Tuition at many public colleges and universities is skyrocketing, thanks to state budget deficits that have choked off funding for higher education. The University of California, for instance, estimates a 30% increase in the 2010-2011 year. “California’s $20 billion deficit will make it hard for the [state's] legislature to provide funding to the schools,” said [...]
In the near future, TV is going to be available anywhere, on any device, at any time. Just don’t expect it to be free. That’s because of the big, unanswered question being asked by networks, cable companies, advertisers and technology providers: How do we make money from it? Viewers are already taking full advantage of [...]
Two House panels examined in hearings this week whether Toyota Motor Corp. and the National Highway Traffic Safety Administration acted in a timely fashion to address complaints of unintended acceleration in Toyota vehicles. Read below for highlights and watch videos from the hearing. Toyota ‘all but ignored pleas’ Rep. Bart Stupak, D-Mich., said in an [...]
Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades. The Commerce Department reported Wednesday that new home sales dropped 11.2 percent last month to a seasonally adjusted annual sales pace of 309,000 units, the [...]
Under sharp and at times hostile questioning, the president of Toyota Corp.’s U.S. operations told a packed Capitol Hill hearing that even a massive recall by the world’s biggest automaker may “not totally” resolve safety problems implicated in accidents in the United States that have killed nearly three dozen people. Toyota Motor Sales U.S.A. Inc. [...]
The following recall has been announced: – About 132,000 Bristol model and Martha Stewart Collection enameled steel tea kettles from Copco and Wild Leaf Tea Co. The handle can come loose, posing a burn hazard to the consumer. There have been eight reports of the handle becoming loose or deformed. A minor burn to the [...]
People may have dug out their cars from this month’s historic East Coast snowstorms, but businesses and governments will be digging out for a long time from the lost revenue and extra costs they incurred. Back-to-back snowstorms that pounded the East from Washington to New York City with up to 4 feet of snow in [...]
Hyundai Motor on Wednesday announced a recall of about 47,000 of its new Sonata sedans to replace front door latches following a handful of customer complaints. Hyundai, South Korea’s No. 1 automaker, said it discovered a mechanical problem with the latches, which, in rare instances, will not close properly. It said the recall was voluntary, [...]
“Nineteen percent of hospital CFOs projected permanent worker layoffs during the coming year,” says Penn State’s Workforce and Education Development Initiative, citing a survey by HCPro’s HealthLeaders Media, Marblehead, Mass., which says it surveyed 1,200 US hospital executives. Read survey results here. Excerpts: “Over 80% believed that layoffs and staff reductions are most effective in dealing [...]
Witnesses at the first of three Congressional hearings on Toyota’s recall problems testified that they believe they have found a possible additional cause of unintended acceleration in Toyotas, one that has to do with the vehicles’ electronic throttle control systems. David Gilbert, a professor of automotive technology at Southern Illinois University, said he had uncovered [...]
