The U.S. trade deficit surged to a larger-than-expected $40.18 billion in December, the biggest imbalance in 12 months. The wider deficit reflected a rebounding economy that is pushing up demand for oil and other imports.
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Thursday, February 11, 2010
Trade Deficit Soars to $40B in December
The U.S. trade deficit surged to a larger-than-expected $40.18 billion in December, the biggest imbalance in 12 months. The wider deficit reflected a rebounding economy that is pushing up demand for oil and other imports.
Wednesday, February 10, 2010
Cult Status? Secretive Culture Led Toyota Astray
Toyota Motor's President Akio Toyoda, second from left, and Vice President Shinichi Sasaki, left, bow following a news conference Tuesday.
Details from the crisis enveloping Toyota reveal a growing rift between the auto maker and U.S. regulators, as a secretive corporate culture clashed with disclosure requirements.
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