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Business News

  • Recaro recalls over 39,000 child safety seats
    19 August
    DETROIT (AP) - Recaro is recalling more than 39,000 child safety seats because they can let a child's head move too far in a crash. The recall covers ProSport model 385 seats made from June 16, 2010, to Jan. 31, 2013. The problem happens when…
  • Iceland warns of possible volcanic eruption
    18 August
    REYKJAVIK, Iceland (AP) - Iceland has raised its alert level for the risk of a possible volcanic eruption to orange -the second-most severe level. The warning comes amid swarms of earthquakes that have taken place since Saturday in Bardabunga - a subglacial stratovolcano located under…
  • Judge approves merger of Corcoran Gallery of Art
    18 August
    WASHINGTON (AP) - A District of Columbia judge has decided to approve a proposed merger of one of the nation's oldest museums with two larger institutions in Washington. The ruling Monday from Judge Robert Okun allows the Corcoran to merge the museum and its college…
  • Safety agency opens probe into fire truck recall
    18 August
    DETROIT (AP) - U.S. safety regulators are investigating whether a recall of 156 fire trucks last year was enough to fix a problem with aerial ladders that can unexpectedly fall. The probe covers trucks from the 2000 to 2012 model years made by Ohio-based Sutphen…
  • Dollar General enters bidding for Family Dollar
    18 August
    GOODLETTSVILLE, Tenn. (AP) - There's now a bidding war for Family Dollar, with Dollar General offering about $9.7 billion for the discounter in an effort to trump Dollar Tree's bid. Dollar General Corp. said Monday that it would pay $78.50 per share in cash, 3…
  • Key hearing for Chesapeake in land-leasing case
    18 August
    CHEBOYGAN, Mich. (AP) - A key court hearing is scheduled for Chesapeake Energy, which is charged with a scheme in which land in northern Michigan was leased to thwart competitors and then canceled when the competition ended. The Oklahoma City-based company faces a probable-cause hearing…
  • Wal-Mart cuts profit outlook
    14 August
    BENTONVILLE, Ark. (AP) - Wal-Mart Stores Inc. cut its annual profit outlook on Thursday amid sluggish sales, higher-than-expected health care costs and the need to invest more in its e-commerce operations. The world's largest retailer eked out a 0.6 percent increase in second-quarter profit, dragged…
  • Average US 30-year mortgage rate at 4.12 percent
    14 August
    WASHINGTON (AP) - Average long-term U.S. mortgage rates declined this week, approaching their lows for the year. Mortgage company Freddie Mac says the nationwide average for a 30-year loan slipped to 4.12 percent from 4.14 percent last week. The average for a 15-year mortgage, a…

Markets


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