Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Faulty brakes prompt Prius hybrid recall

Toyota Motor Corp. recalled 340,000 gas-electric hybrid Prius cars around the world Wednesday, including 212,000 in Japan and 94,000 in North America, for a defect in their parking brakes.

Toyota acknowledged receiving reports of crashes, injuries and deaths. The Japanese automaker declined to provide details, saying it was still looking into the reports. But Toyota said the parking brake cable can disengage unexpectedly, causing the brakes to stop working properly. So if the car is left in any gear other than park, it could start rolling away and potentially crash. The problem models were manufactured from August 2015 through October 2016.

Job openings fall to lowest level in 8 months * U.S. employers posted the fewest job openings in eight months in August, a sign that job gains are likely to remain modest in the coming months.

The Labor Department said Wednesday that job openings dropped nearly 7 percent to 5.4 million, down from 5.8 million in July. That month's total had been a record but was revised lower.

The data adds to recent evidence that hiring may be slowing a bit from the robust pace of the previous two years. The biggest declines in job openings took place in professional and business services, which includes accountants and engineers as well as temp workers, and manufacturing.

The number of people who quit their jobs remained mostly unchanged at nearly 3 million.

Stanley Black & Decker buying Newell tools unit * Tool company Stanley Black & Decker Inc. is buying Newell Brands' tools division for $1.95 billion in cash. The unit includes the industrial cutting, hand tool and power tool accessory brands Irwin and Lenox.

Newell Brands Inc. announced recently that it will be selling several divisions as part of a consolidation move. The move to sell businesses with annual sales of about $1. …

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