TOYOTA HIGHLANDERS RECALLED: Toyota Motor Corp. plans to recall about 90,000 Highlander sport utility vehicles in the United States. The Japanese automaker wants to fix a problem that could prevent the seat belt in a third-row seat from securing a rear-facing child seat. Toyota spokesman Bill Kwong said Friday the company had issued a stop sale of the 2008 Highlander SUV and hybrid version with third-row seats to retrofit changes to the seat belt. There have been no complaints or injuries tied to the seat belts. The vehicles under the recall were built between May 2007 and March 2008. Kwong says owners will be notified of the recall in June and dealers will install a newly designed seat belt component.
SCREEN ACTORS GUILD DEAL CLOSE? The Screen Actors Guild scaled back its contract demands in an effort to reach a deal with major Hollywood studios, a person familiar with contract talks said Friday. SAG now is seeking what effectively would be a 15 percent increase in residual fees for DVD sales, said the person, who was not authorized to speak publicly and requested anonymity. Producers previously accused the guild of holding up talks by seeking to double payments that actors receive from DVD sales. The guild and studios agreed to a second extension of their talks through Tuesday, with one day off Sunday. SAG and the Alliance of Motion Picture and Television Producers have said they want to avoid a repeat of the 100-day strike by Hollywood writers that shut down production of dozens of TV shows.
The Washington Post Co. on Friday reported a 39 percent drop in first-quarter profit, hurt by an early retirement program charge at Newsweek and a continued loss of revenue from its newspapers. Newspaper revenue fell 6 percent, to $206.1 million, from $219.2 million in the first quarter of 2007. That comes on the heels of a 10 percent slide in revenue from the first quarter of 2006 to the first quarter of 2007. Like newspapers across the country, the Post has been hit by an economic slowdown and a shift of advertising dollars to the Internet. In February, the paper announced a buyout, its third since 2003, and plans to close one of its two printing plants by 2010.
The Santa Barbara News-Press laid off 10 employees because of declining revenue stemming from a union-organized boycott, as well as the general dip in readership faced by the news industry, a lawyer for the paper said Friday. The dismissed employees include two newsroom managers and eight employees from advertising, circulation and other departments, said A. Barry Cappello, who would not identify the laid-off workers.
BEE NEWS SERVICES
46: Percentage of U.S. financial advisers who say their clients still are planning a timely retirement, despite current financial woes, according to a survey conducted by Brinker Capital.
63: Of those U.S. financial advisers who say their clients are off track, percentage who attribute this to their clients' starting saving too late.
54: Percentage of U.S. financial advisers who say their clients plan to work past age 65.
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