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Japan PM dissolves parliament; vote set for Dec 16

Submitted by Fox First at Ten on November 16th

By MALCOLM FOSTERAssociated Press TOKYO (AP) - Japanese Prime Minister Yoshihiko Noda dissolved the lower house of parliament Friday, paving the way for elections in which his ruling party will likely give way to a weak coalition government divided over how to solve the nation's myriad

Calif. panel rejects quake study near nuke plant

Submitted by Fox First at Ten on November 14th

By ALICIA CHANGAP Science Writer LOS ANGELES (AP) - Citing harm to marine life, California coastal regulators on Wednesday soundly rejected a utility's plan to map offshore earthquake faults near a nuclear power plant by blasting loud air cannons. The unanimous vote by the California

Japan economy shrinks as China dispute takes toll

Submitted by Fox First at Ten on November 12th

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's economy contracted in the latest quarter, signaling that like Europe it may already be in recession, further weighing down world growth. On an annualized basis, the world's No. 3 economy shrank 3.5 percent in the July-September

Aging drivers present new transportation challenge

Submitted by Fox First at Ten on November 8th

By JOAN LOWYAssociated Press WASHINGTON (AP) - Baby boomers started driving at a young age and became more mobile than any generation before or since. They practically invented the two-car family and escalated traffic congestion when women began commuting to work. Now, 8,000 of them are turning

Japan utility seeks more funds for nuclear crisis

Submitted by Fox First at Ten on November 7th

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - The Japanese operator of the nuclear power plant devastated in last year's disasters is seeking more government financial support, saying the cost of the cleanup could be double the 5 trillion yen ($62.5 billion) allocated so far. Tokyo

Nissan profit rises 8 percent, cuts forecasts

Submitted by Fox First at Ten on November 6th

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Nissan's quarterly profit rose nearly 8 percent, but the Japanese automaker lowered its full-year forecasts Tuesday because of a sales slump in China and weakness in Europe. Nissan Motor Co. reported a July-September net profit of 106 billion

Toyota quarterly profit triples, raises forecast

Submitted by Fox First at Ten on November 5th

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Toyota's quarterly profit tripled, driven by a recovery from natural disasters, and the company raised its full-year earnings forecast Monday despite a sales slump in China. Toyota Motor Corp., on track to regain the crown of world's No. 1

Nuclear plants weather hit from superstorm Sandy

Submitted by Fox First at Ten on October 30th

By RAY HENRYAssociated Press ATLANTA (AP) - Superstorm Sandy forced three nuclear reactors to close by playing havoc with cooling water and electrical lines, but the nuclear industry took the pounding without suffering a major problem. Nuclear plants are supposed to withstand hurricanes,

Mitsubishi Motors profit improves on cost cuts

Submitted by Fox First at Ten on October 30th

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Mitsubishi Motor Corp.'s fiscal second-quarter net profit improved 60 percent to 10.1 billion yen ($126 million) on cost cuts, but the Japanese automaker lowered its projection Tuesday for China, where a bitter territorial dispute is sending

Chrysler 3Q profit up 80 percent

Submitted by Fox First at Ten on October 29th

By TOM KRISHERAP Auto Writer DETROIT (AP) - Strong U.S. sales powered Chrysler to a healthy third-quarter profit. The company on Monday reported net income of $381 million, up 80 percent from $212 million a year earlier. The profit was due mainly to a 13-percent sales increase in the U.S.,