IBT Staff Reporter

Toyota Motor Corp's president braced for tough questions from a congressional panel on Wednesday after the Japanese automaker conceded it had let safety standards slip and could still not explain most incidents of unintended acceleration.

Yahoo Inc plans to integrate Twitter into its collection of websites, as the company seeks to enhance the appeal of its online properties with popular social networking features.

Google Inc told communications regulators on Tuesday the fee assessed on customers who end their service contracts for its Nexus One mobile phone has been slashed to $150 from $350.

South Korea's Hyundai Motor has stopped U.S. sales of its 2011 Sonata sedan due to door lock issues, sending its shares down more than 4 percent on concerns it could become snared in a damaging recall crisis like Japanese rival Toyota Motor Corp.

Critical infrastructure and other technology dependent on global positioning satellites are increasingly threatened by attack from widely available equipment, technology experts are warning.

The Federal Deposit Insurance Corp may start selling bonds tied to the assets of failed banks as soon as next month, according to the Bloomberg news website.

Shares in Hyundai Motor lost more than 4 percent on Wednesday on reports it had stopped selling its new Sonata model in the United States due to problems with its door locks.

The Obama administration said on Tuesday it is still committed to the Volcker rule to ban risky trading by banks, although Congress looks increasingly unlikely to adopt the rule as proposed.

New York Attorney General Andrew Cuomo on Tuesday said Oppenheimer & Co will restore $31 million to the accounts of customers who were stuck owning auction-rate securities that became illiquid.

The European Commission is considering complaints from three online companies regarding Google Inc's practices including its search rankings, the company said on Tuesday.

Over 6500 authors have asked to be excluded from the digital books agreement that Google reached with the publishing industry bestselling authors Jeffrey Archer and Louis de Bernières and critical favorites Thomas Pynchon, Zadie Smith.

Hyundai Motor Co said on Tuesday it had stopped U.S. sales of its 2011 Sonata sedan due to potential faults in the front door latches that could affect 5,000 vehicles.

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.

Federal Reserve officials criticized congressional financial reform proposals that would strip the central bank of oversight powers, saying they could weaken, not strengthen protections against a future crisis.

The Eagles said goodbye to one of the cornerstones of their team today, Brian Westbrook.

Verdicts were expected on Wednesday on Google executives charged over a bullying video posted on the company's Italian website, in a case that could set a precedent for Internet content responsibility.

Celebrity real estate developer Donald Trump and investor Carl Icahn took their fight for the Atlantic City hotel-casinos bearing Trump's name to U.S. bankruptcy court on Tuesday.

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.

Toyota Motor Co. has not ruled out an electronic malfunction as a cause of unintended acceleration in its vehicles which has led to a major global recall.

Actor Charlie Sheen has followed his wife into a rehabilitation center as the couple attempts to repair their turbulent history.

Bloom Energy, a San Francisco based energy company, unveiled a refrigerator-sized personal power plant that produces energy cheaply and cleanly and may one day replace the traditional power grid.

The European Commission is looking into complaints from three online companies that Google Inc's search functions penalized their businesses, The Daily Telegraph reported in its Wednesday edition.

Intel Corp said it faced a sophisticated hacker attack in January about the same time as the recently publicized Chinese hacker attacks on Google Inc, but noted no clear link between the two events.

Charlie Sheen, the Two and a Half Men actor, has checked himself into rehab.

The parents of Amanda Knox, the American girl charged for murdering her British roommate, went on Oprah today to discuss what life has been like after her daughter was imprisoned.

A senior Federal Reserve official said on Tuesday that regulatory reform proposals before Congress probably won't prevent a future crisis and could hamper the central bank's ability to deal with one.

UBS AG named investment banker Jim Spencer as head of banks in its North America financial institutions group, according to an internal memo obtained by Reuters on Tuesday.

A number of private equity firms put in second round bids for Dow Chemical's Styron unit a week ago, including buyout firms TPG and Apollo.

The recent crude oil rally, which began on February 8 2010, ran into trouble Tuesday as global sentiments turned bearish on disappointing economic reports.