| Toyota slashes bonuses for managers by 20 percent |
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--(www.FinancialNewsUSA.com)-- 11/26/2009 - Most Popular industry news provided by Financial News USA. TOKYO (AP) -- Toyota is slashing bonus pay for managers as the Japanese automaker tackles a massive recall in the U.S. and deep losses for the second straight fiscal year. AP - FILE - In this Oct. 19, 2005, file photo a Toyota Prius hybrid compact car is exhibited at ... Toyota Motor Corp. said Thursday winter bonus payments for 8,700 managers in Japan will be cut by 20 percent. Japanese workers at major companies such as Toyota get twice-a-year bonus pay in addition to their monthly salaries which reflects the company's performance. Toyota announced in the U.S. on Wednesday a massive recall affecting 4 million vehicles to replace the gas pedals that can get stuck in the floor mats and cause sudden acceleration. The recall, Toyota's largest ever in the U.S., comes at a time when the maker of the Prius hybrid and Lexus luxury car is trying to reverse losses caused by a global slump and strengthening yen. BEIJING (AP) -- China says it is aiming for a big boost in energy efficiency by cutting carbon dioxide emissions per unit of gross domestic product by up to 45 percent by 2020. The announcement from the State Council, or Cabinet, comes ahead of next month's Copenhagen climate summit, which aims to produce a new global climate change treaty to replace the 1997 Kyoto Protocol. The State Council said it "is a voluntary action taken by the Chinese government based on its own national conditions and is a major contribution to the global effort in tackling climate change." China announced earlier Thursday that Premier Wen Jiabao will take part in the Copenhagen meeting. Copyright © 2009 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press. TOKYO (AP) -- A third to a half of the Sony Corp. TV sets sold annually will be packed with 3-D features by the year ending March 2013, a senior executive said Thursday. AP - In this Nov. 19, 2009 photo, Sony Corp. Executive Deputy President Hiroshi Yoshioka, left, and Sony Chief Executive ... But Sony Executive Deputy President Hiroshi Yoshioka acknowledged that what Sony may really need for its money-losing TV business is its own display technology and the ability to make its own TV displays. Sony has fallen behind in flat-panel TV technology to rivals like Samsung Electronics Co. of South Korea. Yoshioka acknowledged that having to buy panels from Samsung was one reason why his Tokyo-based company lags in flat-panel TVs that use a new kind of backlight called LED -- an innovation that can produce super-slim TVs and clearer images. Yoshioka said in hindsight the panel joint venture with Samsung produced difficulties despite some of the benefits. LONDON (Reuters) - Share trading on the London Stock Exchange (LSE:LSE.L - News) has been halted by technical difficulties, a spokesman for the bourse operator said on Thursday. As a result, all order-driven securities were placed in an auction call period at 1038 GMT (5:38 a.m. EST), with all share prices currently to be considered indicative, he added. The FTSE 100 (FTSE:^FTSE - News) index level frozen at 5,264.97, down 99.84 points, or 1.9 percent, and whilst the FTSE 250 value is changing, this is due to exchange rate movements rather than price changes, the LSE said in a service alert. In addition, the distribution of all FTSE UK Series real-time index values is also affected, the bourse operator said. The length of the auction call period has not yet been decided, however, a minimum of 30 minutes notice will be provided ahead of the scheduled uncrossing time, LSE added. About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
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