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BMW, Volkswagen, Daimler recall vehicles in U.S. with Takata air bags

FRANKFURT/WASHINGTON (Reuters) – The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier. On Wednesday, Volkswagen AG said it would recall 850,000 vehicles and BMW said it would recall 840,000 vehicles. The vehicles to be recalled have Takata-made air bag inflators that

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BMW, Volkswagen, Daimler recall vehicles in U.S. with Takata air bags

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Fed’s Fischer worried by emergency credit reporting rules

A top Federal Reserve policymaker on Wednesday expressed concern that U.S. reforms enacted after the global financial crisis may have made it harder to stem a credit market panic, a warning that came…

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Fed’s Fischer worried by emergency credit reporting rules