May 19, 2013

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Reporter: AP

Business News: Ford Escape Recall, Biometric ID Shoes, Beijing Bawls over Steel

DETROIT (AP) -- A manufacturing problem at a company that makes fuel lines is the reason Ford recalled 11,500 of its brand-new Escape small SUVs and told owners to stop driving them right away.
Ford Motor Co. announced the recall Thursday, citing the risk of an engine fire.
In documents filed by Ford and posted Friday on the National Highway Traffic Safety Administration's website, the company said fuel lines were "mechanically scored," or damaged during manufacturing. The lines, made by TI Group Automotive Systems, can split and leaking fuel could ignite.
Ford urged customers in the U.S. and Canada not to drive the SUVs and to contact dealers, who would pick up the Escape and drop off a loaner car. The problem affects only 2013 Escapes equipped with 1.6-liter, four-cylinder engines.

PITTSBURGH (AP) -- High-tech security? Forget those irksome eye scans. Meet the biometric shoe.
A new lab at Carnegie Mellon University is working on shoe insoles that monitor access to high-security areas, like nuclear power plants.
The idea is based on research showing that people have unique feet and ways of walking. Sensors in the footpad collect data and check the patterns.
The lab is a partnership with Autonomous ID, a Canadian company that is relocating to the U.S. President Todd Gray says he saw the potential in a maternity ward decorated with representations of baby feet along a wall.
One expert says the technology sounds impressive, but it could raise privacy questions.
Attorney Lee Tien with the Electronic Frontier Foundation says any biometric device is a potential tracking device.

BEIJING (AP) -- China has appealed to the World Trade Organization to set aside a WTO panel report favoring the United States in an anti-dumping case involving U.S. steel product.
The Chinese Ministry of Commerce in a statement posted on its official website late Friday rejected the WTO report issued in June, saying it failed to properly interpret relevant rules. China asked a WTO appellate body to review the report.
The panel report was in response to a 2010 complaint lodged by Washington that challenged Chinese tariffs on grain-oriented flat-rolled electrical steel from the U.S.
Washington believes such punitive tariffs are unfair and hurt American exporters. The Obama administration has been aggressive in filing WTO complaints on China, and Beijing often fights back, as governments try to boost exports amid slumping global demands.

BERLIN (AP) -- The head of the European Central Bank says the euro is "absolutely not" in danger as the continent's financial crisis simmers.
Mario Draghi said in an interview with French daily Le Monde posted on the bank's website Saturday that predictions of a eurozone "explosion" underestimate "the political capital that our leaders have invested in this union, as well as the support of European citizens."
He added: "The euro is irrevocable."
Asked whether the ECB should do more to ease the economy, Draghi replied: "We are very open. We do not have any taboos."
The ECB this month cut its benchmark interest rate to a record-low 0.75 percent but gave little sign of further action soon to ease the crisis. It already made two rounds of three-year emergency loans to banks.

NEW DELHI (AP) -- An official of India's largest carmaker, Maruti Suzuki, says production at a factory hit by rioting during a labor dispute cannot be resumed until an investigation is completed into the causes of the violence, which killed one executive and injured dozens of other people.
The plant, which normally makes 550,000 vehicles a year in Manesar in the north Indian state of Haryana, halted production on Wednesday night because of fire damage caused by workers.
Company chairman R.C. Bhargava told reporters on Saturday that Maruti Suzuki cannot resume production "until we are able to identify the causes and apply correctives."
The company is a subsidiary of Japan's Suzuki Motor Corp.


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