Business

5:36pm

Mon March 31, 2014
Shots - Health News

British Drugmaker Funds Research On Chronic Disease In Africa

Originally published on Tue April 1, 2014 3:31 pm

Andrew Witty, CEO of GlaxoSmithKline, says that better control of infectious diseases in Africa is allowing chronic diseases to come to the surface.
Mark Lennihan AP

One of the world's largest drugmakers says it will invest more than $200 million in Africa over the next five years in a push for better treatment of noncommunicable diseases there.

GlaxoSmithKline said the funding would be focused on sub-Saharan Africa, where the company already employs about 1,500 people and operates three factories. The money would go toward building five more factories and funding of research and development focused on the region.

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4:33pm

Mon March 31, 2014
Business

Timeline: A History Of GM's Ignition Switch Defect

Originally published on Thu April 3, 2014 7:08 pm

Consulting materials engineer Mark Hood shows the ignition assembly that has a faulty ignition switch (black piece at left), in the mechanical testing laboratory at McSwain Engineering Inc. in Pensacola, Fla. The firm helped to conduct the engineering investigations and failure analysis that resulted in the GM recall.
Michael Spooneybarger Reuters/Landov

In February, General Motors issued sweeping recalls for several models suspected of having a faulty switch that automatically turns the car's engine off and prevents air bags from deploying — while the car is in motion. More than 2.6 million cars have been recalled so far.

At the core of the problem is a part in the vehicle's ignition switch that is 1.6 millimeters less "springy" than it should be. Because this part produces weaker tension, ignition keys in the cars may turn off the engine if shaken just the right way.

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2:37pm

Mon March 31, 2014
The Two-Way

Feds Will Require Rearview Cameras On Vehicles In 2018

Originally published on Mon March 31, 2014 3:39 pm

The 2009 Ford Flex vehicle showing the rear-camera view.
Andy Cross Denver Post via Getty Images

The National Highway Traffic Safety Administration will require all new vehicles — from small subcompacts to commercial vans — to have "rear visibility technology" beginning in May 2018.

The new rule essentially mandates that all vehicles be equipped with a rearview camera.

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12:56pm

Mon March 31, 2014
The Two-Way

Stocks Rise After Fed's Yellen Says Economy's Not So Hot

Originally published on Mon March 31, 2014 2:01 pm

Federal Reserve Chair Janet Yellen speaking Monday in Chicago.
John Gress Reuters/Landov

Just under two weeks ago, Federal Reserve Chair Janet Yellen emerged from her first meeting as head of the central bank's policymaking committee to talk to reporters.

Stocks fell.

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7:02am

Mon March 31, 2014
Business

Hobart 'Hobie' Alter Introduced Surfing To The Masses

Originally published on Mon March 31, 2014 7:55 am

Hobie Alter, who was considered the Henry Ford of surfboards, has died at age 80. He used foam to make surfboards that traditionally had been created from balsa wood.

6:47am

Mon March 31, 2014
Business

Japan's Industrial Output Falls 2.3 Percent

Originally published on Mon March 31, 2014 7:55 am

Factories were apparently bracing for the fact that the country's sales tax went up Monday for the first time in 17 years — from 5 percent to 8 percent.

6:21am

Mon March 31, 2014
Business

New GM CEO To Face Congressional Panels Over Delayed Recall

Originally published on Mon March 31, 2014 7:55 am

Transcript

STEVE INSKEEP, HOST:

General Motors' CEO Mary Barra takes questions in Washington this week. She'll be asked about a defective ignition switch linked to at least 13 deaths and 30 injuries. General Motors has known about it since at least 2004, but only ordered a recall last month.

DAVID GREENE, HOST:

The House subcommittee examining the matter said on Sunday that the National Highway Traffic Safety Administration also knew about the issue and failed to investigate. The agency says there wasn't enough data to do so.

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6:15am

Mon March 31, 2014
Business

David Crisp To Be Sentenced In Massive Mortgage Fraud Case

Originally published on Mon March 31, 2014 7:55 am

Steve Inskeep talks to Gary Silverman of the Financial Times about a real estate fraud scheme that helped make Bakersfield, Calif., one of the home foreclosure capitals of the country.

6:11am

Mon March 31, 2014
Business

Apple And Samsung Face Off In Court Again Over Patents

Originally published on Mon March 31, 2014 7:55 am

Each company claims the other one has swiped its patents. This time Apple is going after patents in the Android operating system that run Samsung's Galaxy S3.

5:21am

Mon March 31, 2014
Around the Nation

Legal Action Initiated Over Malaysian Flight's Disappearance

Originally published on Mon March 31, 2014 7:55 am

A Chicago law firm is taking the first legal action against Malaysian Airlines and Boeing, the maker of the 777 that disappeared over the Indian Ocean, on behalf of the families of the passengers.

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