Air bag investigation
U.S. safety regulators said they are investigating problems with air bag sensors in the seats of some small Suzuki SUVs. The probe covers 205,000 vehicles, including Grand Vitaras, from the 2006 through 2011 model years and SX4s from 2007 through 2011. Investigators will check to see if the problems are bad enough to cause a recall.
Bond holdings trimmed
Investors cut bond holdings to a near two-year low this month and bought stocks as expectations that the Federal Reserve may remove monetary stimulus bolstered growth forecasts, a Bank of America Corp. survey showed. A net 50 percent of 190 global fund managers said they now hold fewer bonds than are represented in asset allocation benchmarks, while the proportion who are overweight on stocks rose to 48 percent from 41 percent.
Netflix adds family feature
Pushing programming for kids to win more subscribers, Netflix is making it easier for families and new customers to find and watch its films and TV shows. “Netflix Families,” a new page on the company’s website, will feature rows of curated content designed to appeal to families as they embark on vacations and keep kids occupied in the summer months, when family viewing hours increase about 30 percent, the company said.
Taco Bell plans to test a “Power Protein” menu as part of its push to provide choices for people looking to eat healthy. The chain says it will start testing the menu July 25 in Dayton, Ohio. The burritos and bowls will have more than 20 grams of protein and less than 450 calories. Taco Bell says the Power Protein burritos and bowls includes double portions of meat.
Charitable giving in the United States increased slightly last year, signaling that a full recovery to pre-recession highs is still several years away, according to a report from Giving USA. Adjusted for inflation, philanthropic donations from individuals, foundations and corporations increased 1.5 percent to $316.23 billion in 2012 from $311.68 billion in 2011.
Raising the bar
North America reclaimed the top spot with the most millionaires last year as the world’s ultra-rich led the way in raising global wealth to a record high, according to a report by Cap Gemini SA and Royal Bank of Canada. People in North America with at least $1 million in investable assets climbed 11.5 percent to 3.73 million in 2012, regaining the No. 1 ranking after being overtaken in 2011 by the Asia-Pacific region, according to the 17th annual World Wealth Report. High-net-worth individuals in Asia-Pacific increased 9.4 percent to 3.68 million. The combined wealth of the world’s millionaires rose 10 percent to a record $46.2 trillion last year after declining 1.7 percent in 2011.
| Star news services