Toyota (TM) suspends production of three models as it comes across wrongdoing on certification tests for seven models.
A safety test scandal at Japanese automakers widened on Monday, with Toyota Motor and Mazda both halting shipments of some vehicles after Japan's transport ministry found irregularities in applications to certify certain models. The irregularities were also found in applications from Honda, Suzuki and Yamaha Motor, the ministry said. The automakers were found to have submitted incorrect or manipulated test data when they applied for certification of the vehicles.
We’re approaching the end of first quarter earnings season with 92% of companies listed in the benchmark S&P 500 index reporting results. By and large, it has been a strong period. In all, 78% of companies announced better-than-expected profits, and according to FactSet, 59% beat expectations with their sales. Many analysts are crediting the strong corporate earnings with reversing the stock market decline seen in April. While many companies came in ahead of Wall Street forecasts, a few delivere