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In Print: Wednesday, February 10, 2010


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Honda added more than 378,000 cars to an existing recall for air bag inflation problems, it said Tuesday. The recall now affects more than 822,000 vehicles, including certain 2001 and 2002 Accord sedans, Civic compacts, Odyssey minivans and CR-V small sport utility vehicles, as well as some 2002 Acura TL sedans. Honda will replace the driver's side air bag inflator because it can deploy with too much pressure and rupture, which can injure or kill the driver.

Google is dropping the fee from $350 to $150 for customers of its new Nexus One phone to break a service contract with T-Mobile. The fee applies to customers who break their two-year T-Mobile contract after a 14-day trial period and before 120 days. A $250 fee for existing T-Mobile customers upgrading to the Nexus One was cut to $50. Customers would still have to pay a separate early-termination fee to T-Mobile of up to $200.

Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, is spurning the world's biggest carrier and opting to keep its alliance with American Airlines. Japan's flagship carrier says it will strengthen its partnership with American and apply to the U.S. government for antitrust immunity on trans-Pacific flights.

The Walt Disney Co. said Tuesday it made $844 million in the holiday quarter, roughly the same as a year earlier, as restructuring charges offset cost cutting and gains at ESPN and the Disney Channel. Net income came to 44 cents per share, down a penny per share from the same quarter a year earlier. Revenue rose 1 percent to $9.74 billion. The results beat analysts' forecasts.

QUOTE

"We are honored to play a role in this important action."

Muhtar Kent, CEO of Coca-Cola, which joined Dr Pepper Snapple Group, PepsiCo and Nestle Waters North America in agreeing to display calories more clearly on the front of all packages, vending machines and fountain machines, based on a 12-ounce serving size

BIG NUMBER

2.5M

U.S. jobs available at the end of December, according to the Labor Department, down from 3.2 million in December 2008, a drop of 22.5 percent

BOTTOM LINE

HSBC is least-trusted bank, according to Forrester Research survey of about 4,500 people … U.S. businesses slashed wholesale inventories 0.8 percent in December, much weaker than 0.5 increase analysts expected … Coca-Cola's fourth-quarter net income rose 55 percent to $1.54 billion … McDonald's January same-store sales rose 2.6 percent, as strong overseas sales more than offset a U.S. decline


THE BOTTOM LINE: HSBC is least-trusted bank, according to Forrester Research survey of about 4,500 people … U.S. businesses slashed wholesale inventories 0.8 percent in December, much weaker than 0.5 increase analysts expected … Coca-Cola's fourth-quarter net income rose 55 percent to $1.54 billion … McDonald's January same-store sales rose 2.6 percent, as strong overseas sales more than offset a U.S. decline


[Last modified: Feb 09, 2010 11:19 PM]

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