Toyota recalls 1.13 million vehicles
Toyota will recall 1.13 million Corolla and Matrix cars for a flaw that U.S. regulators said may cause stalling "at any speed without warning." The recall affects vehicles from the 2005-2008 model years in the United States and Canada and follows at least three reported accidents linked to the defect.
The action adds to record recalls in the past year by Toyota, including more than 8 million vehicles worldwide for flaws related to unintended acceleration.
The recall also covers about 200,000 of General Motors' Pontiac Vibe hatchbacks, according to a statement from GM. Vibes and Matrixes were manufactured in a GM- Toyota joint venture in California.
- Bloomberg News
FCC appeals ruling on its indecency policy
The Federal Communications Commission asked an appeals court Thursday to reconsider its ruling striking down the agency's indecency policy on "fleeting expletives" heard on broadcasts.
The FCC's request to the U.S. Court of Appeals for the 2nd Circuit in New York came after a three-judge panel last month called the policy unconstitutionally vague and said it could chill otherwise acceptable speech. News Corp.'s Fox Television, CBS Corp.'s CBS Broadcasting and others had challenged a 2004 FCC ruling that on-air expletives that were not bleeped out were indecent and their use could be penalized.
In a court filing, the agency said the decision "threatens to have a wide-ranging adverse impact on the FCC's ability to enforce federal statutory restrictions on the broadcast of indecent material."
l Simpson apologizes for remarks: The co-chairman of a commission on the U.S. budget deficit came under fire after an off-color remark that likened the payment of government retirement benefits to milking cows. Women's groups and some lawmakers called for the ouster of Alan Simpson, a Republican who serves on the bipartisan panel created by President Obama.
Simpson wrote this week in an e-mail to a critic that the Social Security retirement program has reached the point "where it's like a milk cow with 310 million tits." He issued an apology.
Sen. Bernard Sanders (I-Vt.) and Rep. Peter DeFazio (D-Ore.) said the remarks demeaned older Americans and disabled people who receive Social Security benefits and asked that Simpson be removed from the panel. The National Organization for Women said Simpson was "not fit to lead" the National Commission on Fiscal Responsibility and Reform.
l HP-Dell bidding war heats up: Hewlett-Packard has again raised its bid for 3Par above an offer from rival Dell, offering $27 per share in cash, or about $1.69 billion. That's nearly three times what 3Par had been trading at before Dell's initial bid last week.
Earlier Thursday, Dell said 3Par had accepted its second offer of $24.30 per share in cash, or $1.52 billion. Dell made its first offer, $18 per share, for 3Par on Aug. 16, and HP responded Monday with a bid of $24 per share.
HP and Dell are looking at 3Par as a way to build up their "cloud computing" businesses, which involve delivering software, data storage and other services to customers over the Internet.
- From news services