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TWM Today: Wall Street

|Includes: CA, Toyota Motor Corporation (TM)
Toyota's Pedal To The Metal Oops ~ U.S. regulators plan to fine Toyota (NYSE:TM) $16.4 million for allegedly hiding gas-pedal problems from safety regulators. It would be by far the largest civil penalty ever imposed against an auto maker.

There Goes The Restructuring Again ~ CA Inc. (NASDAQ:CA), which is projecting earnings for its fiscal year at the low end of its prior estimate, said it plans to cut about 1,000 positions, or 7.6% of its work force, as part of a restructuring and consolidation.

Insurance Scams, Imagine That ~ Scam artists are taking advantage of the new health-insurance law to peddle phony policies. Health and Human Services Secretary Kathleen Sebelius said Tuesday she is warning state officials about a proliferation of scams involving phony health-insurance policies. Some of the hustlers are going door to door claiming there's a limited open-enrollment period to buy health insurance now. But the big expansion of coverage won't come for another four years, and door-to-door salespeople are unlikely to be part of the plan then.

Greece Seeks Big Bucks From US ~ Greece is seeking $5 billion to $10 billion from US investors to help cover its May borrowing requirement of about 10 billion euros to roll over maturing debt and meet interest payments. The issuance is Greeceā€™s first in the US in nearly two years.

Enjoying The Jobs News ~ The Labor Department says job openings rose in several sectors of the economy in February, including retail, manufacturing, restaurants and hotels, and transportation. The report is consistent with other surveys showing hiring is picking up in those areas. It also echoes last week's employment report, which showed broad job gains in March.


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