After careening from back-to-back crises — recalls and the tsunami — Toyota is No. 1 in worldwide sales again. Toyota says it sold at least 9.7 million vehicles in 2012. General Motors reports it sold 9.3 million. Both companies say it doesn't really matter which one is in the top spot.
Superstorm Sandy devastated the mostly below ground electric system that runs through the heart of Manhattan. What happens if Sandy is part of a new weather pattern? Con Edison, the utility that provides power to much of New York's five boroughs, is looking for ways to protect its aging infrastructure.
The deal is valued at close to $1 billion. Harry Winston is a symbol of luxury. It regularly loans out its diamond studded creations to stars for their walk down the red carpet. Swatch may be best known for its colorful plastic watches.
Banking regulators are telling JPMorgan Chase that it must take action to improve its risk analysis and money-laundering controls. The bank racked up a $6 billion trading loss last year. CEO Jamie Dimon cited managerial lapses and called the loss inexcusable.
Having success in TV, movies and Broadway, Trey Parker and Matt Stone are now branching out with their own $300 million production company. They've named it Important Studios, and it's poised to approve TV, movie and theater projects.
At a White House news conference Monday, President Obama compared lawmakers who refuse to raise the debt limit to deadbeat diners who gorge themselves at a pricey restaurant, then try to skip out without paying the bill. Congressional Republicans quickly rejected the president's argument. They hope to use the debt ceiling fight to put the government on a spending diet.
General Motors unveiled the new 2014 Chevy Corvette at the Detroit Auto Show, reviving the long-dormant Stingray name. But with sales of the current Corvette struggling, the company's challenge is to find new customers both now and in 10 years.
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