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Stocks slip...Toyota dethrones GM again...GM, Chrysler modes win awards

Monday - 1/14/2013, 11:40am  ET

NEW YORK (AP) -- Stocks are lower in early trading on Wall Street. Apple's stock is sliding after The Wall Street Journal reported that the company has cut its orders for iPhone 5 components due to weak demand.

DETROIT (AP) -- Toyota has once again dethroned General Motors as the world's top-selling automaker. Both companies saw higher sales last year, but Toyota's growth was far larger as it rolled out new versions of popular models like the Camry. The Japanese company sold 9.7 million cars and trucks worldwide in 2012, although it's still counting. GM sold 9.29 million.

DETROIT (AP) -- The two U.S.-based automakers that emerged from bankruptcy protection in 2009 have earned bragging rights for two new vehicles. General Motors' Cadillac ATS and Chrysler's Ram 1500 pickup have been named the 2013 North American Car and Truck/Utility of the Year. The winners were unveiled at the North American International Auto Show in Detroit.

CONCORD, N.H. (AP) -- The state of New Hampshire has launched its case against two major oil companies in what is expected to be the longest and most complex trial in state history. The state's lawyers say ExxonMobil and Citgo should pay $700 million in damages to monitor and clean up groundwater contamination caused by the gas additive MTBE, which is now banned in New Hampshire. The companies say they've cleaned up their own sites and that contamination elsewhere was caused by others.

NEW YORK (AP) -- Coca-Cola is joining the public discussion of obesity. Starting today, it's running a two-minute spot on CNN, Fox News and MSNBC in hopes of becoming a stronger voice in the debate over the impact of soft drinks on health. The ad lays out Coca-Cola's record of providing drinks with fewer calories over the years and notes that weight gain is the result of consuming too many calories of any kind, not just soda.

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