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May 5, 2011

Auto supplier Tower beats, Visteon ups outlook

DETROIT (Reuters) – Auto parts supplier Tower International (TOWR.N: Quote, Profile, Research, Stock Buzz) reported first-quarter results that blew past estimates on Thursday, while Visteon Corp (VC.N: Quote, Profile, Research, Stock Buzz) lifted its full-year forecast even though first-quarter profit fell short of estimates.

Tower reported a profit, excluding one-time items, of 57 cents per share, higher than the average Wall Street estimate of 14 cents per share, according to Thomson Reuters I/B/E/S.

May 3, 2011

Nissan wins bid for New York’s iconic yellow cabs

NEW YORK (Reuters) – Japan’s Nissan Motor Co Ltd won a 10-year contract to build the next generation of New York’s iconic yellow taxis, Mayor Michael Bloomberg announced on Tuesday.

Nissan beat Turkish manufacturer Karsan Otomotiv and U.S. automaker Ford Motor Co for a deal city officials estimated at around $1 billion.

Apr 27, 2011

Special report: Does corporate America kowtow to China?

By Nick Carey and James B. Kelleher

SHEBOYGAN, Wisc. (Reuters) – China’s rise as a manufacturing power has benefited American factory owners in at least one way.

The Middle Kingdom’s insatiable appetite for second-hand machinery means that small U.S. businesses can make a quick buck by selling old equipment there.

Apr 25, 2011

Some signs of life in housing, credit drought goes on

CHICAGO (Reuters) – Like an increasing number of well-heeled Americans, the Hodgsons decided it was time to buy a new home, even if most of the U.S. housing market remains in the dumps.

After years in an apartment building, “we were just tired of sharing space with other people,” says Cari Hodgson, 32. “It was time to have space of our own.”

Apr 25, 2011

Some signs of life in U.S. housing

CHICAGO (Reuters) – Like an increasing number of well-heeled Americans, the Hodgsons decided it was time to buy a new home, even if most of the U.S. housing market remains in the dumps.

After years in an apartment building, “we were just tired of sharing space with other people,” says Cari Hodgson, 32. “It was time to have space of our own.”

Apr 16, 2011

Palin returns with feisty, anti-establishment speech

MADISON, Wisconsin (Reuters) – Conservative Sarah Palin returned to the U.S. political arena on Saturday after several months absence with a feisty speech attacking both the establishment Republican Party and Democratic President Barack Obama and proclaiming “the 2012 elections begin here.”

In a move apparently aimed at keeping her name in the running for the Republican nomination in next year’s presidential election, Palin addressed several thousand people in Wisconsin, a state bitterly divided by a political fight over union rights.

Apr 6, 2011

Japan crisis casts pall over nuclear fuel meeting

CHICAGO, April 6 (Reuters) – The disaster in Japan darkened
the mood at a nuclear conference here on Wednesday, but
officials said the Fukushima crisis will not change the outlook
for global expansion and blamed the media for stoking fear.

“The accident (at Fukushima) has rocked our world in ways
that Chernobyl never did and will for many years,” said Richard
Myers, vice president for policy development at industry group
the Nuclear Energy Institute, speaking at the 2011 World
Nuclear Fuel Cycle conference.

Apr 6, 2011

Japan crisis casts pall over US nuclear conference

CHICAGO, April 6 (Reuters) – The disaster in Japan darkened
the mood at a nuclear conference here on Wednesday but
officials said the Fukushima crisis will not change the outlook
for the U.S. industry and blamed the media for stoking fear.

“The accident (at Fukushima) has rocked our world in ways
that Chernobyl never did and will for many years,” said Richard
Myers, vice president for policy development at industry group
the Nuclear Energy Institute, speaking at the 2011 World
Nuclear Fuel Cycle conference.

Mar 31, 2011

Tide rolls out for Buffett: is he wearing trunks?

CHICAGO/NEW YORK (Reuters) – Just last week the “Oracle of Omaha” was greeted in India as if he spoke on behalf of a god like the oracles of old.

Attendees at an event in a plush hotel in New Delhi raced for front row seats to hear Warren Buffett talk. At a conference in Bangalore on March 23, a crowd including investors gathered to heap praise upon him.

Mar 21, 2011

Special report – Disasters show flaws in just-in-time

TSUCHIURA, Japan/DETROIT/SAN FRANCISCO (Reuters) – Just over a week after the massive earthquake hit the sprawling Texas Instruments (TXN.N: Quote, Profile, Research) chip plant here, a gardener is reworking the Japanese garden in an inner courtyard of the office tower attached to the plant.

The garden is a symbol of tranquillity and the gardener runs his rake in swooping patterns in the fine gravel that resemble ripples in a pond.

    • About Nick

      "Nick Carey is a Chicago-based, British-born journalist who has covered everything from the near-collapse of the Big Three automakers to the U.S. housing crisis. Nick is currently on general assignment, reporting on the human impact of the recession. He previously spent ten years working in central and eastern Europe."
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