Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Ford Recalls Escape Suvs

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Ford Recalls Escape Suvs

Article excerpt

DETROIT -- Ford Motor Co. is recalling more than 10,000 redesigned 2013 Escape SUVs to fix carpet padding that could get in the way of braking.

Ford says that wrongly positioned carpet padding could reduce space around the pedals and cause drivers to hit the side of the brake pedal when switching from the accelerator.

The automaker told the National Highway Traffic Safety Administration that dealers will remove the carpet padding and replace a console trim panel at no charge.

Ford said the recall covered 8,266 vehicles in the U.S. Ford spokeswoman Marcey Zwiebel said it also affected about 2,000 vehicles in Canada and a couple hundred in Mexico.

Ms. Zwiebel said Ford had not received any reports of accidents or injuries related to the problem.

The recall is expected to begin next Monday. Owners may call the automaker at 866-436-7332.

Citigroup may boost dividend

NEW YORK -- Citigroup Inc. may seek permission to hike its dividend for the first time since the 2008 financial crisis in the next few months.

The bank's CEO, Vikram Pandit, said he expects to start discussing returning some cash to investors by the end of the year.

"I believe we will be in good shape and have the capital to be able to do that by the end of the year," Mr. Pandit told Britain's Sunday Telegraph in a rare interview. "That's a decision that will have to be taken with our regulators and we will have those conversations at the end of the year."

The bank did not ask the Federal Reserve for permission to raise the dividend last month, when it submitted its latest capital plan.

Citi currently pays a token amount of 1 cent per share every quarter. Mr. Pandit had previously promised shareholders a higher dividend earlier in the year.

Shell ship prompts criticism

WASHINGTON -- Royal Dutch Shell Plc faced criticism from environmental activists after a drilling ship the company plans to use for exploration in the U.S. Arctic drifted toward shore.

The Noble Discoverer drifted toward the coast near Dutch Harbor, Alaska, Shell said Sunday in an email. The vessel was repositioned away from shore, and there is no evidence of damage or grounding, Coast Guard spokeswoman Sara Francis said by telephone from Kodiak, Alaska. …

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