April spending shows mixed results with online gains
MasterCard Advisors SpendingPulse reports April consumer outlays fell for clothing and footwear year over year while electronics major appliances and status goods rose. Online sales climbed for the ninth straight month amid rain and reduced tourism from volcanic ash.
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Michael McNamara
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Mountain View
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Hummer recalls 198,000 H3s over hood detachment risk
General Motors announced a voluntary recall of Hummer H3 models from 2006 onward to fix a hood louver that can detach while driving. The issue affects 164,190 H3s in the United States and 198,404 worldwide, with the louver providing air flow but serving decorative purposes on the H3.
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New York
General Motors
United States
Nick Richards
Washington Post Co seeks buyer for Newsweek to cut losses
The Washington Post Co. plans to sell Newsweek to stem mounting losses as ad revenue declines hit magazines and the web accelerates competition. The firm has hired Allen & Co. to broker a sale after Newsweek piled up losses since 2007, with no clear path to profitability.
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