Business news

Steering problems cue Toyota recall


TOKYO — Toyota Motor Corp. said Wednesday that it is recalling about 550,000 vehicles worldwide – mostly in the United States – for problems that could make them harder to steer.

The recall affects 447,000 vehicles in North America, 38,000 in Japan and another 25,000 in Australia and New Zealand.

In Europe, some 14,000 vehicles are being recalled, along with 10,000 in the Middle East and 14,000 in parts of Asia outside Japan.

Toyota has received a total of 79 reports about the defect dating back to 2007. There have been no reports of accidents or injuries related to the problems, a spokesman said.

Home prices drop steeply in summer

WASHINGTON — Home prices dropped in nearly three-quarters of U.S. cities over the summer, dragged down by a decline in buyer interest and a high number of foreclosures.

The National Associ­ation of Realtors said Wednes­day that the median price for previously occupied homes fell in the July-September period in 111 out of 150 metropolitan areas tracked by the group. Prices are compared with the same quarter from the previous year.

Fourteen cities had double-digit declines.

The median price in Mobile, Ala., dropped 17.7 percent, the largest of all declines.

Phoenix; Allentown, Pa.; Atlanta; Las Vegas and Miami also experienced steep declines.

In other news

ADOBE SYSTEMS INC. is pulling its Flash software for Web video and games from the browsers of mobile devices, though Flash will still work on mobile apps and on the Web browsers of regular computers.

The move is a win for Apple Inc., which has famously banned Flash from working on the iPhone and the iPad.

– From wire reports



Sat, 11/18/2017 - 00:24

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Fri, 11/17/2017 - 23:44

Rants and raves