You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Jobless rate falls in 34 states
    WASHINGTON – Unemployment rates fell in 34 U.S. states in October, a sign that steady hiring this year has been broadly dispersed through most of the country.
  • Ford's better idea: 26 mpg pickup
    DEARBORN, Mich. — Ford said Friday that its new aluminum-bodied F-150 pickup will get up to 26 mpg on the highway, making it the most fuel-efficient gas-powered full-size pickup.
  • China cuts interest rates
    BEIJING – China’s central bank unexpectedly slashed interest rates Friday to re-energize the world’s No.
Advertisement

GM SUVs recalled a 3rd time

General Motors’ troubles with safety recalls have surfaced in another case, this time with the company recalling a group of SUVs for a third time to fix power-window switches that can catch fire.

The problem, revealed in doc­u­ments posted by federal safe­ty regulators this week, is so ser­ious that GM is telling customers to park the SUVs outdoors until they are repaired because they could catch fire when left unattended.

The vehicles will be left outside for a while. Parts won’t be ready until October at the earliest, according to GM. The automaker also has ordered its dealers to stop selling the SUVs as used cars until they are fixed.

The recall covers about 189,000 vehicles in North Amer­ica, mainly from the 2006 and 2007 model years. Models affected include the Chevrolet TrailBlazer, GMC Envoy, Buick Rainer, Isuzu Ascender and Saab 97-X. The recall was one of six announced by GM on June 30 that covered 7.6 million vehicles.

GM, which has a truck assembly plant in Allen County, is in the midst of the biggest safety crisis in its history, touched off by the delayed recall of 2.6 million older small cars to fix faulty ignition switches.

Home constructionpermits up slightly

Allen County had 87 residen­tial construction permits in July, a1.2 percent increase from 86 re­­quests issued in July 2013, ac­cord­ing to the Home Builders As­so­ciation of Fort Wayne.

The average home construc­tion cost in July was $250,733, compared with $219,975 in July 2013.

Year to date, 426 permits have been requested, a 14.1 percent decline from the 496 sought during the first seven months of 2013.

Consumer debt loadrises at slower pace

U.S. consumers expanded their borrowing at a slower rate in June compared with the previous month.

Overall, credit rose by $18.3 billion in June to a total of $3.17 trillion, the Federal Reserve said Thursday. The rise was down from a gain of $21.5 billion in May.

The smaller increase suggests that consumers remain sheep­ish about spending, which could limit how fast the economy can grow. Rising debt loads are generally a sign of greater confidence in the economy and tend to accelerate growth.

US airlines showrise in late flights

More U.S. flights arrived late in June than the month before, continuing a string of poor performances by the nation’s airlines.

The government says that in the first six months of the year, the rate of late flights was the highest since 2008, and cancellations were the highest since 2000.

The U.S. Department of Trans­por­ta­tion said Thursday that among airlines reporting fig­ures, 71.8 percent of domestic flights arrived on time in June, down from 76.9 percent in May and 71.9 percent in June 2013. A flight counts as late if it arrives more than 14 minutes behind schedule.

Hawaiian Airlines and Alaska Airlines, which aren’t as exposed to bad weather in the eastern and central parts of the country, had the best on-time ratings. Delta Air Lines led among the biggest carriers.

Advertisement