IBT Staff Reporter

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Toyota to recall 1.3 million cars in U.S., Canada

Toyota Motor Corp said on Thursday it would recall 1.3 million Corolla and Matrix cars in the United States and Canada because of defective engine control modules that could cause the vehicles to stall.

Canadian firm really goes green with hemp car

Canadian developers are plotting a small revolution in the still-tiny market for electric cars, with a concept vehicle made from hemp set to debut at a specialized auto show next month.

Weight loss cuts risk of pregnancy complication

Losing the weight gained during pregnancy is a real struggle for many new mothers. But dropping just 10 pounds between pregnancies may help many women diagnosed with a dangerous complication during the first pregnancy to avoid a recurrence the second time around.

Market bounces off key level after Bernanke

Stocks rose in volatile trading on Friday as investors shook off a revenue warning from technology bellwether Intel and a downbeat economic assessment by Federal Reserve Chairman Ben Bernanke to snap up bargains.

Imports drag U.S. second-quarter growth lower

U.S. economic growth was revised down to a sluggish 1.6 percent annual rate in the second quarter, dampened by the largest increase in imports in 26 years, the government said on Friday.

Netanyahu proposes bi-weekly meetings with Abbas

Israeli Prime Minister Benjamin Netanyahu has proposed meetings with Palestinian President Mahmoud Abbas every two weeks to improve the prospects of Middle East peace talks, a diplomatic source said on Friday.

Iberia first-half loss narrows

Spain's Iberia posted a narrower-than-expected first-half operating loss on Friday as improving business travel and air cargo demand countered the negative impact of a volcanic ash cloud in April.

Carter gets teacher released from North Korea

Former President Jimmy Carter procured the release of 31-year-old American English teacher, Ajilon Gomes, from imprisonment in North Korea. Carter and Gomes left Pyongyang, North Korea, yesterday and Gomes is expected to be reunited with his mother and other family members in Boston today.

Imports drag U.S. 2nd-quarter growth lower

U.S. economic growth slowed more sharply than initially thought in the second quarter, held back by the largest increase in imports in 26 years, a government report showed on Friday.

Consumer sentiment dips in late August: survey

U.S. consumer sentiment pulled back in late August from earlier in the month but still improved from late July in the face of dismal labor and housing conditions, a private survey released on Friday showed.

Fed's Bullard says economy slow, to recover in 2011

The U.S. economy hit a soft patch in the second quarter but is not likely to fall back into recession and will pick up speed in the first half of 2011, St. Louis Federal Reserve President James Bullard said on Friday.

How I Sold It: Short Sale Saga

When the lender took back the foreclosed property the day before the closing, Florida-based sales associate Brenda Parish had to scramble to make sure the sale closed.

Jubilant Kenyans usher in new constitution

Cheered by hundreds of thousands of jubilant Kenyans waving national flags, President Mwai Kibaki signed a new constitution on Friday that curbs his sweeping powers and strengthens civic rights.

FTSE rises as UK GDP is revised up

The top share index was up by midday on Friday, off a seven-week low earlier this week, after the UK's second-quarter gross domestic product was unexpectedly revised upwards and ahead of a speech from U.S. Federal Reserve Chairman Ben Bernanke.

Stocks higher in rebound from Bernanke, Intel

U.S. stocks rose in volatile trading on Friday, shrugging off initial losses after the Federal Reserve chairman said the recovery has softened more than expected and Intel Corp warned about revenue.

Foreclosures fall but new delinquencies up: MBA

The number of U.S. homes headed for foreclosure fell during the second quarter, marking the first such drop since the housing slump began in 2006, but the improvement may be fleeting as the number of newly delinquent homeowners rose, a banking group said on Wednesday.

U.N. rights body rebukes France for mistreating Roma

A United Nations human rights body rebuked France on Friday for its crackdown on Roma and urged the government to try to integrate members of the EU's biggest ethnic minority rather than send them to eastern Europe.

Japan PM Kan vows firm moves against strong yen

Japan's prime minister said on Friday he will take firm measures on currencies when needed and will meet the Bank of Japan governor, increasing the possibility the central bank will ease policy soon as it confronts a surging yen.

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