NEW YORK (AP) — Stocks are lower in afternoon trading as investors mull the outlook for interest rates, the latest sanctions against Russia and volatile energy prices. Stocks have fallen this week after closing at a record high last Friday. September is historically the weakest month for the stock market, according to data from the Stock Traders’ Almanac.
WASHINGTON (AP) — President Barack Obama says the U.S. is moving ahead with tougher economic sanctions on Russia over what the U.S. says are Russia’s illegal actions in Ukraine. Obama says the sanctions will affect Russia’s financial, energy and defense sectors. He says they’ll increase Moscow’s political isolation and economic costs to the country. The U.S. penalties are paired with a new round of European Union sanctions announced today in Brussels.
WASHINGTON (AP) — The federal government is tightening its rules on reporting workplace accidents. Beginning Jan. 1, employers must report any fatalities within eight hours of the accident or incident. Work-related hospitalizations, amputations or losses of an eye will now have to be reported within 24 hours, under the new rule announced by the Occupational Safety and Health Administration. Previously, OSHA required such reports to be filed only if three or more workers were killed or hospitalized while on the job.
DETROIT (AP) — Toyota is recalling about 130,000 Tundra full-size pickup trucks because a plastic trim piece can interfere with the side air bags. The recall affects Crew-Max and Double Cab versions in the U.S. from the 2014 model year. The company says the trim covering the center pillars behind the front seats may have been installed incorrectly. It could stop air bags from inflating to their intended shape.
NEW YORK (AP) — RadioShack says it may need to file for Chapter 11 bankruptcy reorganization if it can’t rework its debt or find another way to ease a cash crunch. The struggling electronics retailer says in a regulatory filing today that it’s in talks with its lenders, bondholders, shareholders and landlords to fix its balance sheet, but if it can’t, it will try to file a prepackaged bankruptcy.
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