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Business

  • Government ups air bag warning to 7.8M vehicles
    The U.S. government is adding more than 3 million vehicles to a rare warning about faulty air bags that have the potential to kill or injure drivers or passengers in a crash.
  • Japan’s exports up in September, deficit persists
      TOKYO – Japan’s trade deficit edged higher in September though exports rose more than expected as the yen weakened to a near six-year low, the Finance Ministry said Wednesday.
  • Kleenex maker plans 1,300 cuts
    DALLAS – Kimberly-Clark plans to eliminate up to 1,300 jobs as part of restructuring efforts aimed at reducing costs and making its business more efficient.
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Week Ahead

Today

•Federal Reserve releases industrial production report for May

•National Association of Home Builders releases housing market index for June

Tuesday

•Labor Department releases Consumer Price Index for May

•Commerce Department releases housing starts report for May

•Federal Reserve policymakers begin a two-day meeting to set interest rates

•Germany’s ZEW institute releases its monthly index of investor confidence in Europe’s biggest economy

Wednesday

•Commerce Department releases current account trade deficit report for the first quarter

•Federal Reserve policymakers meet to set interest rates; statement and economic forecast due at 2 p.m.; Chairwoman Janet Yellen news conference at 2:30 p.m.

•Monthly trade data for May, which may show enough of a surge in exports to offset a plunge in domestic demand following an April sales tax hike

Thursday

•Labor Department releases weekly jobless claims report

•Freddie Mac releases weekly mortgage rates

•Conference Board releases leading indicators report for May

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