Toyota faces record $16 million penalty over gas pedal defect
U S authorities seek a 16 375 million fine against Toyota for delaying a recall after learning of sticking gas pedals in late September. Authorities cite 52 deaths linked to accelerator problems and note Toyota recalled 6 million U S vehicles and 2 3 million affected by the pedal issue.
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Toyota Motor Corp
U.S
Toyota
Ray LaHood
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Economic uptick spurs hope for faster hiring
Washington reports stronger service sector growth and higher home sales contracts. Economists say the improved data could embolden firms to hire more and cut unemployment, with 162,000 jobs added last month the strongest gain in nearly three years. Jennifer Lee of BMO Capital Markets called the news better than expected.
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Washington
Jennifer Lee
BMO Capital Markets
Apple ships over 300000 iPads on opening day
Apple Inc reported delivering more than 300000 iPads on opening day including pre orders and devices picked up at retailers. Analysts noted the figure matched early iPhone launch levels while underscoring marketing challenges beyond initial buyers.
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Seattle
Apple Inc
Apple
Best Buy
Ohio gas prices rise after jobs report
Ohio gas prices in Columbus jump six cents this week as traders push oil higher on Friday after the government reported March payroll gains of 162000 jobs, the biggest increase in three years. Rising employment fuels expectations of stronger fuel demand and higher prices.
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Columbus
Ohio
U.S
Ohio gas price average rises to 2.74 per gallon
An AAA survey with the Oil Price Information Service and Wright Express shows Ohio’s average price for regular gasoline up to 2.74 per gallon, from 2.68 last Monday. State prices are 9 cents below the national average of 2.83, and a year ago Ohio regular gas averaged 2.04 per gallon.
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The
Oil Price Information Service
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Ohio
Refunds to Pay Down Debt Dominates Poll Findings
A Bankrate.com poll shows 30 percent of Americans plan to use tax refunds to reduce debt, 28 percent will save or invest, and 7 percent will buy vacations or shopping. National Endowment official Pat Seaman urges viewing refunds as earned money, not windfalls.
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Washington
Bankrate.com
Pat Seaman
National Endowment For Financial Education
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