Market Updates

Haviland news and market updates from around the globe.

3/23/10

Document: Toyota warned dealers of throttle surging in 2002

Source: CNN.com

Boston, Massachusetts (CNN) — Auto manufacturer Toyota warned dealerships in 2002 that Camry owners were complaining about throttles surging and recommended adjustments in an electronic control unit to fix the problem, according to a document obtained by CNN.

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3/12/10

GMAC: The scariest zombie

Source: CNNmoney.com

NEW YORK (Fortune) — Now that Citigroup and AIG are rolling in the bucks, GMAC is looking like the most egregious zombie bank of them all.

A report released Thursday questions the wisdom of the government’s decision to spend $17 billion propping up the money-losing maker of car and home loans

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3/01/10

Copper spikes after Chile quake

Source: CNNmoney.com

NEW YORK (CNNMoney.com) — Copper prices surged overnight after a massive earthquake struck Chile, the world’s largest producer of the metal, over the weekend.

May copper surged 6.2% to a high of $3.487 a pound early Monday, before easing to $3.371 a pound.

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