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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Oct 17, 2014
Page
3
U S safety regulators posted recalls affecting about 907000 Chrysler Dodge and Jeep vehicles for alternator failures and heated mirror wiring that could short and cause minor fires. The largest recall covers about 470000 Jeeps Grand Cherokees Chrysler 300s and Dodges Chargers Challengers and Durangos from 2011 to 2014.
Apple displays a thinner iMac and high resolution display as Apple Pay launches soon, a bold strategic move that could redefine consumer payments. Analysts see Apple Pay expanding iPhone and iPad use, with emphasis on security and widespread merchant adoption. Tim Cook expects the service live next week, positioning Apple at the center of mobile transactions and brand driven growth.
Mattel reports a 21 percent drop in Barbie sales for the quarter ended Sept 30 and a 7 percent decline for American Girl, while rival Hasbro wins the Disney Frozen doll rights for spring 2016. Wheels line and Disney Princess toys boost other brands as profits miss Wall Street forecasts. Mattel posted $2.02 billion revenue and 97 cents per share, below the expected $1.02 on $2.18 billion.
The Consumer Financial Protection Bureau reports millions face high cost private student loans with few repayment options. Ombudsman Rohit Chopra notes rising complaints about lack of flexible terms, forbearance delays, and insufficient guidance as lenders offer limited relief.
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