Ford Posts 6th Straight Profitable Quarter
Ford posts sixth-straight profitable quarter, earning $1.7 billion. The company expects to have zero net debt by the end of December, one year ahead of forecast.
Ford posts sixth-straight profitable quarter, earning $1.7 billion. The company expects to have zero net debt by the end of December, one year ahead of forecast.
Japan warns against Korea FOREX intervention
Japan Finance Minister Noda addresses options regarding the strength of the Yen in advance of G-7meetings
TOKYO -- The Japanese government once again has answered the prayers of its automakers.
Japanese Finance Minister Yoshihiko Noda defended his decision to intervene in currency markets for the first time since 2004 after the move spurred criticism from policy makers in the U.S. and Europe.
Yen weakens as Japan intervenes for the first time since 2004. Weaker Yen will hurt American companies that compete with Japanese exporters.
Japan Finance Minister Noda threatens currency intervention as Yen reaches 15-year high. "We will take bold action if necessary and naturally that can include intervention."
As Yen strengthens, Japanese Government officials begin jawboning.
VP Biden will visit the Chrysler Group LLC's Toledo Supplier Park