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Congresswoman with close ties to Toyota in recalls Investigation committee

California – A congressional committee investigating Toyota’s nationwide recall includes a congresswoman who owns a chunk of shares in the company and owes much of her personal wealth to a family owned auto-accessories manufacturing outfit that supplies the embattled automaker. Democratic Representative Jane Margaret Lakes Harman also represents Torrance, the district in California where Toyota

SunPower Acquires European Solar Company

On Feb. 11, SunPower announced the acquisition of European solar company SunRay Renewable Energy for $277 million in what analysts see as a company strategy to stabilize itself in the volatile solar market. For $235 million in cash and $42 million in a letter of credit, SunPower will adopt a project pipeline of solar photovoltaic

Investor confidence in Intuitive Surgical strong despite leadership shuffle – analyst

Sunnyvale, Calif. – Institutional investors and mutual funds snapped up Intuitive Surgical Inc. (Nasdaq: ISRG) stocks as prices shot up to an all time high of $346.29 last week, following strong ‘09  performance and despite a recent shuffle in leadership. Last October, the company announced that its President and Chief Operating Officer Gary Guthart would

Intuitive Surgical stocks soar as performance beats expectations

SUNNYVALE, Calif. – Intuitive Surgical Inc. (NASDAQ:ISRG), reported strong fourth-quarter results on January 21 with profit up 53 percent on increased demand for its da Vinci surgical robot systems and higher instruments and accessories sales. Intuitive, the leader in operative surgical robotics saw fourth-quarter net profits grow to $77.6 million, or $1.95 per share, from

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