Business | page 9


FRIDAY, JAN. 22, 2016

Gov’t: 10th air bag death linked to exploding Takata devices

WASHINGTON – A Ford pickup driver killed last month in South Carolina is the 9th person to die in the U.S. and the 10th worldwide because of defective Takata air-bag inflators that explode, firing off shrapnel-like shards, government safety officials said Friday, as they announced a new expansion of the largest auto safety recall in history. Based on the South Carolina accident and tests of a different kind of Takata inflator, an estimated 5 million additional vehicles with potentially defective air bags are being recalled, but that number could change because there may be some overlap with previous recalls, said Gordon Trowbridge, a National Highway Traffic Safety Administration spokesman.

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In this  2015 photo, an existing home for sale is shown in Roswell, Ga. (John Bazemore / Associated Press)

2015 U.S. home sales most in 9 years

WASHINGTON – U.S. home sales rebounded in December after new regulations had delayed the completion of purchases in November. And total sales in 2015 were the most in nine years. The National Association of Realtors said Friday that sales of existing homes climbed 14.7 percent last month to a seasonally adjusted annual rate of 5.46 million. Sales had previously plummeted as the industry adapted to new mortgage disclosure rules – a temporary downturn before delayed sales were finalized in December.

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THURSDAY, JAN. 21, 2016


A Pangoa Bowl is created at Freshii restaurant at a  Target store on Jan. 6, 2016, in Minneapolis.

Target stores test health-focused fare

MINNEAPOLIS – As she waited at a counter for her carrot apple ginger juice, Katy Hays shuddered when she recalled what she used to eat during her shopping trips to Target. “I got the pretzel with the nasty cheese and ...

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US stocks rise as energy stocks rally after big slump

NEW YORK – Stocks rose Thursday and recovered some of their steep losses from the day before. The price of oil also recovered from a big decline. That lifted energy companies, which have been struggling as energy prices tumble. European markets also rose on hopes the European Central Bank will do more to aid the region’s economy.

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Oil slump claims winners, losers

DALLAS – Lower fuel prices are boosting airline profits and leaving enough left over for passengers to get slightly lower fares. United Continental Holdings Inc. and Southwest Airlines Co. reported Thursday that fourth-quarter earnings soared as fuel spending dropped by about one-third, saving them hundreds of millions of dollars.

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Shkreli plans to plead the Fifth at congressional hearing

WASHINGTON – The lawyer representing Martin Shkreli, the former biotech executive charged with securities fraud, has asked that his client be excused from testifying at a congressional hearing next week since he plans to invoke the Fifth Amendment, according to ...

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Auto recalls last year break annual record set in 2014

DETROIT – Automobile recalls hit another record last year as stronger government enforcement and widening recalls of exploding air bags pushed the total above 51 million vehicles. The 2015 number barely beat the previous record set in 2014, after that ...

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Cornelio Bonilla pumps gas Nov. 25 at Best Food Mart gas station in Gainesville, Ga. (Kevin Liles / Fr170929 Ap)

Falling oil prices could lead consumers to spend more later

WASHINGTON – Sinking oil prices have cratered the stock market. But a silver lining could appear eventually. Cheaper gasoline and heating oil are giving consumers worldwide more money that they can use to step up spending later – and perhaps energize economies in the United States, Europe and much of Asia.

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In this Sept. 30, 2015, file photo, John Swanton, spokesman with the California Air Resources Board, explains how a 2013 Volkswagen Passat with a diesel engine is evaluated at the emissions test lab in El Monte, Calif. California air quality regulators earlier this month rejected Volkswagen’s recall plan to fix vehicles including the Beetle and Jetta that were programmed to trick government emissions tests.

2015 Auto recalls break annual record set in 2014

DETROIT – Automobile recalls hit another record last year as stronger government enforcement and widening recalls of exploding air bags pushed the total above 51 million vehicles. The 2015 number barely beat the old record set in 2014, after that ...

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