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Biz Buzz: Ford's Dim Outlook, Gap's Gains, and Other Business News

Ford Motor is feeling the squeeze as pickup trucks and SUVs go out of vogue because of soaring gas prices. The automaker said yesterday it's extremely unlikely it can return to profitability in 2009. Ford said it would cut back truck and SUV production by up to 40 percent in the second half of this year, compared with a year earlier. Just a month ago, Ford had said it would make money next year. Full-size pickup sales fell 15 percent in the first quarter, and sales of full-size SUVs were down 28 percent. Billionaire investor Kirk Kerkorian's offer to buy up to 20 million Ford shares at $8.50 apiece is suddenly looking more attractive, as Ford shares dropped by 8 percent, to $7.16, Thursday.

Rick Newman of U.S. News wrote about why small cars are a smart buy.

GM Says Strike Cost $1.8 Billion

General Motors said today that a strike at supplier American Axle & Manufacturing Holdings would cost the automaker $1.8 billion in the second quarter. more

Sangoma Develops New Hybrid Concept in Telephony Cards

"The German market is an important one for Sangoma, and strategic in our European growth," said Sangoma's VP of Sales and Marketing, Doug Vilm. "More and more customers are becoming accustomed to a responsiveness to their needs, and products with a level of quality and innovation that others simply cannot duplicate."

The card will share the same analog FXO/FXS and BRI modules with Sangoma's successful A200, A400, A500 cards, so Empowered by Sangoma channel partners will not need to stock more part numbers.

Sangoma's AFT product line provides the foundation for voice, data and video applications including legacy PBX, IVR, auto attendant, next generation gateways, media servers and application servers. Sangoma enables the PC to deliver superior auditory quality when communicating with public telephone networks. more

Two car accident snarls traffic in Arroyo Grande Saturday

A two car accident on Highway 101 snarls traffic on an already slow-going holiday weekend.

The accident happened on Highway 101 and El Campo Road, in Arroyo Grande just before 1:00 p.m. Saturday.

Two people were taken to the hospital as a result of the accident.

The traffic back-up was fairly extensive, though the vehicles were moved off the road shortly after the crash.

According to the California Highway Patrol their injuries were minor. One person who was involved was treated and released.

Photos courtesy of Michelle Dracup . more

Drivemocion animated car faces

Take a person who's normally sane and serene, stick 'em behind the wheel of a car and they turn into Vinny Jones on a bad day. In fact, the only thing that makes us as angry as driving the M25 is when grown men sign off emails with smiley faces. :o(

Which is why we're agape that someone has combined the two to such dramatically bad effect.

The Drivemocion animated car face cycles through five different animated expressions - sadness, anger, flirting, cheeky and total bastard. Sorry, no that should be pull me over and gun me down. Nope, wrong again. It's... actually, we don't care. It's just rubbish.

The main unit suckers to your back window and is controlled by a front mounted remote. It runs off dual AA batteries that can last up to four months "depending on usage". more

Latest Business Cards Program News

Ivy Leaguers' class for poor becomes 'platinum' charter schools - Denver Post

The Obama administration cites the Knowledge Is Power Program, as the nonprofit system is known ... compared with 40 percent for low-income students nationwide, according to a 2008 report card on the organization's Web site. About 90 percent of KIPP ...

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Banking system stronger, but far from recovered - USA Today

Cattaraugus County Bank doesn't exactly cruise in the fast lane of global finance. Two of its branches have hitching posts where Amish customers can tie up horse-drawn buggies. "I don't like picking up the paper and reading about fat cat bankers ...

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State of the Art - New York Times

Apparently, the people in positions of power at Palm weren’t completely pleased with the plethora of P’s in the appellations “Palm Pre” and “Palm Pixi,” the app phones Palm produced for Sprint . Palm has now expanded the parade of P’s ...

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A Portable File Cabinet - Wall Street Journal

What if you could collect, in one well-organized, searchable, private digital repository, all the notes you create, clips from Web pages and emails you want to recall, dictated audio memos, photos, key documents, and more? And what if that repository ...

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Your guide to today, tomorrow and beyond - El Paso Times

"Forget Me Not 2010" fashion fundraiser for the Alzheimer's Association will be at 7:30 p.m. Saturday at the Union Depot, 700 San Francisco. There will be complimentary hors d'oeuvres and wine. Tickets cost $25 and can be purchased at the door or by ...

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Wells Fargo reports unexpected 4Q profit - San Francisco Chronicle

Wells Fargo & Co. on Wednesday took a more optimistic view than other banks about the outlook for the loan business and the economy as it reported a surprise $394 million profit for the fourth quarter. The bank did say problems remain in lending ...

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BofA: Loan losses may have peaked - Rock Hill Herald

CHARLOTTE -- Bank of America executives on Wednesday said massive loan losses that have mauled profits over the past two years appear to have peaked, but they remained cautious about the pace of the nation's economic recovery. New chief executive ...

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Experts: ‘Good habits’ best for managing debt - Brazoria Facts

Extra income makes a huge difference,” she said ... Study Program provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses, according to the Federal Student Aid ...

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Holliston's charity's help for Haiti is in the cards - MetroWest Daily News

Project Just Because runs the Hopkinton food pantry and a number of programs ... deliver the cards to a school on the Sri Lankan coast. Students at Elmwood School became involved, and the initiative led to a yearlong educational program involving ...

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More taxi access in the offing - Boston Globe

WHEN SHARI Zakim, the daughter of late civil rights leader Lenny Zakim, revealed her troubles hailing a cab in her wheelchair on New Year’s Eve, she shed light on a challenge shared by people with disabilities in Boston and beyond. But the response ...

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