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Business

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    Today • National Association of Realtors reports existing home sales for August Wednesday • Commerce
  • Avon quits trade group over bylaws
    Avon Products is leaving the trade association it helped found more than a century ago, writing in a letter to other member companies this month that the group's bylaws might not adequately protect consumers from fraud.
  • Stockings full of bargains
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Briefs

FAA clears Boeing 787 for service

Federal officials intend to lift the order grounding the beleaguered 787 Dreamliner after accepting Boeing’s revamped battery system even though the root cause of battery failures that led to a fire on one plane and smoke on another remains unknown.

The Federal Aviation Administration said Friday it would send airlines instructions and publish a notice next week lifting the three-month-old grounding order that day. Boeing will then have the go-ahead to begin retrofitting planes with an enhanced lithium ion battery system.

Dreamliner flights could resume within a week, the agency told members of Congress. Boeing said it has stationed teams around the world to begin installing the fix.

US green-lights brewery takeover

Anheuser-Busch InBev has reached a final agreement with the U.S. Department of Justice that could settle a dispute over its $20.1 billion acquisition of the Mexican brewer Grupo Modelo.

The world’s largest brewer has been trying since June to buy the half of Grupo Modelo that it doesn’t already own. The Justice Department sued to block the deal out of concern that a company that massive would stifle competition in the U.S.

The companies involved in a complicated series of deals surrounding the acquisition have negotiated for months with Justice officials to clear the way. They submitted an agreement Friday to the court and if approved, it is expected to close in June.

Nissan, Infiniti SUVs recalled over brakes

Nissan is recalling more than 19,000 Nissan and Infiniti SUVs because a brake part can fail and make it harder for the driver to stop the car.

The recall affects Nissan Pathfinder and Infiniti JX SUVs from the 2013 model year.

The automaker says an iron brake caliper part wasn’t made properly and can crack or fail. If that happens, the brake calipers can move and hit the wheel. That can reduce braking power and increase the risk of a crash. Nissan said Friday it has no reports of crashes or injuries.

New Lexus to be built in Kentucky

Toyota will start building the Lexus ES 350 at a factory in Georgetown, Ky., starting in 2015, producing a luxury brand vehicle for the first time in the United States.

The Japanese car company said Friday that the Georgetown plant will build about 50,000 of the flagship sedans each year, creating 750 new jobs.

The plant already employs about 6,600 people.

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