Government finds no electronic cause for Toyota unintended acceleration
The 10 month study by federal officials and NASA found no electronic fault behind reports of sudden unintended acceleration in Toyota and Lexus vehicles. Pedal sticking floor mats and pedal misapplication were cited as likely causes. Toyota's recalls and record fines were noted amid shares rising after the report.
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Job openings fall for second straight month in December
The Labor Department reports December job openings near 3.1 million, down about 140,000 from November, marking the second consecutive monthly decline and the lowest level since September. Openings have risen 31 percent from the July 2009 bottom. Analysts expect cautious hiring ahead.
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Washington
Labor Department
Eee
Quicken Loans Denies Overtime Owed in Detroit Trial
Opening statements in Detroit set the stage for a high stakes case over overtime for more than 300 former employees. Quicken argues the workers were mortgage bankers, not entitled to overtime, while Dan Gilbert attended and signaled possible settlement talks with Judge Stephen Murphy III presiding.
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