11 March, 2015 by The TZ Newswire Staff Comments Off on Toyota to recall 112,500 U.S. vehicles on possible safety issues
Toyota to recall 112,500 U.S. vehicles on possible safety issues
The recall affects about 110,000 Camry, Camry Hybrid, Highlander and Highlander Hybrid vehicles of model year 2015, RAV4 vehicles of model year 2014-2015, and 2,500 RAV4 EV vehicles of model year 2012-2014, the company said on Wednesday. Toyota said components in the RAV4 EV vehicles being recalled might cause them to shift to “neutral” gear due to a software issue, increasing the risk of a crash. The other vehicles being recalled might have possible manufacturing damage in their electric power steering circuit boards, Toyota said.
11 March, 2015 by The TZ Newswire Staff Comments Off on Doral Financial files for Chapter 11 bankruptcy
Doral Financial files for Chapter 11 bankruptcy
Doral Financial Corp filed for voluntary Chapter 11 bankruptcy protection on Wednesday, saying it intends to wind down its businesses, liquidate its assets, and seek approval for a liquidation plan. Doral …
11 March, 2015 by The TZ Newswire Staff Comments Off on Exclusive: GM capital plan may delay credit rating upgrade
Exclusive: GM capital plan may delay credit rating upgrade
General Motors Co’s (GM.N) decision this week to give back up to $10 billion to shareholders over the next two years will likely delay one of its important goals: achieving a top-tier credit rating that would benefit its growing auto finance unit. The No. 1 U.S. automaker has been building its GM Financial unit through acquisitions and more aggressive marketing to dealers. Reaching a single A credit rating would give GM greater flexibility to fund GM Financial at lower cost.
11 March, 2015 by The TZ Newswire Staff Comments Off on Chinese yuan dominates 80% of Bitcoin trades
Chinese yuan dominates 80% of Bitcoin trades
China’s craze for bitcoins has been well-documented over the past year, but a new report highlights just how dominant of a player the country is.
11 March, 2015 by The TZ Newswire Staff Comments Off on Movers & Shakers: Dollar General, Vail, Ulta Salon earnings in focus
Movers & Shakers: Dollar General, Vail, Ulta Salon earnings in focus
Among the companies whose shares are expected to see active trade in Thursday’s session are Dollar General, Vail Resorts, and Ulta Salon.
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11 March, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Alibaba invests in Snapchat
The Wall Street Journal: Alibaba invests in Snapchat
Alibaba Group invests $200 million in U.S.-based Snapchat in its latest venture into social media, The Wall Street Journal reports.
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11 March, 2015 by The TZ Newswire Staff Comments Off on Zoe’s Kitchen Cooks Up a Solid Quarter
Zoe’s Kitchen Cooks Up a Solid Quarter
The fast-casual restaurant chain isn’t profitable yet, but it’s still producing the growth investors want to see.