Chrysler recalls Jeep Wranglers, minivans Chrysler is recalling almost 600,000 minivans and Jeep Wranglers in the United States and another 100,000 elsewhere because of brake or wiring problems that could create safety problems, the company and federal regulators said. Chrysler said it is recalling 288,968 Jeep Wranglers from the 2006 through 2010 model years because of a potential brake-fluid leak. It also is recalling 284,831 Dodge Grand Caravan and Chrysler Town & Country minivans from the 2008 and 2009 model years because a wiring problem can cause a fire inside the sliding doors.
Panel accuses Goldman Sachs of stonewalling A panel probing the causes of the financial meltdown has issued a subpoena for documents from Goldman Sachs Group Inc., accusing the firm of stonewalling an investigation. The Financial Crisis Inquiry Commission said it had sent Goldman numerous requests for interviews with top Goldman executives, including CEO Lloyd Blankfein and Chief Financial Officer David Viniar. The panel chiefs said Goldman offered to schedule the interviews after receiving the subpoena Friday.
Marsh & McLennan to sell consultant Kroll Marsh & McLennan Cos. is selling its risk consulting subsidiary Kroll Inc. for $1.13 billion in cash to Altegrity Inc., bringing Kroll under private equity ownership. Kroll is a 3,000-employee subsidiary of Marsh & McLennan, the publicly traded owner of the insurance brokerage Marsh. Altegrity is owned by the private equity firm Providence Equity Partners. Kroll's risk consulting covers areas such as investigative, intelligence, financial, security and technology services. The technology services division, Kroll Ontrack, is based in Eden Prairie.
Google says its data collection broke no laws Google representatives said the search engine company has not broken any laws with the collection of data for its mapping service, after Connecticut's attorney general pressed the company to "come clean with the American public." Connecticut Attorney General Richard Blumenthal urged Google to reveal whether it had illegally collected data from wireless computer networks. Last month, Google acknowledged it had mistakenly collected data over public Wi-Fi networks in more than 30 countries during its Street View mapping project.
Bernanke says he's still hopeful on economy Federal Reserve Chairman Ben Bernanke said he's hopeful the economy will gain traction and not fall back into a "double dip" recession. "My best guess is we'll have a continued recovery, but it won't feel terrific," Bernanke said. That's because economic growth won't be robust enough to quickly drive down the unemployment rate, now at 9.7 percent, he said in remarks to the Woodrow Wilson International Center for Scholars, a nonpartisan research group. Asked when the Fed will start raising interest rates, Bernanke quipped, "In the future."
Gannett says it's seeing advertising improve Gannett Co., the biggest U.S. newspaper publisher, said its second-quarter earnings should hit the high end of Wall Street expectations as demand for advertising improves, especially on TV and online. Gannett Co. Chief Financial Officer Gracia Martore told financial analysts that the publishing segment will likely post another quarter of declining revenue compared with the same period of 2009, albeit a smaller decline than last year. She said publishing ad revenue, which provides more than 50 percent of Gannett's overall revenue, will be down in the "low to mid-single digits" on a percentage basis.
Delta starts nonstops to Osaka from Seattle Washington Gov. Chris Gregoire, Port of Seattle and other officials used mallets to break the lid on a barrel of sake in a ceremony at Sea-Tac Airport to celebrate Delta Air Lines' inaugural nonstop flight to Osaka, Japan. Along with the addition Friday of a nonstop route to Beijing, Delta says it is positioning Sea-Tac as a major West Coast gateway to Asia. Delta flies Boeing 767-300 aircraft on the new routes.
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