Feds probe Nissan
Versa air-bag woes
U.S. safety regulators are investigating the Nissan Versa subcompact car because an air bag may fail to inflate in crashes. The probe affects about 100,000 Versas from the 2012 model year. Such investigations can lead to recalls, but the Versa has not been recalled so far. The safety agency opened the investigation after getting data from Nissan.
Spain's bad loan
rate hits record
The Bank of Spain says the country's bad loan rate shot up to a record 9.42 percent in June, with more than $201 billion in loans to households and businesses at least three months overdue. The increase from May was more than $9.8 billion.
better in August
U.S. consumer confidence rose in August, boosting the prospect of stronger household spending this quarter. The Thomson Reuters/University of Michigan preliminary August index of consumer sentiment increased to the highest level since May. Rising confidence raises the odds households can sustain July's jump in retail sales and could signal stronger growth in the third quarter.
Facebook's stock fell to $19 for the first time on Friday but recovered a bit to close at $19.05, down 82 cents for the day. Its price is only a nickle away from having lost half its market value since the company went public at $38 a share in May. The latest decline came only a day after the expiration of a lock-up period that gave some early investors the chance to sell shares.
hit new high
Apple's stock hit a new high Friday after a four-month swoon, as investors looked ahead to the release of a new iPhone and possibly a smaller iPad. The company saw its stock hit $648.19 near the close, before retreating to $645.11. That was up $11.77, or 1.9 percent, for the day. The previous high was $644, hit on April 10.
see week of lows
Another day, another low for Groupon's stock. The online deals company issued a lackluster quarterly report after the market closed on Monday. Since Tuesday, the stock has hit a new low every day. It fell another 25 cents, or 5 percent, to close Friday at $4.75. Earlier in the day, it hit $4.51. That's down more than three-quarters of its initial public offering price of $20 in November.
bounce back a bit
A measure of future U.S. economic activity recovered in July after a sharp drop in June, providing further evidence of an economy regaining momentum. The Conference Board said its index of leading economic indicators increased 0.4 percent in July after falling 0.4 percent in June. The rise was the result of improvement in several components, with the largest contributions coming from a jump in applications for housing permits and declines in applications for jobless benefits.