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...financial problem is simple. When Hands bought the 113-year-old British company in August 2007 - just before the credit crunch hit - both he and Citigroup expected he'd be able to finance the $4.2 billion in debt he'd taken on to close the deal. Hands also believed he could quickly turn around EMI's long-struggling record division...

Author: /time Magazine | Title: EMI's Downfall: Will the Hits Keep Coming? | 2/9/2010 | See Source »

...August 2005-January 2006: The NHTSA conducts a second evaluation after Jordan Ziprin, a Camry owner, reports "inappropriate and uncontrollable vehicle accelerations." In a subsequent questionnaire sent out to owners, hundreds of people report problems with acceleration and braking, but the NHTSA determines that their concerns are of "ambiguous significance" given the variety of defects described. Based on this sense of inconclusiveness, the administration denies Ziprin's petition for further investigate into the 19 Camry and Lexus models that are potentially involved. (See the top 10 product recalls...

Author: /time Magazine | Title: Toyota's Safety Problems: A Checkered History | 2/9/2010 | See Source »

...August 2007: The NHTSA upgrades the investigation to an "engineering analysis," meaning it will do full-fledged vehicle testing instead of just reviewing complaints or single vehicles and crunching questionnaire numbers as it had done in the past. This leads to a floor-mat recall of the Camry and Lexus models in September. The NHTSA believes that 55,000 units may be affected...

Author: /time Magazine | Title: Toyota's Safety Problems: A Checkered History | 2/9/2010 | See Source »

January 2008-August 2008: The NHTSA denies the petition of a Toyota Tacoma owner who has asked the agency to investigate the unwanted sudden acceleration he experienced. It finds the possibility of a defect to be "quite limited...

Author: /time Magazine | Title: Toyota's Safety Problems: A Checkered History | 2/9/2010 | See Source »

...While the Taliban deny that Hakimullah was killed, they had initially issued similarly fierce denials when his predecessor, Baitullah Mehsud, was killed by a drone strike last August. There are strong signs that a change of leadership may be under way in the ranks of the Pakistani Taliban. According to local reports, Hakimullah was taken to Mamozai village in Orakzai tribal agency, where he had first emerged as a Taliban commander and where his second wife lives. A doctor was summoned from nearby Hangu to treat his injuries. But well-placed sources believe Hakimullah died from his injuries...

Author: /time Magazine | Title: U.S. Deaths in Pakistan Fuel Suspicion | 2/5/2010 | See Source »

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