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January 11, 2017 05:35 AM

Wednesday Morning Business Brief - January 11

Tokyo (AP)

European share benchmarks are lower, reversing strong dollar-driven gains in Asia, ahead of a press conference by President-elect Donald Trump. U.S. shares are also set to drift lower, with Dow futures down nearly 0.1 percent and S&P futures down 0.2 percent.

TOKYO (AP) - Honda Motor Co. says it's recalling 772,000 additional Honda and Acura vehicles in the U.S. for defective front passenger seat air bag inflators made by Japanese supplier Takata. The vehicles are part of an expanded recall of 1.29 million vehicles, including those affected by earlier recalls.

PARIS (AP) - Airbus delivered a record number of planes last year despite engine and cabin production problems, even as new orders slumped for the European manufacturer and its U.S. rival Boeing. Airbus says it delivered 688 planes over the year, primarily in the single-aisle A320 family, compared with 635 in 2015.

LONDON (AP) - The World Economic Forum says "rising income and wealth disparity" is likely to be the biggest driver in global affairs over the next ten years. The WEF says there is a need to reform market capitalism to remedy fractures in society evident in a surge in anti-establishment populism around the world.

BERLIN (AP) - Germany's Cabinet has approved legislation meant to help ensure that men and women receive equal pay for doing equivalent work. Under the draft law passed today, workers in companies with 200 employees or more will be legally entitled to information on what criteria they are paid under.
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