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Settlement reached in Toyota acceleration cases

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In this Aug. 2, 2011 file photo, the Toyota Motor Corp. logo is seen on a tire wheel of an Avensis sedan at Toyota's Tokyo headquarters. Japanese automaker Toyota said Thursday, August 2, 2012,  it was recalling 600,000 vehicles in Europe to check for loose nuts in the rear wheel area, following a similar recall in the United States.  AP PHOTO/SHIZUO KAMBAYASHI

Toyota Motor Corp. says it has reached a settlement worth more than $1 billion in a case involving unintended acceleration problems in its vehicles.

Posted: December 27th, 2012 in Latest Business Stories | Read More »

LA City Council votes to ban marijuana shops

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Pedestrians walk past a medical marijuana dispensary in the Echo Park area of Los Angeles Tuesday, July 24, 2012. The Los Angeles City Council on Tuesday July 24, 2012, voted to ban marijuana shops outright until it has clearer guidance from the state's highest court, after being unable to rein in the hundreds of medical marijuana dispensaries that have cropped up across the nation's second largest city. (AP Photo/Damian Dovarganes)

Unable to rein in hundreds of medical pot shops that blossomed around the second-biggest U.S. city, lawmakers voted Tuesday to ban them until the state’s highest court weighs in.

Posted: July 25th, 2012 in Latest Business Stories,Science and Health | Read More »

Judge to deny dismissal of Toyota suits

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SANTA ANA, California—A federal judge said Friday that he will deny another request from Toyota Motor Corp. to dismiss lawsuits filed by car owners who claim sudden-acceleration defects caused the value of their vehicles to drop. US District Judge James Selna in Santa Ana said in a 30-page ruling that the lawsuits have enough merit […]

Posted: April 30th, 2011 in Latest Business Stories | Read More »

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