Friday headlines include Goldman Sachs being targeted by a
Senate investigation, Walmart providing primary medical care,
another recall at General Motors, United Technologies stockpiling
titanium parts from Russia and China investigating Toyota's Lexus
Financial giants Goldman Sachs (
) and JP Morgan (
) are targets of an investigation being led by Sen. Carl
Levin. Representatives from the banks could appear at a hearing
as soon as next month. Among the issues being investigated are
whether or not big banks have used their commodity holdings to
abuse clients, consumers, the environment or the health of the
Retail giant Walmart (
) is joining other retailers such as CVS (
) in trying to provide more healthcare services to consumers.
Walmart has opened five primary care facilities in South Carolina
and Texas. The company said the clinics it has opened can address
a wider range of medical issues than the operations that it
leases to hospital operators in its stores. Walmart is offering a
wider range of services that CVS or rivals like Costco (
), which offers eye care.
Automaker General Motors (GM) is recalling a group of SUVs to
fix switches that operate power windows that can cause fires.
According to recently released government documents, is the third
time this group of vehicles has been recalled to fix the same
issue as previous fixes have proven to be ineffective. The
company is telling owners to park vehicles outside as they can
reportedly catch fire when left unattended. The company doesn't
expect parts to fix the 189,000 vehicles to be ready intul
Aircraft-makers like United Technologies (UTX) and Boeing (BA)
have been stockpiling titanium parts that they obtain from
suppliers in Russia in case the supply is disrupted by the
increasing tensions between Russia and the west.
Japanese automaker Toyota (TM) said Friday that regulators in
China are investigating its Lexus unit for possible violations of
the company's anti-monopoly laws. Toyota said it is fully
cooperating with the investigation. China has recently been
ramping up investigations of foreign luxury automakers.
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