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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 27, 2012
Page
5
Honda Motor Co and Toyota plan stronger North American output as Japanese quake and postquake outages ease. Honda aims full plant by August except Civic builds while Toyota targets 70 percent by June after May reductions, easing dealer shortages.
Across the United States Europe and Asia growth decelerates. China faces slower expansion from rate hikes while Germany and Britain show weak gains and Japan slips into recession. IHS Global Insight projects 3.5 percent world growth this year.
Google launches a trial of its Wallet payment system in San Francisco and New York with MasterCard and Citibank. The program will roll out to consumers in summer and expand nationwide. The Nexus S 4G on Sprint will be the initial device, connecting only to MasterCard PayPass terminals, of which about 135,000 exist in the U.S. A single tap on the terminal completes the payment.
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