Toyota Expects Its First Loss Since Before WWII

On Monday, Toyota announced that it expects an operating loss of $1.7 billion in its auto business for the fiscal year ending March 31, 2009. If so, the loss would be the company’s first since 1938. In a sign of how fast the economy has deteriorated, last year Toyota reported $28 billion in operating profit earned. [NY Times: Toyota Expects Its First Loss in 70 Years]

Yahoo Q3 Earnings Tomorrow

Yahoo announces Q3 earnings tomorrow for what is expected to be a disappointing quarter for the Internet giant. Analysts, bloggers and reporters (led by former Internet stock analyst Henry Blodget) have recently been highly critical of Yahoo.

Yahoo is expected to announce layoffs of somewhere between 1,500 and 3,000 employees at all levels.

CEO Jerry Yang also has to answer questions about the status of the AOL negotiations, the declining stock performance, the failure of Microsoft merger, and the general malaise of the company.