March 22, 2013 in Business

Honda says road salt, water may make Acura TSXs stall

From Wire Reports
 

TORRANCE, Calif. – Honda Motor Co.’s luxury Acura brand is recalling 76,000 TSX sedans in 22 cold-weather states because corrosion could cause them to stall.

TSX sedans from the 2004 through 2008 model years are included in the recall.

Acura says that in places where road salt is heavily used, salt and water can saturate the carpet under the dashboard that covers the vehicle’s electrical control unit. Salty water can corrode the metal case that houses the electrical unit. If that corrosion damages the wiring in the unit, the vehicle may stall.

Acura says no crashes or injuries related to the problem have been reported.

Acura will notify owners about the recall next month. The company will install a water-resistant cover over the electrical unit at no charge.

Viacom puts Sorrell, Norvill on directors board

NEW YORK – Viacom says it elected Italian journalist Cristiana Falcone Sorrell and Deborah Norville of “Inside Edition” to its board of directors.

Falcone Sorrell and Norville are both immediately joining the board, which increases to 13 members from 11.

Norville is the anchor of “Inside Edition” on CBS. Falcone Sorrell is an adviser to the chairman at the World Economic Forum on media and a member of the Italian National Press Guild.

Viacom Inc. owns the Paramount movie studio and TV networks including MTV, Comedy Central and Nickelodeon. The New York company separated from CBS Corp. in 2005.

Shippers admit to charges over dumping sludge, oil

NEWARK, N.J. – Two international shipping firms pleaded guilty Thursday to obstruction and other charges in connection with what the U.S. attorney’s office characterized as a pattern of falsifying records to hide the illegal dumping of engine sludge and oil-contaminated waste into the ocean.

The four ships in question docked in New Jersey, Delaware and California, but the criminal cases were consolidated in New Jersey.

The German firm Columbia Shipmanagement and Cyprus-based Columbia Shipmanagement Ltd. agreed to pay a combined $10.4 million penalty, U.S. Attorney Paul Fishman said. Of that, $2.6 million will go to addressing environmental damage caused by Superstorm Sandy in New Jersey and Delaware.

The two companies also will be placed on probation for four years. They are affiliates owned by the same holding company, Fishman said.

According to the U.S. attorney’s office, whistleblowers played key roles in the various investigations.

China plays leading role in jump in movie ticket sales

LOS ANGELES – Global movie ticket sales rose 6 percent in 2012 to a record $34.7 billion thanks to the growing popularity of movies in Asia and higher attendance by diehard fans in the U.S. and Canada.

According to the Motion Picture Association of America, China overtook Japan as the biggest market outside the U.S. and Canada combined, with sales there growing 36 percent to $2.7 billion.

As a whole, the Asian box office grew 15 percent to $10.4 billion, while in Europe, Middle East and Africa, ticket sales fell 1 percent to $10.7 billion. Latin American revenue rose 6 percent to $2.8 billion.

In the U.S. and Canada, sales rose 6 percent to $10.8 billion, driven higher primarily by moviegoers who attend once a month or more.

Those super fans represent only 13 percent of the population but bought 57 percent of all movie tickets, an increase of 7 percentage points from a year ago. Super fans grew as a share of the population by 2 percentage points.


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