Toyota hits reliability setback in Consumer Reports survey
Toyota’s U S reliability rating fell after three straight monthly sales declines and executive defections. Two popular models the Tundra and Camry scored below average, Lexus GS rated low, with CR pausing recommendations until new data. Ford led among domestic brands in reliability.
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House Extends Internet Tax Moratorium For Four More Years
Washington The House approved a four year extension of the moratorium on state and local taxes on Internet access with a 405 to 2 vote. The measure preserves a temporary shield while a permanent ban remains debated. Supporters call it pro consumer and pro tech while opponents push for a permanent exemption to prevent future taxation.
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Mel Watt
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Industrial output weak for second straight month
The Federal Reserve reported industrial output rose 0.1 percent in September after zero change in August, with auto production dropping and housing-related industries showing weak demand. Wall Street shares dropped on renewed signs of weak production and higher oil prices. Midwest bank KeyCorp said Q2 earnings fell 33 percent due to loan losses and mortgage value declines, warning Q4 would miss expectations and sending shares to a 52-week low at $30.44.
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