TOKYO (AP) — Toyota said its quarterly profit slid 18.5 percent to 80.4 billion yen ($1 billion) on plunging sales caused by parts shortages from the tsunami disaster in northeastern Japan and warned it faces a new challenge from flooding in Thailand. Toyota Motor Corp. declined Tuesday to give a […]

TOKYO (Reuters) – Japan’s Olympus admitted on Tuesday it hid losses on securities investments dating back to the 1980s, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt. The revelations by the 92-year-old maker of endoscopes and […]

ROME (AP) — Italy’s borrowing rates spiked Tuesday to their highest level since the euro was established in 1999 ahead of a budget vote in Parliament that could ratchet up the pressure on Premier Silvio Berlusconi to resign. The markets have turned their attention this week from the political crisis […]