The news at a glance

Toyota: Recall tarnishes a golden reputation; Retailing: A bargain-conscious Black Friday; Automobiles: Saab deal goes south; Insurance: AIG and Greenberg bury the hatchet; Media: GE moves closer to selling NBC

Toyota: Recall tarnishes a golden reputation

Toyota Motor said last week it would replace the accelerator pedals on 4 million Toyota and Lexus models because they could cause sudden, unintended accelerations, said Greg Gardner in the Detroit Free Press. Runaway accelerations have “allegedly caused more than a dozen fatalities and resulted in more than 100 formal complaints” to federal regulators. Toyota will shorten the pedals and install new brakes on many of the recalled vehicles. The company is also recalling 110,000 Tundra pick-ups to treat undercarriage rust.

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