Obama moves to scrap some rules

Obama moves to scrap some rules

WASHINGTON

The Obama administration disclosed plans Tuesday to cut or roll back hundreds of federal regulations, including some that will streamline tax forms at the Internal Revenue Service, let railroad companies pass on installing expensive new technology, and speed up the visa process for low-risk visitors to the U.S.

The administration said the regulations will save businesses up to $10 billion over the next five years and spur job growth in the private sector.

New Toyota Camry

DEARBORN, Mich.

The Toyota Camry has been the best-selling car in America for nearly 15 years, its reputation for reliability keeping it on top even when the carmaker was hurt by major safety recalls.

But its lead has shrunk dramatically. Feeling the pressure, Toyota unveiled the 2012 Camry on Tuesday, its first redesign of the sedan in five years. Though Toyota hopes to create buzz by lowering the Camry’s price, improving its fuel economy and adding new features, it may not be enough to keep the Camry No. 1 in the increasingly competitive market for midsize sedans.

Toyota showed off the new Camry on the Web and at events in California and elsewhere. It has given the car a sharper, more pointed hood, a quieter and roomier interior and more trunk space. It’s also offering Entune, a system that lets drivers access Internet services such as Pandora from their mobile phones using voice commands or an in-dash touch screen.

Associated Press