Business news in brief
By The Associated Press
Hyundai recalling over 226,000 cars
and SUVs
DETROIT | Hyundai is recalling more than 226,000 SUVs and small cars in the U.S. because the rearview camera image may not show up on the screens.
The recall covers certain Santa Fe and Elantra vehicles from the 2021 and 2022 model years.
Hyundai says in documents posted Wednesday by U.S. safety regulators that solder joints on a printed circuit board can develop cracks that can worsen over time and cause the cameras to fail. That can reduce visibility and increase the risk of injury to pedestrians.
Dealers will replace the cameras at no cost to owners, who will be notified by letters starting Jan. 19.
U.S. consumer price increases accelerated
last month
WASHINGTON | Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled in recent months.
According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. That is up from just 2.1% in September, though it is still only modestly above the Fed’s 2% target.
Yet excluding the volatile food and energy categories, so-called “core” prices also picked up, climbing 2.8% last month from a year earlier, up from 2.7% in September, according to Commerce’s personal consumption expenditures price index. Economists closely watch core prices because they typically provide a better read on where inflation is headed.
Federal court dismisses defamation lawsuit against FOX News
CROTON, N.Y. | A federal judge on Wednesday threw out a defamation lawsuit against Fox News by a former Donald Trump supporter who said he received death threats when the network aired false conspiracy theories about his involvement in the Jan. 6, 2021, Capitol insurrection.
Raymond Epps, a former Marine, was falsely accused by Fox of being a government agent causing trouble near the Capitol that day so that it would be blamed on Trump fans.
U.S. District Judge Jennifer L. Hall in Delaware granted, without comment, Fox’s motion to dismiss the case.
—From AP reports
