Ford recalls 680,000 cars over seat-belt issue
DETROIT - Ford Motor Co. is recalling more than 680,000 midsize sedans, mainly in North America, because the front seat belts may not hold people in a wreck.
The recall covers certain 2013 to 2016 Ford Fusions, 2013 to 2015 Lincoln MKZs and 2015 and 2016 Ford Mondeos.
Feds to appeal ruling to block overtime expansion
AUSTIN, Texas - The Obama administration says it will challenge a federal court's decision to block implementation of a regulation that would make an estimated 4 million more higher-earning workers eligible for overtime pay.
The U.S. Labor Department filed a notice of appeal Thursday, the same day the administration's rule had been set to take effect nationwide.
Twenty-one states sued to block the rule, arguing it would unduly burden the public and private sectors.
Last week, a federal judge in Texas issued an injunction suspending it to allow for further scrutiny.
Obama had recommended a smaller pay increase.
Singapore fines 2 banks over money-laundering
SINGAPORE - Singapore regulators on Friday announced fines amounting to over $5.3 million for two banks that were found to have breached money-laundering rules in dealings with an indebted Malaysian state fund.
The Monetary Authority of Singapore fined the local branch of Standard Chartered Bank, which is headquartered in London, 5.2 million Singapore dollars ($3.6 million) for "significant lapses" in customer due-diligence measures and controls and the Singapore branch of Coutts 2.4 million Singapore dollars ($1.7 million) for inadequate customer due diligence on "politically exposed persons."
The fines stemmed from a multinational investigation into allegations that people close to the Malaysian prime minister stole more than $1 billion from the development fund.
China asks U.S., Germany to avoid politics over deal
BEIJING - China appealed to Washington and Berlin to avoid injecting politics into the proposed takeover of a German maker of semiconductor manufacturing equipment following a report that President Barack Obama plans to oppose it as a security risk.
The proposed $740 million acquisition of Aixtron by Fujian Grand Chip, a semiconductor maker, is "normal business activity," said a spokesman for China's foreign ministry, Geng Shuang.
No more 'Melania Trump' underwear for Slovenians
LJUBLJANA, S lovenia - No more Melania Trump honey, cakes, shoes and underwear for Slovenians.
She has hired a law firm in her native country to protect her name and image from being used on numerous products that have sprung up since her husband, Donald Trump, was elected president.
Natasa Pirc Musar, director of the Pirc Musar&Partnerji law firm, said Friday that the use of the name "Melania Trump" for commercial purposes without approval of her client would be against the law in the small Alpine state and would represent a violation of personal rights.
The Associated Press
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