US agency warns car owners to get air bags fixed

FILE - This Feb. 3, 2010 file photo shows a palm tree behind a Toyota sign at Earl Stewart Toyota in North Palm Beach, Fla. Toyota is recalling 247,000 vehicles in high-humidity areas as an air bag problem that has plagued most of the auto industry continues to widen. The recall covers vehicles in South Florida, along the Gulf Coast, in Puerto Rico, Hawaii, the U.S. Virgin Islands, Guam, Saipan and American Samoa. (AP Photo/Wilfredo Lee, File)

DETROIT (AP) — A potential safety crisis over defective air bags widened Monday as the U.S. government issued an urgent plea to more than 4.7 million people to get their cars fixed.

Survey: Pay raises rarer despite strong US hiring

FILE - In this Aug. 19, 2014 file photo, Freddy Jerez, of Hollywood, Fla., fills out a job application during a job fair in Sunrise. Fla. A quarterly survey by the National Association for Business Economics released Monday, Oct. 20, 2014 found that only 24 percent of companies increased wages and salaries in the July-September quarter. That's down from 43 percent in the April-June quarter and the first drop after three straight increases. (AP Photo/Alan Diaz, File)

WASHINGTON (AP) — U.S.

Why drop in oil prices has downside for US economy

FILE - In this Sept. 30, 2014 file photo, Dana Ripley, of Winthrop, Mass., fills the gas tank of his truck at a service station in Andover, Mass. A swoon in the price of oil is lowering fuel bills for drivers, shippers and airlines, but it is not without downsides for both the U.S. oil boom and the broader economy. (AP Photo/Charles Krupa, File)

NEW YORK (AP) — If you’re a driver, a shipper or an airline, low oil prices sure feel nice.

How Frenchman’s Nobel research could aid consumers

This undated photo provided Monday, Oct. 13, 2014 by the TSE (Toulouse School of Economics) shows French economist Jean Tirole. Tirole won the Nobel prize for economics Monday for research on market power and regulation that has helped policy-makers understand how to deal with industries dominated by a few powerful companies. (AP Photo/Toulouse School of Economics)

U.S. consumers might be paying less than they are for cable and Internet access if regulators had followed the guidance of Jean Tirole in promoting industry competition.

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