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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Feb 04, 2014
Page
9
U S transportation officials proposed requiring new cars and light trucks to carry tech that lets vehicles share position heading and speed. A radio beacon would warn drivers of imminent collisions and may automatically brake. The system could prevent up to 80 percent of non mechanical crashes, though implementation will take years.
U S stocks dropped as Dow fell over 300 points amid slow growth fears in the United States and China. The Dow slid to about 15 403, the S P 500 lost 37 points and the Nasdaq fell 103 as manufacturing and weather disruptions weighed on the global economy.
The European Central Bank and national regulators will review thousands of files from 128 large European banks to identify banks with hidden losses. The process, starting with data sweeps and leading to stress tests, aims to force weak lenders to raise capital or be restructured by October to reestablish lending and support growth.
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