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...Wall Street firms. In December, Morgan Stanley hired former Merrill president Gregory Fleming to head the firm's investment-management division. Another top former Merrill executive, Bob McCann, was picked to run the wealth-management division of Swiss bank UBS, which has more than 8,000 brokers. (See the best business deals...
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...conducts a third evaluation after William B. Jeffers III, another Camry owner, petitions the administration to investigate the multiple "engine surging" incidents that he has experienced. The NHTSA fails to identify any problems after reviewing the complaint and road-testing the petitioner's vehicle. It cites the need to best allocate limited administration resources as the reason for denying the petition...
August 2009: An off-duty highway patrolman and his family are killed when they rent a Lexus ES350 and have a runaway crash. The NHTSA and the California Highway Patrol investigate the incident and believe the floor mat snagged the pedal, causing the uncontrollable acceleration. (See pictures of the best-selling cars in China...
...NHTSA meets with Toyota in Washington to discuss the sticking-pedal business, and Toyota calls the administration later that day to announce its plans for a wider recall. (See the 50 best inventions...