FedEx expects increase in holiday deliveries
MEMPHIS, Tenn. – FedEx expects that holiday shoppers will be more nice than naughty this year, with shipments rising from 2012.
The company said Wednesday that it expects to carry more than 22 million shipments on the busiest day of the season, which it believes will be Monday, Dec. 2.
FedEx predicts that shipments in the first week of December will rise 13 percent over last year's peak week, to more than 85 million shipments, driven by online shopping and retailers stocking up on electronics, apparel and other goods.
The expected top day, Dec. 2, will be the first work day for many shoppers after the long Thanksgiving weekend. This is the first time that FedEx expects so-called “Cyber Monday” to be its busiest day of the season.
Last year, the company's heaviest load fell on Dec. 17, when it carried 19.9 million shipments. It also saw spikes of 19.6 million shipments on Cyber Monday and 19 million on Dec. 10.
Nissan recalls over 188,000 SUVs to fix brakes
DETROIT – Nissan Motor Co. is recalling more than 188,000 Nissan and Infiniti SUVs worldwide to fix faulty brake control software that could increase the risk of a crash.
The recall covers some Nissan Pathfinders from the 2013 and 2014 model years, as well as the 2013 Infiniti JX35 and its successor model, the 2014 QX60.
Nissan says that during light braking on rough roads, the antilock brake software could cause longer-than-expected stopping distances. The company said no crashes or injuries have been reported.
Nissan will notify owners within 60 days, and dealers will reprogram the antilock brakes free of charge.
The recall includes nearly 152,000 SUVs in the U.S. and roughly 36,000 in China, Canada, Mexico and other countries, the company said.
The Pathfinders were built between April 18, 2012, and Sept. 20 of this year. The JX35s were built from Sept. 15, 2011, to Jan. 16 of this year, while the QX60s were built from Jan. 17 to Sept. 20 of this year.
Owners with questions can contact Nissan at 1-800-647-7261.
SEC considers rules for startups to ‘crowdfund’
WASHINGTON – Startup companies would be able to sell stock over the Internet to small-time investors under rules put forth Wednesday by federal regulators.
So-called "crowdfunding" has been popular for years as a means for financing independent films, art projects and charitable causes. Last year Congress said startups could use crowdfunding for raising capital, once regulations are in place to protect potential investors.
The Securities and Exchange Commission took a step toward that by voting 5-0 to send crowdfunding rules out for public comment. Final rules could be approved next year.
T-Mobile to offer free data service for tablets
SAN FRANCISCO – T-Mobile will give owners of iPads and other tablet computers free data service for life as part of an effort to broaden its customer base beyond phones.
The free service would be limited to 200 megabytes of high-speed data per month —enough to upload about 800 Instagram photos or listen to more than three hours of streaming music, the company said.
T-Mobile US said the free service comes with no obligations.