Toyota vehicles’ risk over stuck accelerators lead to its largest ever vehicle recall in USWASHINGTON — The 911 call was from a frantic passenger, trapped with family members in a runaway vehicle barreling down a California highway with a stuck accelerator and no brakes. Recent rains cast unexpected dark cloud over some of Ky. burley tobacco cropLOUISVILLE, Ky. — Recent heavy rains in Kentucky have delivered a late-season setback to some tobacco farmers as their leaf ripens, dampening hopes for a bumper crop. ‘Bed in a Tree’ guide: Sleep in a seashell, wine barrel or prison cellNEW YORK — How would you like to sleep in a giant seashell, wine barrel, prison cell or castle? Xerox joins race to boost tech offerings with $6 billion deal for Affiliated Computer ServicesNEW YORK — Xerox Corp. said Monday it will buy Affiliated Computer Services Inc. for about $6.4 billion in cash and stock, joining the expensive race among technology companies to broaden their offerings. Moderate Democrats draft proposal that would shield major banks from tighter state regulationWASHINGTON — Moderate House Democrats are drafting a proposal that would continue to shield big banks from potentially tougher state regulations of credit cards, mortgages and savings accounts. Ben & Jerry’s, GE hope to bring more efficient propane-chilled freezers to US customersWASHINGTON — Think propane and butane are just for barbecuing? Think again: The common cooking fuels can also chill your drinks and ice cream with less energy and almost none of the global warming worries of current refrigerants. 1,400-pound bull escapes slaughterhouse, drags cops during 10-block run down NJ city streetsPATERSON, N.J. — Police say a 1,400-pound bull that escaped from a northern New Jersey slaughterhouse dragged officers with a lasso down a street and ran 10 blocks before being captured and sedated. Rubio’s Restaurants promotes exec to newly created post of chief operating officerCARLSBAD, Calif. — Rubio’s Restaurants Inc., operator of the Rubio’s Fresh Mexican Grill chain, said Monday it has promoted Marc Simon to the newly created position of chief operating officer. Analyst boosts HP price target, sees little effect from Xerox-ACS dealNEW YORK — Kaufman Bros. analyst Shaw Wu doesn’t think the combination of Xerox Corp. and Affiliated Computer Services Inc. will be much of a competitive threat against Hewlett-Packard Co. Xerox buying Affiliated Computer Services as printer company beefs up services businessNEW YORK — Xerox Corp. has agreed to buy Affiliated Computer Services Inc. for about $6.4 billion in cash and stock in a deal that will boost the size of its services business and take it another step away from its roots as a printer company. Nike Inc. first-quarter results, coming Tuesday, expected to showPORTLAND, Ore. — Nike Inc. is scheduled to report earnings for its fiscal first quarter on Tuesday after the market closes. The following is a summary of key developments and analyst opinion related to the period. Oil retreats again as supply glut outweighs strength in stock market, worries over jobsOil prices which had been rising since late last week paused Tuesday on a new report showing that consumers remain leery of job losses and also growing evidence that U.S. crude supplies have grown. APNewsBreak: CEO of defunct soft drink maker LeNature’s, 4 others charged in $806M fraudPITTSBURGH — The former chief executive and four other employees of defunct soft-drink maker Le-Nature’s Inc. have been indicted in what authorities say is an $806 million fraud. Nike’s first-quarter profit unchanged from a year ago even as worldwide revenue fellBEAVERTON, Ore. — Nike Inc. says its first-quarter profit was almost unchanged from a year ago as consumers around the globe continued to limit their spending. Goodyear says new contract provides $215M in savings over 4 yearsCLEVELAND — Goodyear Tire & Rubber Co. says a new national contract with the United Steelworkers union will save the company $215 million over the four-year life of the agreement. Clove and tobacco importer sues FDA seeking judgment preventing a ban on flavored ‘cigars’WASHINGTON — The top distributor of clove-flavored tobacco products in the U.S. is asking a federal court to decide whether its new filtered cigars fall under a new federal ban on flavored cigarettes. Nike’s 1st-qtr profit nearly unchanged from a year ago, even though worldwide revenue fellPORTLAND, Ore. — Nike Inc. said Tuesday that as consumers around the globe limited their spending its first-quarter profit was nearly unchanged from a year ago, but it beat expectations. Olive Garden-owner Darden says 1st-quarter profit rises 15 pct even as sales fallORLANDO, Fla. — Darden Restaurants Inc., owner of the Olive Garden and Red Lobster chains, said Tuesday that its first-quarter profit rose 15 percent even as sales fell because food costs were lower than expected. Kosher slaughterhouse executive pleads guilty to conspiring to make false statements to bankCEDAR RAPIDS, Iowa — The former chief financial officer for a kosher slaughterhouse in northeast Iowa has pleaded guilty to conspiring to make false statements to a bank. Arizonans with concealed weapons permits allowed to bring guns in bars starting WednesdayPHOENIX — Bartender Randy Shields was serving British brews and Arizona ambers as usual at Shady’s bar in east Phoenix when he saw a customer walk in with a hunting knife strapped to his hip. Starbucks releases Via instant coffee nationwide, stocks store shelves and other retailersCaffeine addicts nationwide got first tastes of Starbucks Corp.’s newest offering as the coffee giant blanketed the nation with tens of thousands of free samples of its instant coffee called Via. Private research group says consumer confidence retreats in September amid job worriesNEW YORK — Cconsumers’ confidence in the economy falls in September as Americans’ worries about job security offset any enthusiasm about the rally in the stock market. Communist China at 60: Each family in richest village has house and car awarded by communityHUAXI, China — Public loudspeakers in the central square blare the village anthem hourly: “If you want to see a miracle, come to Huaxi.” Not that any reminders are needed. Venezuelan official says nation exploring uranium deposits with RussiaPORLAMAR, Venezuela — Venezuela’s science and technology minister said his country is working with Russia to detect deposits of uranium but withdrew an earlier denial that the country was also working with Iran. Toyota to recall 3.8M vehicles over floor mats that could cause accelerator to get stuckWASHINGTON — Toyota says it will recall 3.8 million vehicles in the United States to address problems with a removable floor mat that could interfere with the vehicle’s accelerator and cause a crash. The company says it will be the largest U.S. recall in its history. Owners could learn about the safety campaign as early as next week. Toyota to recall 3.8M vehicles over floor mat problems, largest recall in company’s historyWASHINGTON — Toyota says it will recall 3.8 million vehicles in the United States to address problems with a removable floor mat that could interfere with the vehicle’s accelerator and cause a crash. Report: Kraft preparing to make hostile $17.45 billion bid for British candy maker CadburyKraft Foods Inc. is poised to launch a hostile bid for British candy maker Cadbury PLC, The Observer said Sunday, citing unnamed sources. AP Source: Chrysler to improve midsize cars, keep Mich. factory open until new model developedDETROIT — Chrysler will try to improve its slow-selling midsize cars and keep making them indefinitely at a Sterling Heights, Mich., assembly plant until it can design a replacement based on Fiat technology, a person briefed on the company’s business plan said Monday. Xerox buying Affiliated Computer Services, as printer company beefs up document mangement workNEW YORK — Xerox Corp. has agreed to buy Affiliated Computer Services Inc. for about $5.75 billion in cash and stock in a deal that will boost the size of its document management business and take it another step away from its roots as a printer company. Toyota risk over stuck accelerators lead to its largest ever vehicle recall in USWASHINGTON — Toyota Motor Corp. said Tuesday it will recall 3.8 million vehicles in the United States, the company’s largest-ever U.S. recall, to address problems with a removable floor mat that could cause accelerators to get stuck and lead to a crash. |
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