GM recalls 1.2M pickups, SUVs for power steering problem
General Motors is recalling more than a million big pickup trucks and SUVs in the U.S. because of power-assisted steering problems that have been cited in a number of accidents. Read more
Business Breaking
Amazon’s Jeff Bezos launches $2 billion fund to help the homeless
Amazon is designating 47,000 square feet of space at its new corporate office for a permanent Mary’s Place shelter. Read more
Calling teen vaping ‘epidemic,’ officials weigh flavor ban
U.S. health officials are sounding the alarm about teenage use of e-cigarettes, calling the problem an “epidemic” and ordering manufacturers to reverse the trend or risk having their flavored vaping products pulled from the market. Read more
Booming sales for Bob Woodward book on Trump presidency
Bob Woodward’s account of a dysfunctional Trump White House has already sold more than 750,000 copies the day after the book arrived in stores, Simon & Schuster announced. Read more
Apple unveils biggest, most expensive iPhone yet
Apple unveiled three new iPhones today, including its biggest and most expensive model yet, as the company seeks to widen the product’s appeal amid slowing sales. Read more
Apple expected to unveil bigger, pricier iPhone on Wednesday
Apple is expected to unveil its biggest and most expensive iPhone on Wednesday as part of a lineup of three new models aimed at widening the product’s appeal amid slowing sales growth. Read more
After Les Moonves departure, CBS takeover a possibility
The resignation of longtime CBS chief Les Moonves won’t likely lead to drastic changes in network programs, but a related deal could make the company ripe for a takeover as traditional media companies compete with upstarts such as Netflix and Amazon. Read more
Native Americans say Trump illegally approved oil pipeline from Canada
Native American tribes in Montana and South Dakota sued the Trump administration, claiming it approved an oil pipeline from Canada without considering potential damage to cultural sites from spills and construction. Read more
U.S. consumer borrowing up strong $16.6 billion in July
Americans increased their borrowing in July at nearly double the pace of the previous month, evidence that confident consumers are willing to take on more debt to support their spending. Read more
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Ousted CBS chief’s severance could be $120M
CBS will pay ousted chief Les Moonves $120 million if its ongoing investigation fails to find any evidence of sexual misconduct. Read more
Despite Trump tweet, Ford says it won’t make hatchback in U.S.
Ford won’t be moving production of a hatchback wagon to the United States from China — despite President Donald Trump’s claim Sunday that his taxes on Chinese imports mean the Focus Active can be built in America. Read more
Tesla woes mount as CEO smokes pot
Another executive departure, another controversy over the CEO’s behavior, another stock drop. Another typical day at Tesla. Read more
Fantasy football is big business, but it is good for businesses?
As the NFL season kicks off this weekend, the Philadelphia Eagles begin a quest to become the first back-to-back Super Bowl champions in more than a decade, a storyline with less interest outside of the City of Brotherly Love. Read more
Apple says proposed China tariffs affect Apple Watch and AirPods
Apple Inc. said tariffs on $200 billion worth of products imported from China will affect popular products like the Apple Watch and AirPod headphones. Read more
Ford recalls 2M pickup trucks; seat belts can cause fires
Under pressure from U.S. safety regulators, Ford is recalling about 2 million F-150 pickup trucks in North America because the seat belts can spark and cause fires. Read more
Tesla stock falls as CEO appears to smoke marijuana on video
Shares of electric car maker Tesla Inc. fell more than 6 percent early today after the CEO appeared to smoke marijuana during an interview and the company’s accounting chief left after a month on the job. Read more
Southwest passengers might have been exposed to measles
Health officials are trying to find passengers from four Southwest Airlines flights last month who might have been exposed to measles. Read more
Disney workers approve new contract raising minimum wage
Thousands of Walt Disney World workers today overwhelmingly approved a new contract that increases the starting minimum wage to $15 an hour over the next three years. Read more
Burberry to drop real fur, stop destroying unsold goods
British luxury fashion brand Burberry said today it will stop using real fur in its products and also stop destroying products that it cannot sell. Read more
Major hotels giving panic buttons to staff nationwide
Tens of thousands of employees at more than 18,000 U.S. hotels will soon carry panic buttons to help protect them from harassment and assault in an era of heightened awareness around the #MeToo movement. Read more
Uber rolls out safety features for drivers, passengers
Uber is aiming to boost driver and passenger safety in an effort to rebuild trust in the brand. Read more
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