Toyota probes Corolla power steering complaints and possible recall
Toyota Motor Corp investigates hundreds of power steering complaints in the Corolla amid recalls and safety lapses. Shinichi Sasaki notes unclear causes and possible ties to braking or tires as US officials review the issue. Akio Toyoda defers congressional appearance while promising enhanced global safety systems and a quick internal probe.
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Tokyo
Toyota Motor Corp
Akio Toyoda
Washington, D.C
Toyota
Shinichi Sasaki
Sasaki
Andre Kamali
Palo Alto
Calif
Obama cites stimulus bill as saver of jobs and recovery
President Obama marking the one year anniversary of the $787 billion Recovery Act said it helped prevent a deeper downturn and kept up to 2 million people on payrolls. He defended the plan to critics while noting 8.4 million jobs were lost since the 2007 recession began.
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Toyoda
Washington, D.C
Barack Obama
Obama
Congress
United States
Stocks climb on upbeat earnings and economic reports
A steady stream of positive corporate results and improving manufacturing data boosted the market. The Dow rose about 40 points after a 170 point jump, Treasury prices eased, and traders awaited Wal-Mart and Goodyear earnings amid ongoing Greece and China concerns.
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New York
Greece
Deere & Co
Whole Foods Market Inc
Dow Jones
Treasury
Wal-Mart Stores Inc
Goodyear Tire
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