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Toyota recalls more cars for dangerous Takata air bags

TOKYO - Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.

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Indonesia's Lion Group buying ATR planes worth $1 billion in Asia expansion

SINGAPORE - Indonesia's Lion Group is buying an additional 40 aircraft from ATR for $1 billion at list prices, the companies said, in a move that will make Lion the biggest customer of the European manufacturer.

U.S. consumer, business spending data point to slowing growth

WASHINGTON - U.S. consumer spending rose modestly in October and a measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.

26 Nov 2014

Yellen's 'optimal' model calls for rate hike this year, in theory

WASHINGTON - Federal Reserve Chair Janet Yellen has said the tenor of economic data will decide when the U.S. central bank raises interest rates. Surprisingly, a data analysis based on Yellen's own priorities points to a rate increase by the end of this year.

26 Nov 2014

Behind Google's Europe woes, American accents

BRUSSELS - When EU politicians call for the break-up of Google, it can sound like sour grapes, the anti-American backlash of an aging Europe envious, and fearful, of the wealth and growing power of young U.S. tech giants.

Tech, Media 26 Nov 2014

Nigeria's parliament says Shell should pay $4 billion for 2011 oil spill

ABUJA - Nigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment.

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