Toyoda to Testify Before Congress
Source: Author:Free B2B indextoday.net Publish Time:2010-02-21 Read Times:806 Attentions:0 Collections:0 Comments: 0
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THIS WEEK

Health Summit: President Obama and congressional leaders will discuss health-care proposals at a White House summit Thursday.

Toyoda Testifies: Toyota Motor's president, Akio Toyoda, will testify before a congressional committee Wednesday about the Japanese auto maker's vehicle recalls.

Finance Bill: Senate Banking Committee Chairman Christopher Dodd is expected to introduce a financial-overhaul bill that would establish a council of regulators to monitor emerging economic risks, among other things.

New Rules: The Credit Card Act, which prohibits arbitrary rate increases and last-minute term changes among other protections, takes full effect Monday. Some of the rules have been in effect since August.

Earnings Roundup: Target, Barnes & Noble and Macy's are among those reporting.

LAST WEEK

Rate Rise: The Federal Reserve increased the interest rate it charges banks for emergency loans, part of an effort to wean the banking system off government credit.

Inflation Update: U.S. consumer prices rose a slight 0.2% in January from the previous month. But core consumer prices, which exclude energy and food items, dropped for the first time since 1982.

Deficit Busters: President Obama created a bipartisan commission that will work toward slashing the federal budget deficit by 2015 and addressing long-term imbalances in federal finances.

Online Deal: Antitrust regulators cleared Microsoft's plan to form an Internet-search alliance with Yahoo.

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