Business Law News


Toyota recalls 437,000 Priuses, hybrids globally
By YURI KAGEYAMA AP Business Writer TOKYO (AP) - Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems - the latest in a string of embarrassing safety lapses at the world's largest automaker.

Opel to unveil restructuring plan
FRANKFURT (AP) - General Motors Co.'s Opel unit plans to detail its restructuring plan for the European automaker on Tuesday. The company says Chief Executive Nick Reilly will present his plan for its future in Frankfurt.

Officials ask Anthem to justify rate hike in Calif
By SHAYA TAYEFE MOHAJER Associated Press Writer LOS ANGELES (AP) - Over the past 12 years, Josh Libresco's health insurance premium has increased almost eight-fold for his family of four.

NYC developer charged with stealing from investors
NEW YORK (AP) - A real estate developer who once claimed to own $2.7 billion dollars worth of New York skyscrapers has been charged with stealing millions of dollars from investors. Adam Hochfelder pleaded not guilty Monday to grand larceny, identity theft and scheming to defraud. He's free on $1 million bail.

Japan Airlines rejects Delta, stays with American
By TOMOKO A. HOSAKA and HARRY R. WEBER Associated Press Writers TOKYO (AP) - Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines.


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