Camry does poorly in new crash test
DETROIT - The Toyota Camry, the best-selling car in the U.S., performed poorly this year in a new crash test and failed to get the best safety rating from an insurance industry group.
The Insurance Institute for Highway Safety gave the Camry a "Poor" rating on a test that measures how well people are protected when the front corner of a car hits another car or an object.
The Camry still did well on the institute's other four tests and earned a "Top Safety Pick" designation.
GM pickups face recall for hoods
DETROIT - General Motors is recalling nearly 119,000 pickup trucks in the U.S. because the hoods can fly open unexpectedly and block the driver's vision.
The recall affects Chevrolet Colorado and GMC Canyon midsize trucks from the 2010 through 2012 model years.
Owners will have the option of checking the hoods for a secondary latch or taking it to a dealer. If there's no secondary latch, GM will replace the hoods free of charge.
Millionaires taxed at 75% in France
PARIS - France's parliament has passed a contentious budget for next year that includes a raft of new taxes aimed at slashing the country's deficit and putting it on the path to economic recovery.
Socialist President Francois Hollande's budget aims to cut $40 billion, with two-thirds of that coming in tax hikes, including a 75 percent levy on incomes of more than $1.3 million.
But it was the increase in taxes on profits from investments that raised the most hackles in France, touching off a Twitter revolution of entrepreneurs who accused the government of punishing those who take risks.