GM recalls SUVs

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by Bloomberg Business Report

kvue.com

Posted on June 17, 2013 at 7:41 AM

Updated Monday, Jun 17 at 7:41 AM

General motors is recalling nearly 200,000 SUVs. GM is warning drivers to park these cars outside until they're fixed because they can catch fire even when not in use. The recall involves some Chevy Trailblazer and Trailblazer EXT's, GMC Envoy and Envoy XL's, Buick Raniers, Saab 97X's and Isuzu Ascenders, mostly model years 2006 and 2007. The cars were recalled in snow belt states last August. This new recall takes it nationwide. The problem is a faulty circuit board.

And your driveway may be responsible for some serious health problems. USA Today says growing research suggests a driveway sealant using coal tar is linked to contaminated soil and a high cancer risk. But some industry groups do dispute the findings.

Apple is divulging more about what information it shares with government officials. The iPhone, iPad and iPod maker says it doesn't provide direct access to its servers, but gets thousands of government requests - mostly from police investigating robberies and other crimes. Interestingly, Apple says iMessaging and FaceTime have end to end encryption, meaning only the sender and receiver can read or see them, not even Apple.

As for trading, investors this week are keeping a close eye on the two-day Federal Reserve policy meeting that begins Tuesday.

There was a lower close for stocks Friday after the IMF cut its U.S. growth forecast. Also, the IMF warned of future risks to the economy if the fed mishandles the way it cuts back on the economic stimulus.

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