Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Ford recalls 680,000 cars; seat belts may not hold in crash

Ford is recalling more than 680,000 midsize sedans mainly in North America because the front seat belts may not hold people in a crash.

The recall covers certain 2013 to 2016 Ford Fusion, 2013 to 2015 Lincoln MKZ and 2015 and 2016 Ford Mondeo cars.

Ford says heat generated when the seat belt pre-tensioners deploy can cause cables to break. If that happens the belts may not hold people. Ford says it knows of two injuries related to the problem.

Pre-tensioners tighten seat belts when they sense that cars are stopping.

The recall is expected to begin on Jan. 16.

Most of the cars are in the U.S., Canada and Mexico.

Delta takes charge from retro pilot pay * Delta Air Lines Inc. said on Friday it would take a $475 million hit in the fourth quarter from a new contract that increases pilots' pay retroactively to the beginning of 2016.

Delta, the No. 2 U.S. airline by passenger traffic, said it would pay profit-sharing and higher wages to pilots, including $380 million for the first three quarters of the year. It expects the payments to push down its operating profit margin for the quarter to between 9.5 percent and 10.5 percent, about five percentage points below its prior outlook.

Excluding the effects of the contract, Delta said its margin would be at the high end of its previous forecast. Average fares are stabilizing for U.S. flights booked at the last minute, after falling for months, it said.

The contract raises wages 30 percent by 2019, just one example of the wage crunch that top airlines are facing.

FCC warns AT&T and Verizon on video apps * U.S. regulators are calling out AT&T and Verizon for exempting their own video apps from data caps on customers' cellphones.

The Federal Communications Commission sent letters to the country's biggest wireless carriers Thursday saying the way they handle the practice, known as "zero rating," can hurt competition and consumers. …

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