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Toyota Pays More Than $1bn Over Car Faults

A Billion Dollars

The Toyota car company has agreed to pay more than $1bn to settle claims that its cars could unintentionally accelerate out of control. A judge must approve Toyota's offer of $1.1bn (£683m), which was filed in a Californian court on Wednesday.



Barclays Sign

Barclays selects JPMorgan as new broker

Barclays has picked JPMorgan to replace Credit Suisse as a corporate broker amid a review of the bank’s performance by new Chairman John McFarlane. Deutsche Bank retained its advisory role.