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Toyota Corolla steering faces probe

U.S. regulators launched a preliminary investigation into reported steering problems on the Corolla sedan on Wednesday as Toyota Motor Corp faced questions from U.S. lawmakers on whether it had ignored red flags on safety before a wave of…

Stimulus saved US economy – Obama

President Barack Obama hailed Wednesday's one-year-old economic stimulus law as an accomplishment that staved off another Great Depression and kept up to 2 million people on the job. Still, with millions still out of work and losing…

Reader's Digest collapses in UK

The future of 72-year-old magazine Reader's Digest UK is under threat after the British edition collapsed into administration. Skip related content Embattled US parent Reader's Digest Association (RDA) said it was no longer able to support…

Warning of rising joblessness in UK

The Government has warned that further rises in unemployment were expected before the summer as figures showed those claiming jobseeker's allowance soared to the highest level since Labour came to power in 1997. The number of people…