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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 02, 2010
Page
4
Toyota announced a steel shim fix to resolve the gas pedal problem tied to a large recall. Repairs will take about 30 minutes and start in a few days, with priority given to cars already on the road as owners are notified by mail. Jim Lentz apologized, saying Toyota has let customers down and aims to restore trust.
U S factory output rose in January to its strongest point since 2004 as ISM notes a 58.4 index and high new orders, while construction spending drops, personal income growth stalls, and consumer spending remains modest, signaling a fragile yet improving economy with potential hiring gains.
Mosaic, a 3000 member Los Angeles megachurch led by Erwin McManus, is among six finalists in Doritos Crash the Super Bowl with a 30 second spoof called Casket. If top three in votes, it airs Feb seven during the Super Bowl and could win up to 1 million dollars.
Exxon Mobil posted a 2009 net income of 19.3 billion dollars, a seven year low as refineries faced weak demand and a global recession. Fourth quarter income fell 23 percent, marking five straight quarters of declines after a 2008 third quarter peak.
Yahoo and the Associated Press sign a licensing agreement to keep AP content on Yahoo's site amid online revenue pressures. Terms not disclosed. AP seeks renewal with Google and Microsoft while continuing partnerships with Reuters and others. Yahoo notes the deal supports its 600 million worldwide users.
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