News / 

Stocks gain...Eurozone growth...Airbag recall

By The Associated Press | Posted - May 13, 2015 at 4:40 a.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BEIJING (AP) — International stock markets rose today, overcoming jitters caused by a bond sell-off. Chinese stocks were the exception, sinking after weak April retail spending. Futures point to opening gains on Wall Street. Benchmark U.S. crude rose above $61 per barrel. The dollar weakened against the yen and gained against the euro.

BRUSSELS (AP) — The eurozone economy grew at its fastest rate in nearly two years during the first three months of 2015 thanks to a raft of favorable conditions such as the sharp fall in oil prices. Official figures show the 0.4 percent quarterly increase in economic output across the 19-country bloc was up from the 0.3 percent recorded in the previous quarter and in line with expectations.

TOKYO (AP) — Another problem with Takata airbags is prompting expanded recalls by Toyota and Nissan. Toyota says it's recalling nearly 5 million more vehicles, including 637,000 in the United States. Nissan recalled an additional 1.56 million vehicles, with 326,000 of them in North America. Front passenger and front driver-side air bag inflators can deploy abnormally, or rupture. That's different from an earlier problem with air bag inflators that deployed with too much force.

TOKYO (AP) — Nissan's profit for the January-March quarter inched up 3.3 percent, helped by healthy vehicle sales in North America, a favorable exchange rate and cost cuts. Nissan Motor Co. reported a quarterly profit of 118.8 billion yen ($992 million), up from 114.9 billion yen the previous year. Quarterly sales edged up 2.6 percent to 3.29 trillion yen ($275 billion).

NEW ORLEANS (AP) — Deep-water drilling is set to resume near the site of the catastrophic BP PLC well blowout that killed 11 workers and caused the nation's largest offshore oil spill five years ago off the coast of Louisiana. A Louisiana-based oil company, LLOG Exploration Offshore LLC, plans to drill into the Macondo reservoir, according to federal records reviewed by The Associated Press.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast