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US files charge against Toyota, $1.2B penalty

WASHINGTON (AP) — The U.S. government announced a $1.2 billion settlement with Toyota Motor Corp. on Wednesday and filed a criminal charge alleging the company defrauded consumers by issuing misleading statements about safety issues in Toyota and Lexus vehicles. The penalty is the largest of its kind ever imposed on an auto company, the Justice Department said.

Last Updated on Wednesday, 19 March 2014

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Fed clarifies guidance on short-term rates

WASHINGTON (AP) — The Federal Reserve is seeking to clarify when it might start to raise short-term interest rates from record lows.

Last Updated on Wednesday, 19 March 2014

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Malaysian plane mystery bewilders, frustrates

Solving the mystery of the missing Malaysian plane is proving to be as easy as cracking a homicide without a body.

Or a witness.

Or a motive.

Last Updated on Wednesday, 19 March 2014

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Ukraine making plans to pull troops from Crimea

 

KIEV, Ukraine (AP) — Ukraine's government said Wednesday it has begun drawing up plans to pull its troops from Crimea, where Russia is steadily taking formal control as its armed forces seize military installations across the disputed peninsula.

Last Updated on Wednesday, 19 March 2014

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Malaysia: Files were deleted from flight simulator

KUALA LUMPUR, Malaysia (AP) — Investigators are trying to restore files deleted last month from the home flight simulator of the pilot aboard the missing Malaysian plane to see if they shed any light on the disappearance, Malaysia's defense minister said Wednesday.

Last Updated on Wednesday, 19 March 2014

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Yellen to enter spotlight as new leader of Fed

WASHINGTON (AP) — Investors will be watching closely Wednesday for any hints of how a Janet Yellen-led Federal Reserve might differ from the path set by her predecessor, Ben Bernanke.

Last Updated on Wednesday, 19 March 2014

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Ukraine officials denied Crimea entry; base taken

SEVASTOPOL, Crimea (AP) — Authorities in Crimea denied entry to Ukraine's defense minister and another official Wednesday when they tried to travel to the peninsula to defuse tensions, a Russian news agency reported, as militiamen stormed the Ukrainian navy's headquarters and took it over.

Last Updated on Wednesday, 19 March 2014

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London 'draining life' from rest of UK economy

LONDON (AP) — There's London. And then there's the rest of the country.

Last Updated on Wednesday, 19 March 2014

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