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US dollar eases after soft economic data; yen inches higher

By Gertrude Chavez-DreyfussNEW YORK (Reuters) -The U.S. dollar drifted lower against most currencies on Thursday, pressured by softening data in the world's largest economy that backs expectations the Federal Reserve will start cutting interest rates this year.The yen edged up from a 38-year low against the greenback following the U.S. numbers,…
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Air-bag concerns prompt recalls of more than 400,000 SUVs

Owners of hundreds of thousands of SUVs should stop using the front passenger seat or rolling down the driver’s side window until potential air-bag problems are fixed in recalls, two carmakers said.Volkswagen issued a recall for more than 271,000 vehicles because a wiring fault could deactivate the front passenger air bag when the seat is…
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