General Motors Corp. recalled 1.23 million vehicles, lifting U.S. recalls by all automakers this year to almost 25 million, a record. GM's recall included 871,473 Chevrolet TrailBlazers, GMC Envoys and similar vehicles and 256,025 Chevrolet Cavaliers and Pontiac Sunfires from the 2003 model year for separate tail light problems, the National Highway Traffic Safety Administration said.
Motorola Inc., the world's second biggest maker of cell phones, said it has agreed to acquire Crisnet Inc., a privately held software firm that develops record-keeping systems for law enforcement, justice and public safety agencies.
Lockheed Martin Corp., the largest U.S. defense contractor, received approval from the U.S. Department of Defense to move forward with development of the Joint Strike Fighter.
Federal prosecutors have issued subpoenas to The New York Times, the New York Post and the Daily News as part of a newspaper circulation probe stemming from a scandal at Newsday.