U.S. Transportation Secretary Ray LaHood
I MEANT, YOU SHOULD AT LEAST PARK IT FIRST
"What I said in there was obviously a misstatement."
- U.S. Transportation Secretary Ray LaHood goes into full backpedal mode, after triggering a panic among Toyota vehicle owners and shareholders by telling a congressional committee that any owner of a Toyota affected by the accelerator recall should "stop driving it."
IS 'DOMINO' A GREEK WORD?
"Following Greece, there are other countries, like Spain and Portugal. This is why the Greek issue, despite its particular Greek characteristics, is also a euro zone issue."
- Greek Finance Minister George Papaconstantinou warns that if Greece were to collapse under its debts, it could drag other dangerously debt-laden European Union nations down with it.
AT THE TIME, THOSE WERE CONSIDERED GOOD QUALITIES
"This was an arrogant scheme hatched by the bank's top executives who believed they could play by their own set of rules. In the end, they committed an enormous fraud and American taxpayers ended up paying billions for Bank of America's misdeeds."
- New York Attorney General Andrew Cuomo charges Bank of America and two of its former executives with fraud, alleging that they duped shareholders and the U.S. government when they bought Merrill Lynch and then sought government bailout funds.
THE POST-HANGOVER HANGOVER?
"For some Canadian businesses, the recovery may prove as challenging as the downturn. … Canadian companies are emerging from the recession to an altered world - one that may require deeper restructuring and bolder strategic initiatives than currently contemplated."
- Bank of Canada Governor Mark Carney tells a business audience in Winnipeg that global shake-up stemming from the "Great Recession" could make for a complicated, uneven and unpredictable recovery in many Canadian business sectors.
NO BAN OF THE VIRTUAL BARGAIN BIN
"We don't like the Amazon model of selling everything at $9.99. … I think it really devalues books."
- Media magnate Rupert Murdoch wants his empire's book-publishing arm, HarperCollins, to renegotiate its deal that allows Amazon to sell Kindle-friendly electronic version of its books for just under $10 (U.S.) - below their wholesale cost.