Business highlights for July 26

Business highlights for July, 2014
By The Associated Press Published: July 26, 2014
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Business briefs

GM Impalas under review

The U.S. government’s highway safety agency has decided to seek information from General Motors about air bag failures in some Chevrolet Impalas. The National Highway Traffic Safety Administration investigated after a petition from Donald Friedman of Xprts LLC, a Santa Barbara, Calif., company that examines crashes. An April 2011 car crash in Hidalgo County, Texas injured an elderly man named Roberto Martinez. His wife was driving their 2008 Impala when it was hit by an SUV and forced into a highway divider. The passenger air bags didn’t deploy, and Martinez suffered permanent brain injuries, according to a lawsuit filed against GM. He died 10 months later.

Russia fears sanctions

Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the downing of the Malaysian jetliner will bring an international isolation that will cause serious economic damage. Throughout the Ukrainian crisis, U.S. and European sanctions had targeted a handful of individuals, sparing economic ties. Then last week the U.S.put penalties on some of Russia’s largest corporations. When the airliner was shot down a day later in Ukraine, allegedly by separatists with Moscow’s support, concern grew that the sanctions would get worse as President Vladimir Putin shows little sign of cooperation.

Associated Press