How is today's economy affecting your home?
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| Reuters: Business News Toyota cuts 2009 global sales forecast TOKYO (Reuters) - Toyota Motor Corp said on Thursday it would miss its goal of selling more than 10 million vehicles next year, lowering its forecast by nearly 7 percent to account for a severe downturn in Western markets driven by high fuel prices and a credit crunch. Three Fannie Mae execs out, shares rally earlier NEW YORK (Reuters) - Fannie Mae , the biggest U.S. mortgage finance company, on Wednesday announced a shake-up of top executives, including the exit of its chief financial officer, in an effort to better implement a plan to preserve capital and cut losses. Starbucks top brass to receive no raise next year NEW YORK (Reuters) - Top executives at Starbucks Corp including Chairman and Chief Executive Howard Schultz will not be getting raises anytime soon, after the coffee chain's first-ever quarterly loss as a public company. American Media may refinance $570 million debt: report (Reuters) - Struggling tabloid publisher American Media Inc has secured the backing of many of its creditors for a new bond offering to refinance $570 million in existing debt, the Wall Street Journal said. Fed's Lockhart urges patience amid strained markets ATLANTA (Reuters) - The Federal Reserve must be "very vigilant" amid strained financial markets while exercising patience over interest rates as it waits for inflation to ease, a top Fed policy-maker said on Wednesday. |