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Thursday, 08 February 2018 11:16

Business report for Thursday February 8th Featured

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NATIONWIDE - General Motors wants to save a billion dollars, borrowing is up and what s going on with toy sales?

For the third time, General Motors has asked the government for permission to avoid recalls of potentially deadly Takata air bag inflators. GM said the inflators were custom-made for its trucks by Takata and that none of them have blown apart on roads or in extensive laboratory testing. GM stated it could save $1 billion if it does not have to recall the 6.8 million pickup trucks and SUV's from 2007 to 2011 model years.

 

Americans increased their borrowing by $18.4 billion in December, a sign of confidence in the economy. The Federal Reserve said the increase reflects gains of $5.1 billion in credit cards and $13.3 billion in auto and student loans.

 

Delta airlines announced a new route from Pittsburgh to its hub in Salt Lake City beginning in July connecting to more than 90 destinations across North America. With this latest addition, the airport will offer 74 non-stop flights.

 

Toy maker Hasbro saw a surprising drop in sales for the fourth quarter as it struggled with lagging sales of Star Wars toys. Last week Mattel also posted an unexpected loss for the quarter that includes the holiday season. The thinking is that kids are more interested in mobile devices rather than traditional toys creating a challenge for toy companies.