Toyota Recalls More Than 1 Million Vehicles: Hot Trends
NEW YORK (TheStreet) -- Popular searches on the Internet include Toyota(TM) as the company said it will recall more than 1 million vehicles in the U.S. due to airbag and wiper problems.
Toyota said some airbags in its Corolla vehicles could deploy accidentally without warning, while the windshield wipers on some Lexus vehicles may not operate under a buildup of snow.
The recall for vehicles affected by the faulty airbag issue pertains to 752,000 Corolla and Corolla Matrix cars sold in 2003 and 2004. The windshield wiper issue pertains to about 270,000 Lexus IS models from the years 2006 to early 2012.
Toyota said there have been no reports of accidents or injuries due to the defects.
It is the third Toyota recall since October to involve more than 1 million vehicles.
YouTube is trending as the online video site is reportedly considering launching paid subscriptions.
According to a report by AdAge, which cites multiple people familiar with the plans, YouTube has already reached out a group of channels asking them to be among the first paid channels on the site. The subscriptions could start at $1 to $5 per month. Including advertisements could also be an option, meaning YouTube would stand to bring in more money not just from subscriptions but from ad revenue.
Boston Scientific (BSX) is another popular search. The medical device maker announced plans to cut up to another 1,000 jobs around the world.
The company has already cut more than 1,000 jobs over the past three years. In July 2011, the company announced plans to cut 1,200 to 1,300 jobs over two and a half years. Prior to that, in February 2010, Boston Scientific said it would eliminate 1,300 jobs.
The cuts are intended to save $100 million to $115 million in operating costs by the end of this year and streamline operations.
Boston Scientific has been struggling in recent years as sales have declined in the interventional cardiology and cardiac rhythm management markets and health care providers focus on keeping costs down. The company reported fourth-quarter earnings that fell 44% to $60 million, or 4 cents a share, including one-time charges. The results still beat analysts' expectations.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
-- Written by Brittany Umar.