THREE TIMES UNLUCKY?: The firm has finished the product testing it promised after the first recall, but its CEO said he could not promise there would not be more recalls
Mattel Inc's reputation took another hit after the world's largest toy maker announced a third major recall of Chinese-made toys in little more than a month because of excessive amounts of lead paint.

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Software experts on Tuesday unexpectedly rebuffed Microsoft's bid to have its open document format, Office Open XML, recognized as an international standard. The decision complicates the company's effort to extend its dominance to the emerging field of open documents.

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BILATERAL TALKS: The US president said he would have a `candid' discussion with Hu Jintao and tell him Beijing could help correct trade problems by floating the yuan
US President George W. Bush urged China's consumers yesterday to buy more to reduce a yawning trade gap with the US, as he looked forward to talks with Chinese counterpart Hu Jintao (胡錦濤).

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The US Federal Reserve and other banking regulators issued special guidance on Tuesday urging loan service companies to work with borrowers in danger of defaulting on their home mortgages.

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The EU's competition commissioner yesterday warned China against using national security concerns as an excuse to protect its companies and industries.

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