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December 29, 2014 01:55 PM

Monday Afternoon Business Brief

New York

Stocks have been mostly higher in afternoon trading, as Wall Street winds down the year in a holiday-shortened week. Asian markets roses after Chinese regulators announced measures to stimulate the economy. European indexes were mixed as Greece heads for early elections that could endanger its bailout program.

  • NEW YORK (AP) - Fiat Chrysler is recalling about 67,000 Dodge Dakota, Dodge Ram and Mitsubishi Raider pickup trucks from the model years 2006 and 2007 because of a problem that could prevent the cars from starting, or cause them to move when the ignition key is turned. The company says a wire in the clutch ignition interlock switch could break. Chrysler says one death is associated with the problem.
     
  • NEW YORK (AP) - The Japanese air bag maker Takata has hired an American attorney, as it continues to resist demands by U.S. regulators that it recall all driver's side air bags in vehicles across the United States. Takata says he lawyer (Bruce Angiolillo) will oversee the company's legal and regulatory issues at its North American unit. Takata says he will work with the National Highway Traffic Safety Administration and other regulators to resolve problems with its air bags. Several automakers have recalled Takata's air bags because they can explode and send shards flying at drivers and passengers.
        
  • NEW YORK (AP) - Shake Shack is bringing its burgers, milkshakes and crinkle-cut fries to Wall Street. The New York-based premium burger chain has filed for an initial public offering, hoping to raise as much as $100 million. It plans to use the money raised to open more restaurants. Shake Shack cooks its burgers to order and promotes its use of natural ingredients, including hormone- and antibiotic-free beef.
        
  • WASHINGTON (AP) - Being uninsured in America will cost you more in 2015. It's the first year all taxpayers have to report to the Internal Revenue Service whether they had health insurance for the previous year, as required under President Barack Obama's law. Those who were uninsured face fines, unless they qualify for one of about 30 exemptions, most of which involve financial hardships.
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