Account
A temporary suspension of the U.S. debt ceiling expires on May 19, but the Treasury Department should be able to borrow for several more months by employing unusual cash management tools.The department believes these tools and surprisingly strong government revenues should allow it to keep paying the nation's bills into September, staving off for a time the specter of a potentially devastating debt default.Indeed, many private forecaster now believe the debt limit will not become binding until some time in October, in part due to sizable bailout payments from mortgage finance firms Fannie Mae and Freddie Mac. The cash infusion will provide the government more room to operate. The Treasury is likely to start taking steps that will hold off default in the coming days.Following are some of the measures the Treasury has employed in the past and will likely use this time around to free up borrowing capacity once the temporary suspension of the U.S. debt limit expires.SUSPEND STATE, LOCAL GO...
Toyota Motor Corp <7203.T> will reshuffle its top executives as soon as this week, people familiar with the plan say, as President Akio Toyoda tries to dismantle a r...
Honda Motor Co. (7267.TO) on Thursday posted a sharp increase in earnings for the three months ended in December, but trimmed its forecast for the full year through ...
Toyota Motor Corp <7203.T> regained the crown as the world's top selling automaker in 2012, posting record-high sales and beating rivals General Motors and Volkswage...
Toyota Motor Corp. (NYSE:TM) is once again leading global auto sales, as the company posted record sales to outpace General Motors (NYSE:GM), the No. 2 automaker, an...
Toyota Motor Corp. (7203.TO) on Monday retook the title of world's largest auto maker, posting a 23% gain in global sales to a record 9.75 million vehicles in 2012.T...
Zurich Insurance Group AG's (ZURN.VX) dividend policy remains unchanged despite an estimated $700 million in damage claims stemming from Hurricane Sandy in the U.S, ...
AlphaOne Capital Investment Partners CIO Dan Niles on the outlook for Facebook.
Japan's economy contracted in the second half of 2012 and is on track for lackluster growth of 0.8 percent this year, hurt in part by its bitter territorial row with...
Facebook is making a mysterious announcement at its California headquarters at 1 p.m. ET today. Will it be about mobile, a video chat app, a better search feature, a...
Superstorm Sandy is looming over the insurance industry as companies look to lock up their backup protection against large losses for the coming year.The massive sto...
Toyota Motor Corp <7203.T> eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to fight smaller cases t...
Despite headwinds from a strong yen and a consumer backlash in China, Toyota Motor Corp. (7203.TO) said it expects global sales to grow 2% to a record level in 2013,...
Nissan Motor Co. (7201.TO) logged a 46% rise in net profit in its fiscal fourth quarter lifted by a windfall from the weakening yen amid lackluster sales in China an...
Toyota Motor Corp <7203.T> refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker is likely to show that it met its m...
A final report of the gas leak incident which forced oil and gas major Total SA (TOT, FP.FR) to evacuate its North Sea platform of Elgin last year is to be issued wi...
Toyota Motor Corp <7203.T> plans to assemble the Lexus ES 350 sedan at its Kentucky plant in 2015, marking the first time the Japanese automaker has built a vehicle ...
Toyota Motor Corp. (TM, 7203.TO) will invest $360 million to expand a Kentucky factory to built for the first time ever a Lexus-brand car in the U.S., solidifying it...
Outgoing Bank of Japan Governor Masaaki Shirakawa warned on Tuesday there is no quick way to fix an economy that has suffered 15 years of deflation and that aggressi...
The Bank of Japan is likely to keep monetary policy unchanged on Thursday, holding fire to wait for new leaders who are expected to usher in bolder measures to try t...
