Toyota recalls GX 460 SUVs for rollover risk in 2010 line
Toyota ordered a recall of 9,400 2010 Lexus GX 460s and agreed to a record 16.4 million dollar fine for late notice of a safety defect. Transportation Secretary LaHood criticized the delay and said the company hid the issue before acknowledging it. Toyota plans software updates to the stability control system and halted GX 460 sales as investigations continue.
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Toyota
Toyota Motor Corp
Santa Ana
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Public Opinion
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Alexandria
Ray LaHood
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LaHood
St. Louis
Ash Clouds Paralyze Kenyan Flower Trade Across Europe
Kenya's $922 million horticulture sector reels as volcanic ash halts European air links. About 5,000 day laborers lose work packing roses and lilies for Paris and Amsterdam while growers dump millions of blooms and seek new routes to market.
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Nairobi
Kenya
Daniel Ogier
Paris
Amsterdam
Iceland
Europe
Ogier
Ers
Philip Mbithi
Fresh Produce Exporters Association of Kenya
Mbithi
IHS Global Insight
Spain
Leading economic indicators rise in March for fastest growth in 10 months
The Conference Board index of leading economic indicators jumps 1.4 percent in March, surpassing economist forecasts. Seven of ten components rose, signaling a slow but ongoing recovery in housing, jobs, manufacturing and financial markets over the next three to six months.
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New York
Conference Board
Thomson Reuters
Ken Goldstein
Facebook blends profiles with pages to boost brands
Facebook revamps user profiles to emphasize pages for bands books and businesses. The change prompts users to join pages for items already listed as favorites such as Johnny Cash, integrating personal profiles with official pages.
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New York
Facebook
Lakers
Johnny Cash
Democrats See Goldman Suit Push for New Financial Rules
Democrats frame the Goldman Sachs fraud suit as leverage to push a broad financial regulatory bill aimed at preventing another crisis. The plan would require more openness in derivatives trading though many Republicans remain opposed. The case, tied to complex derivative deals, could reshape Senate debate despite limited direct impact on preventing past bundling practices.
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Washington
Goldman Sachs
Securities and Exchange Commission
Goldman
Senate
Wall Street
Bernanke says Fed unaware of Lehman debt masking
Fed Chair Ben Bernanke told a House committee that the Federal Reserve did not know Lehman Brothers used an accounting gimmick, Repo 105, to mask billions in debt before the 2008 crisis. He noted Fed staff monitored Lehman but could not regulate its disclosures or capital standards.
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Federal Reserve
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Fed
Ben Bernanke
Bernanke
House
House Financial Services Committee
Securities and Exchange Commission
Lehman
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