Tinkering with success can be a dangerous thing. A redesigned version of the Toyota Camry, America's best-selling car for the past nine years, is going on sale in the U.S.
Toyota recently lost market share and has suffered through bad PR due to recalls, in addition to dealing with the continuing aftereffects of the Japan earthquake. Toyota executives are betting on the new Camry to jump-start the company's future.
One of the hottest stories this morning is word that, as The Associated Press puts it, "mortgage giant Fannie Mae knew about allegations of improper foreclosure practices by law firms in 2003 but did not act to stop them, a government watchdog says."
There's been a deadly bombing today in the capital of Somalia.
"Islamist militants detonated a truck bomb Tuesday in front of the Ministry of Education in Mogadishu, killing at least 70 people, wounding dozens and shattering a relative calm that had prevailed ... for weeks," The Associated Press reports.
Originally published on Tue October 4, 2011 6:06 am
"Ford Motor Co. and the United Auto Workers have come to terms on a new four-year contract that trades annual pay raises for profit sharing and a signing bonus and promises thousands of new jobs building cars and trucks," The Associated Press writes.