Stocks dip…More airbag recalls…National Enquirer defends its actions in Bezos stories
NEW YORK (AP) – U.S. stock indexes have joined a worldwide drift lower as concerns remain high about global trade and the strength of the economy. The S&P 500 is on pace to close out its second down week in the last three. Goodyear Tire & Rubber plunged 9 percent after reporting weaker-than-expected profit for the latest quarter, citing weakness in China. But Mattel surged 23 percent after reporting a bigger-than-expected profit for its latest quarter.
NEW YORK (AP) – Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace potentially deadly air bag inflators made by Takata Corp. of Japan. The moves announced today by the U.S. government are part of the largest series of automotive recalls in U.S. history. About 10 million inflators are being recalled in the U.S. this year, with as many as 70 million to be recalled by the time the whole mess ends late next year. Ford, Honda, Toyota, and Fiat Chrysler already released their 2019 Takata recalls, totaling more than 5 million vehicles.
LOS ANGELES (AP) – The publisher of the National Enquirer says it will investigate Amazon CEO Jeff Bezos’ allegation that it threatened to publish revealing personal photos of him unless he stopped investigating how the tabloid obtained his private exchanges with his mistress. But American Media Inc. says in a statement that it “acted lawfully” while reporting the story. The Enquirer published a story last month that included lurid texts between Bezos and former TV anchor Lauren Sanchez. Since then, private investigators have been looking into how the Enquirer got the texts.
LONDON (AP) – Instagram has agreed to ban graphic images of self-harm after objections were raised in Britain following the suicide of a teen whose father said the photo-sharing platform had contributed to her decision to take her own life. Instagram chief Adam Mosseri says the platform is making a series of changes to its content rules. The company is also removing non-graphic images of self-harm from searches.
SAN FRANCISCO (AP) – The National Transportation Safety Board will investigate a natural gas explosion on a San Francisco street that sent flames into the air, damaging five buildings and sending panicked residents into the streets. The NTSB says an eight-person team arrived at the scene last night to collect evidence and try to pin down what happened. City fire officials say a crew digging on a street to install fiber-optic wires in the city’s Richmond neighborhood cut a natural gas line Wednesday.