Toyota may have to change its U.S. sales targets because of production slowdowns in Japan and North America, the U.S. sales chief of the world’s largest automaker said on Tuesday. Get the full story »
Inside these posts: Japan tsunami
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United, Continental cutting capacity to Japan
United and Continental airlines are reducing flights between the U.S. and Japan because of a drop in demand since the March 11 earthquake and tsunami. Get the full story »
McDonald’s boosts exports to Japan after quake
McDonald’s Corp. has been forced to step up imports to Japan of items like sauces, oil and lettuce by between 10 percent and 20 percent to counter supply-chain disruptions and damage from the earthquake and resulting tsunami. Get the full story »
Consumer confidence slips from three-year highs
U.S. consumer confidence fell in March after hitting a three-year high in the prior month as expectations about jobs and income growth worsened, according to a private sector report released on Tuesday. Get the full story »
General Motors halts some production at plant
General Motors Co. is halting some production at its Buffalo, N.Y., engine plant because of a slowdown in parts from Japan. Get the full story »
Deere expects delays in excavator deliveries
Deere & Co. said Friday it expects delivery delays for some construction excavators built under a joint venture with Japanese equipment manufacturer Hitachi. Get the full story »
Airlines face ‘major slowdown’ due to Japan: IATA
The nuclear and earthquake crises in Japan will cause a “major slowdown” for airlines in Japanese markets, and a rebound is unlikely before the second half of 2011, a leading airline industry trade group said on Friday. Get the full story »
Caterpillar warns of supply chain disruptions
Caterpillar Inc. said disruptions in its supply chain in Japan could sporadically affect the company’s assembly plants elsewhere in the world.
The Peoria-based manufacturer of construction equipment said Friday it is attempting to secure alternative sources for components produced by Japanese-based suppliers in case they aren’t able to provide sufficient volumes of components in the aftermath of last week’s earthquake and tsunami in northeast Japan. Get the full story »
Japan quake insured loss may reach $25 billion
Friday’s earthquake in Japan caused insured losses of between $12 billion and $25 billion, making it one of the costliest natural disasters in history for global insurers, catastrophe risk modeling firm Eqecat said. Get the full story »
Stocks sink on warning of ‘catastrophic events’
U.S. stocks sank deeper into the red on Wednesday after the European Union’s energy chief warned of “possible catastrophic events” at Japan’s nuclear plants.
Swinging in choppy trading, the Dow Jones Industrial Average tumbled 99 points, or 0.8 percent, to 11756, with all but two of its 30 components in the red. Get the full story »
Boeing commits $2M to Japan relief
Chicago-based Boeing Co. says the company will make a $2 million contribution to aid those affected by the earthquake and tsunami in Japan. Get the full story »
U.S. property companies assess damage in Japan
U.S. real estate companies said on Monday they were trying to assess the damage that last week’s earthquake and tsunami may have inflicted on the hotels, warehouses and outlet centers they own in Japan.
The companies, including four real estate investment trusts (REITs), are expected to incur some property damage from the disaster. With a highly dense population in one of the world’s wealthiest countries, Japan is a favorite among U.S. real estate investors. Get the full story »
Moody’s: Japan woes may hit investor confidence
Japan’s devastating earthquake and tsunami may accelerate the point at which investors potentially lose confidence in the country’s finances, Moody’s Investors Service said on Monday. Get the full story »
March 11 at 4:42 p.m.
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Filed under: Airlines, Airports, International, Transportation, Travel, Updated United, Delta, American cancel most Japan flights
The three largest U.S. carriers scrambled Friday to ensure that employees in Japan were safe as they re-routed passengers and aircraft bound for the earthquake-stricken country.
United, Delta and American airlines canceled many, but not all, flights to Japan Friday and offered to waive booking fees for those who opted to cancel or reschedule travel there as the country recovers from one of the largest earthquakes on record. Get the full story »
