David Weidner’s Writing on the Wall: Wall Street’s latest contagion goes global (source: Market Watch)

The world’s regulators seem to have caught the case of amnesia that swept over Wall Street in the past six months, writes David Weidner. (source: Market Watch) – RSS news feeds and Widgets on Feedzilla.com

Joyce irresponsible, says Rudd (source: The Australian)

COMMENTS by Senator Barnaby Joyce casting doubt on the government’s ability to repay debt are ”fundamentally irresponsible”, Prime Minister Kevin Rudd says. (source: The Australian) – News widgets and RSS feeds on Feedzilla.com

Companies Increasingly Use Target-Date Funds as Default Investment Option (source: Watson Wyatt)

A survey by Watson Wyatt found that the number of companies that use target-date or lifecycle funds as their default investment option has increased sharply in the last few years, from 38 percent in 2006* to 62 percent today. (source: Watson Wyatt) – RSS news feeds and Widgets on Feedzilla.com

Iran ‘ups nuclear fuel enriching’

Iran has started the process of enriching uranium to 20% in defiance of the West, Iranian state media says.

The process was begun at the Natanz plant in the presence of International Atomic Energy Agency (IAEA) inspectors, al-Alam state television reported.

The move came after Western powers stepped up pressure for international sanctions against Iran.

The US and its Western allies say Iran is trying to develop a nuclear weapon – a charge Iran denies.

Iran currently enriches uranium to a level of 3.5% but requires 20% enriched uranium for its Tehran research reactor, which is meant to produce medical isotopes. A bomb would require uranium enriched to at least 90%.

Enriching to 20% would take about one year, using the 2,000 centrifuges at the underground Natanz facility, experts say.

But moving from 20% to 90% would take only six months and only require between 500 and 1,000 centrifuges.

Iran insists its nuclear programme is entirely peaceful and designed to provide civilian power.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Toyota recalls Prius, other hybrids over brake woes (source: Reuters)

TOKYO/DETROIT (Reuters) – Toyota Motor Corp said it is recalling nearly half a million of its flagship Prius and other hybrid cars for braking problems as it seeks to address criticism over the handling of its worst safety crisis. (source: Reuters) – News widgets and RSS feeds on Feedzilla.com

Toyota in global recall of Prius

Toyota has recalled thousands of its hybrid Prius cars sold in Japan last year due to a brake problem.

It was unclear if the recall would be extended to Prius cars sold outside Japan.

The company filed papers at Japan’s transport ministry about the recall of the 2010 model on sale since May.

Company president Akio Toyoda, already dealing with damage to its reputation in the wake of other problems, is due to hold a news conference shortly.

Toyota has already recalled about 8 million vehicles with faulty accelerator pedals or floor mats.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Sources: Pakistani Taliban leader dead (source: CNN)

Pakistani Taliban leader Hakimullah Mehsud is dead, three Taliban sources said Tuesday. (source: CNN) – RSS and News widget on Feedzilla.com

Toyota recalls 400,000 hybrid cars (source: CNN)

Toyota announced a global recall Tuesday for three of its 2010 hybrid models — the Prius, Sai and Lexus HS250h – - totaling about 400,000 vehicles. (source: CNN) – RSS widgets and RSS feeds on Feedzilla.com

Toyota recalls 400,000 hybrid cars (source: CNN)

Toyota announced a global recall Tuesday for three of its 2010 hybrid models, totalling about 400,000 vehicles, the first recall of Toyota vehicles sold in the domestic Japanese market. (source: CNN) – RSS news feeds and Widgets on Feedzilla.com