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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.

Toyota vows shake-up, lawmakers seek more reform

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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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EPA announces plan to clean up Great Lakes

A year after President Barack Obama proposed a plan to clean up the Great Lakes, the government Sunday laid out its plan to improve the ecology of the major bodies of water that support much of U.S. agriculture and industry.
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Inside Toyota's epic breakdown

Toyota Motor Corp was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States.
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Toyota recall: were red flags missed?

As the U.S. Congress gears up to delve into Toyota Motor Corp's (7203.T) massive global vehicle recall, the question they face is whether the automaker and regulators misread or ignored rising consumer complaints.
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Toyota stumbles but its kaizen cult endures

The cascading crisis at Toyota Motor Corp stemming from the massive recall of some of its vehicles is prompting other manufacturers that adopted its production system to ask whether the incident reveals a fundamental flaw in the Toyota Way.
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Fewer homeowners see home values falling

Fewer U.S. homeowners expect the value of their homes to decline in the year ahead, but they also believe gains are unlikely, according to a Thomson Reuters/University of Michigan survey published on Friday.
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U.S. launches probe of Prius brakes

In the latest blow to Toyota Motor Corp, safety regulators opened a formal probe into problems with the brakes of the Prius, the world's top-selling hybrid and a vehicle that has powered the automaker's reputation for fuel-efficiency.
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Chrysler in talks to take back Detroit-area plant

Chrysler is in talks to take back a Sterling Heights, Michigan, assembly plant that it had abandoned in bankruptcy, a move that could save about 1,200 jobs once expected to be eliminated by the end of 2010.
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Congress to probe Toyota recalls

Congressional investigators on Thursday sought documents on Thursday from Toyota Motor Corp and U.S. safety regulators about a pair of safety recalls the automaker was racing to address.
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Senate backs Bernanke for second term at Fed

The Senate on Thursday backed Ben Bernanke for a second four-year term running the Federal Reserve, the world's most powerful central bank, despite deep misgivings over his perceived policy missteps.
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Masks, hand sanitizer help halt flu spread

College students living in residency halls who wore the masks for a few hours a day and regularly used alcohol-based hand sanitizer cut their risk of coming down with flu-like illness by up to half, Dr. Allison E. Aiello of the University of Michigan in Ann Arbor and her colleagues found.
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Sales shutdown rocks Toyota, recall broadens

Toyota Motor Corp shut down sales of its best-selling vehicles on Wednesday under pressure from the Obama administration to address a product safety crisis that threatens its image in its largest market.
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GE profit tops Wall Street forecasts

General Electric Co posted quarterly earnings that topped Wall Street expectations as it kept costs in line despite sluggish demand for jet engines, railroad locomotives and other heavy equipment.
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Japan changes auto program after U.S. objects

Japan has changed its auto replacement incentive program to give U.S. cars more chance to qualify after the United States complained its automakers were shut out, the Japanese government said on Tuesday.
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Detroit auto show brings optimism and caution

U.S. automakers and officials at the Detroit auto show struck an optimistic yet cautious tone on Monday as they sought to put a toxic year of slumping sales and massive government aid behind.
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Detroit auto show brings optimism, caution

U.S. automakers and officials at the Detroit auto show struck an optimistic yet cautious tone on Monday as they sought to put a toxic year of slumping sales and massive government aid behind.

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