Business Minute: Microsoft Stock Soars, Toyota Settles & Stocks Up

Published 03/19 2014 09:48AM

Updated 03/19 2014 10:25AM

Time now for your Business Minute on this Wednesday.

TOYOTA SETTLING

Toyota reportedly has agreed to settle a federal investigation of the automaker's handling of complaints about unintended acceleration. The Justice Department could announce the billion dollar agreement as early as today. Under the settlement, Toyota is expected to pay about $1-billion and will avoid criminal charges.

Toyota recalled millions of cars in 2009 and 2010 after doing little about complaints of acceleration problems for years.

MALL OF AMERICA X2

The nation's largest mall is about to get a whole lot bigger. Twin Cities leaders broke ground today on a project that'll nearly double the size of the Mall of America. The mall is located outside Minneapolis. This expansion will include additional high-end retailers, new restaurants and a 14-story hotel. The retail portion is expected to be finished by August 2015.

MICROSOFT & IPADS

Shares of Microsoft hit a 14-year high Tuesday on expectations the company may soon unveil its office software for Apple's iPad. Shares surged more than four-percent to their highest price since March 2000.    Microsoft is widely expected to announce office for the iPad during a March 27th press conference.

STOCKS UP 2 DAYS IN A ROW

The Dow Jones up for a second day in a row, gaining 89 points Tuesday. The Nasdaq had a big day of it's own, up a whopping 53 points. And the S&P 500 closed the day Tuesday up 13 points.

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