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Business

Exploding Airbags: Gov't Issues Warnings

CORPORATE | Thursday Oct 23, 2014
Dangerous airbags in more than 11 million cars are under recall after it was found that the airbags can explode, sending metal shrapnel into drivers and passengers. Jeff Glor reports.

Gov't Auto-Safety Website Leaving Drivers in the Dark

LEGAL | Oct 23
The National Highway Traffic Safety Administration urged car owners to have exploding airbags immediately removed from their vehicles, the agency's website provided little information about the problem.

Top Mortgage Firm Accused of Abuses

LEGAL | By Alex Veiga | Oct 23
One of the nation's largest servicers of home loans may have denied struggling borrowers the chance to fix loan problems and avoid foreclosures, New York's financial regulator has alleged.

Google's Streaming Music Service Adds Mood to Mix

CORPORATE | By Michael Liedtke | Oct 23
Google's music-subscription service will try to anticipate its listeners' mood swings as it amplifies its competition with Pandora, Spotify and other popular services that play tunes over the Internet.

Verizon Reports Higher 3Q Net Income, Revenue

CORPORATE | Oct 23
Verizon Communications Inc. reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

New Gloss on Cuba's Classic Cars

CORPORATE | Oct 22
When Martin Viera's Chevrolet rolled out of the dealer's lot, Harry Truman was president of the United States, gasoline cost 27 cents a gallon and a 24-year-old lefty named Tommy Lasorda was pitching for Almendares in the Cuban winter baseball league.

New Rules Adopted in Hopes of Spurring Home Loans

FINANCE | By Marcy Gordon | Oct 22
Buying a home may have gotten a little easier this week. With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules.

Staples Investigating Possible Data Breach

CORPORATE | Oct 22
Staples is looking into a potential credit card data breach and has been in touch with law enforcement officials about the issue.

Court Justice Suspended Over Role in Porn Scandal

LEGAL | By Mark Scolforo | Oct 22
The Pennsylvania Supreme Court on Monday suspended one of its members over his participation in a state government pornographic email scandal that involved employees of the attorney general's office.

Apple Pay Q&A: What You Need to Know

FINANCE | By Anick Jesdanun | Oct 21
Apple's mobile payment system, Apple Pay, made its debut Monday. Now you can flash your new iPhone in the checkout line to pay for food, clothing and other goods. There's no need to pull out your credit card.

At A Glance: The Cost of Cable vs. a la Carte

CORPORATE | Oct 21
Is a la carte streaming a better deal? Combining current streaming services including Netflix, Hulu, CBS All Access and the expected price of HBO's service, which starts next year, would run you about half of the average price of monthly cable.