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Toyota recalls 247,000 vehicles in U.S. over Takata air bag issue

Toyota Motor Corp (7203.T) recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because they are equipped with potentially defective front passenger air bag inflators from Japan's Takata Corp (7312.T) that can rupture and spray metal shrapnel, according to U.S. safety regulators.

Oct 20, 2014 10:59 AM EDT


Dollar edges higher on strong U.S. consumer sentiment data

The U.S. dollar edged higher against a basket of major currencies on Friday after strong data on U.S. consumer sentiment calmed nerves after a week of severe market volatility.

Oct 17, 2014 11:58 AM EDT


Russia and Ukraine reach tentative gas deal in tough Milan talks

Russia and Ukraine made progress on Friday towards resolving a row over gas supplies, but European leaders said Moscow had to do much more to prop up a fragile ceasefire and end fighting in eastern Ukraine.

Oct 17, 2014 11:45 AM EDT


U.S. housing recovery rolls on as groundbreaking rises

U.S. housing starts and permits rose in September, a signal the market's modest recovery is supporting what appears to be growing strength in the broader economy.

Oct 17, 2014 11:41 AM EDT


Exclusive: Indonesia's new president plans steep fuel price rises next month

Indonesia's President-elect Joko Widodo plans to raise subsidised gasoline and diesel prices by around 50 percent next month in a bid to bring down the budget deficit in Southeast Asia's largest economy, an adviser told Reuters on Friday.

Oct 17, 2014 11:34 AM EDT


GE profit tops views as cost cuts drive margins; shares up

General Electric Co (GE.N) reported a slightly higher-than-expected quarterly profit on Friday, with cost cuts that helped boost margins across its industrial businesses offsetting revenue that missed analysts' targets.

Oct 17, 2014 11:29 AM EDT


Wind blows away fossil power in the Nordics, the Baltics next

Wind power is blowing gas and coal-fired turbines out of business in the Nordic countries, and the effects will be felt across the Baltic region as the renewable glut erodes utility margins for thermal power stations.

Oct 17, 2014 11:22 AM EDT


Wall Street climbs at open on solid earnings

U.S. stocks were higher at the open on Friday, following a batch of solid earnings reports that eased concerns about the impact of weak global demand on U.S. growth and businesses.

Oct 17, 2014 11:15 AM EDT


Volkswagen to recall over 580,000 cars in China: government

Volkswagen AG told China's quality watchdog that it planned to recall more than 580,000 cars in the country, after the agency launched an investigation in August.

Oct 17, 2014 11:08 AM EDT


Dollar recovers broadly on favorable U.S. monetary policy view

The U.S. dollar recovered against a basket of major currencies on Thursday on the view that Wednesday's selloff was overdone given the relative strength of the U.S. economy and the Federal Reserve's commitment to tightening U.S. monetary policy.

Oct 16, 2014 12:10 PM EDT


Goldman's focus on bond trading pays off as profit soars

Goldman Sachs Group Inc (GS.N) reported a 50 percent jump in quarterly profit as last month's pickup in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards.

Oct 16, 2014 12:06 PM EDT


Lockheed says makes breakthrough on fusion energy project

Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready for use in a decade.

Oct 16, 2014 12:01 PM EDT