Toyota Goes to Court, Vodafone Uninterested in Telecom Italia Unit, and 2 More Hot Stocks
Toyota Motor Corp. (NYSE:TM): Toyota will go to trial in federal court over a lawsuit that blamed a Camry driver’s accident and injuries on design defects in the car that caused it to accelerate unexpectedly. The judge did not dismiss a design defect claim and another claim that Toyota failed to warn the Camry driver about known dangers with the car, but did grant the carmaker’s request to throw out manufacturing defect and negligence claims, Automotive News reports.
Vodafone PLC (NASDAQ:VOD): Vodafone is reportedly uninterested in buying Telecom Italia’s (NYSE:TI) TIM Participacoes Brazilian unit, despite having $130 billion to throw around after the buyout of its share of Verizon Wireless is executed. Telecom Italia’s recent troubles have spurred speculation that it will put TIM up for sale, though it’s apparently not the type of acquisition that Vodafone is looking to make.
Xerox Corp. (NYSE:XRX): Xerox shares are trading lower after the company revealed that the Securities and Exchange Commission is investigating accounting practices at its Affiliated Computer Services unit. A number of employees have received Wells notices from the SEC in connection to the matter, Xerox says.
Nuance Communications (NASDAQ:NUAN): Carl Icahn has taken to Twitter to show his support for Nuance. ”Happy to have reached an agreement with Nuance Communications where Dave Schechter and Brett Icahn will join the board of directors,” he tweeted, adding that “I’m optimistic their impact at NUAN will be similar to HAIN, where stock went from $20.20 to $79.56 over the 3 years they sat on the board.”