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Business

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BUSINESS BRIEFS: GM recalls ’14 Silverado, Sierra

– General Motors is recalling 370,000 Chevrolet Silverado and GMC Sierra pickups from the 2014 model year to fix software that could cause the exhaust components to overheat and start a fire.

The GM plant in southwest Allen County is among plants that assemble the pickups.

The recall includes 303,000 trucks in the U.S. and 67,000 in Canada and Mexico. All of the trucks involved have 4.3-liter or 5.3-liter engines.

GM said eight fires, but no injuries, have been reported. The company is asking customers not to leave their trucks idling unattended.

GM dealers will reprogram the software for free. The company will inform owners starting Thursday.

Home TV, film sales up for 2nd year in row

U.S. home video spending rose nearly 1 percent to $18.2 billion in 2013, the second straight year of growth as higher spending on video streaming subscriptions and digital purchases offset the decline in DVDs.

The figures were released last week by the consortium of Hollywood studios and electronics makers, The Digital Entertainment Group.

Digital sales of movies and TV shows rose 47 percent to $1.2 billion, while subscription streaming spending rose 32 percent to $3.2 billion.

Blu-ray disc sales rose about 5 percent, but overall physical disc sales fell 8 percent to $7.8 billion. Rental revenue fell 5 percent to $6.1 billion.

The group credited the growth to increased use of high-definition TVs and Blu-ray players and greater adoption of its cloud storage system, UltraViolet, now with 15 million accounts.

Pork firm urges end to pig gestation crates

Smithfield Foods is recommending that its contract growers phase out the practice of keeping female hogs in small metal crates while pregnant.

The world’s largest pork producer said it is asking the growers to move pregnant sows from gestation crates to group housing by 2022.

Smithfield has been criticized for continuing to breed sows in the crates that severely restrict the animals’ movement.

The company previously announced that it was phasing out the practice at its U.S. facilities by 2017. It has moved 54 percent of its pregnant sows to group housing.

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