Starwatch consumer

Honda recalls vehicles to fix brake problems

Updated: 2013-06-14T02:19:01Z

Brake problems

Honda is recalling more than 18,000 Acura RSX compact cars from 2006 and the Honda S2000 sports car from 2006 and 2007 to fix problems with the brakes, part of a broader recall of 104,500 cars in 49 countries worldwide.

Honda said some power brake booster parts weren’t made to specifications. Honda found the problem by watching warranty claims. U.S. owners will be notified by mail in mid-July.

Microsoft partner

Best Buy is partnering with Microsoft to offer a store within a store for its Windows products, becoming the latest major consumer electronics retailer to acknowledge advantages of the brick-and-mortar format.

The store within a store will offer Windows-based PCs, tablets and accessories, as well as trained staff to explain Windows 8 to customers.

Best Buy has a similar arrangement for Apple, Samsung and Magnolia products.

Late airplanes

The Transportation Department said nearly one in four flights arrived late in April, a far worse record than April 2012 and the average of the last 18 years.

American Eagle has the worst on-time record. It is an affiliate of American Airlines, which ranked last among the nation’s five biggest carriers.

Among the busiest airports, you’re most likely to be delayed on your way to Newark, N.J. Salt Lake City has the best on-time rating.

Mortgage rates

The average rate for a 30-year fixed mortgage climbed to 3.98 percent, a 14-month high, from 3.91 percent last week, Freddie Mac said.

The average 15-year rate increased to 3.1 percent from 3.03 percent.


Hospitals and medical device makers are being urged by the U.S. government to boost safeguards against computer hackers and malware that can disrupt the use of lifesaving technology.

There has been a rise in incidents, including breaches of hospital networks and computer-embedded medical devices that could expose patient data or privileged passwords, the Food and Drug Administration said.

The FDA said it isn’t aware of any patient injuries from the intrusions, and it didn’t name specific devices or facilities targeted.

Money funds

John C. Bogle, the founder of Vanguard Group who popularized index-based investing, said proposed rules for money market mutual funds don’t go far enough to protect investors and the financial system.

The Securities and Exchange Commission’s June 5 proposal to make only the riskiest money funds, known as prime funds, adopt a floating share price is a compromise forced by the fund industry’s resistance to reform, Bogle said Thursday at the Morningstar Investment Conference in Chicago. Regulators should force all money funds to float their share price, he said.

Less optimism

Consumer sentiment fell last week to a two month low as Americans’ views toward their finances and buying plans faded.

The Bloomberg Consumer Comfort Index declined to -31.3 in the period ending June 9, the lowest since early April, from -29.7 a week earlier.

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