UNITED STATES

Toyota says growth trumped safety, vows changes

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The head of Toyota Motor Corp blamed the company's drive for rapid growth for slipping safety standards and said he was deeply sorry for accidents caused by problems with Toyota vehicles.

Hyundai Motor halts 2011 U.S. Sonata sales

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South Korea's Hyundai Motor said on Wednesday it had suspended sales of its new Sonata models in the United States due to door lock problems, sending its shares more than 4 percent lower.
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Retail results improve but consumers still wary

For retailers that sell everything from toilet paper to refrigerators, 2010 may be more about winning sales from competitors than about getting consumers to buy a lot more of their merchandise.
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Wall Street drops along with consumer confidence

U.S. stocks suffered their biggest one-day decline in nearly three weeks on Tuesday after a sharp drop in consumer confidence heightened worries over one of the most vulnerable areas of the economy.
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Daily Forecast - 24/2/2010

The Australian Dollar opens sharply lower on Wednesday just under US89 cents after weaker than expected U.S. consumer confidence data released overnight took the wind out of the sails of higher yielding currencies and riskier assets.
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Drop in consumer confidence hits Wall Street

U.S. stocks suffered their biggest one-day decline in nearly three weeks on Tuesday after a sharp drop in consumer confidence heightened worries over one of the most vulnerable areas of the economy.
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China says Google hacking claims groundless

Google's assertion that its computers were attacked by hackers based in China was groundless, Beijing said on Tuesday, hardening its rhetoric in a spat with Washington over Internet freedom.
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Apologetic Toyota vows safety improvements

Toyota Motor Corp apologized for letting safety standards slip during a period of fast growth and vowed to respond more quickly to consumer complaints as two days of congressional hearings crucial to the automaker's reputation began on Tuesday.
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China unveils new Internet restrictions

China moved to tighten its grip on the flow of Internet information this Tuesday, saying individuals who want to operate Websites must first receive approval from regulators.
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Consumer confidence sags on jobs worry

Consumer confidence sagged to a 10-month low this month on worries about jobs and fears gridlock in Washington could hinder efforts to restart employment, curbing the economic recovery.
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Greenspan: U.S. recovery extremely unbalanced

Former Federal Reserve Chairman Alan Greenspan said on Tuesday the U.S. economic recovery was extremely unbalanced, driven largely by high earners benefiting from recovering stock markets and large corporations.
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Toyota vows shake-up, lawmakers seek more reform

Top executives at Toyota Motor Corp promised a quality shake-up on Tuesday as the Obama administration said it would hold the carmaker's chief to a pledge to address safety issues after massive recalls.
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FCC: Four Types of Americans Who Don't Have Internet

The Federal Communications Commission announced plans to launch its National Broadband Plan next month, which will provide high-speed Internet connections to over 93 million Americans who currently don't use Internet.
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Toyota's CEO 'deeply sorry' (Full Text)

The House Oversight Committee has released the opening statement for the committee's Wednesday's hearing that features Toyota President and CEO Ako Toyoda. The follow is the full text:
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Regulators report 27 percent jump in problem banks

The number of problem U.S. banks jumped 27 percent during the fourth quarter of 2009 to 702, the highest level since 1993 and a sign the industry's recovery is still shaky, regulators reported on Tuesday.

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