GOP Tells Obama to Start Over on Health Care originally appeared on DailyFinance on Thu, 25 Feb 2010 19:45:00.

Filed Under: Healthcare

Easter egg hunts are a tradition during good times and bad. So just because the economy is facing a down turn, doesn't mean families need to scrimp on candy eggs.

Another snowstorm, another media outlet predicting a "baby boom" nine months later, thanks to shut-ins with nothing to do but get busy. Trouble is, as amusing and alluring as the trend sounds, there's very little evidence to support it.

Continue reading The Latest Blizzard Baby Boom, and an Enduring Media Myth

The Latest Blizzard Baby Boom, and an Enduring Media Myth originally appeared on DailyFinance on Thu, 25 Feb 2010 19:21:00.

Filed Under: Economy, Media

Gap posted fourth-quarter profit that jumped nearly 45%, topping analyst expectations, as the parent of Banana Republic and Old Navy enjoyed higher merchandise margins than in the year-ago quarter. Next up: The retailer wants to increase market share and sales growth in 2010.

Continue reading Gap's Profit Jumps 45% on Higher Merchandise Margins

Gap's Profit Jumps 45% on Higher Merchandise Margins originally appeared on DailyFinance on Thu, 25 Feb 2010 19:15:00.

Filed Under: Company News, Earnings, Retail

Major snow storms that blanketed the country may have helped first-time weekly unemployment insurance claims rise 22,000 on Thursday, but some analysts believe the rise in claims is due to other causes.

Continue reading Unemployment Claims Are Rising, Due to the Weather -- or Not

Unemployment Claims Are Rising, Due to the Weather -- or Not originally appeared on DailyFinance on Thu, 25 Feb 2010 19:00:00.

Filed Under: Economy

During questioning on Capitol Hill, the heads of Comcast and NBC Universal denied that their $30 billion merger would be anti-competitive and lead to layoffs. But critics were unswayed, with one going as far as to say the deal would "undermine American democracy."

Continue reading Comcast-NBC Deal Could Harm Workers, Lawmakers Say

Comcast-NBC Deal Could Harm Workers, Lawmakers Say originally appeared on DailyFinance on Thu, 25 Feb 2010 18:00:00.

Filed Under: General Electric , Comcast

A Wisconsin teen was sentenced to 15 years in prison for using Facebook to blackmail classmates into having sex with him. Anthony Stancl, 19, pleaded guilty in December to two felonies, including repeated sexual assault of a child. Stancl was 18-years old at the times of his crimes.

Continue reading Teen Sentenced to 15 Years After Blackmailing Classmates on Facebook

Teen Sentenced to 15 Years After Blackmailing Classmates on Facebook originally appeared on DailyFinance on Thu, 25 Feb 2010 16:00:00.

Banks must comply with a new credit card law on terms and disclosures. The objective is to reduce the amount of card interest but consumers may still face higher fees.

Concerns over the U.S. jobless rate, Europe's economy and lower energy demands combined to push oil prices below $80 a barrel on Thursday.

Continue reading Oil Slumps Below $80 on U.S and European Concerns

Oil Slumps Below $80 on U.S and European Concerns originally appeared on DailyFinance on Thu, 25 Feb 2010 13:50:00.

Filed Under: Energy, Economy