Toyota expands air bag inflator recall

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The markets extended its gains during the midday with the Dow leaping 131 points to 25,414. Nasdaq gained 18 points to 7175.


Toyota has expanded its recall of vehicles with Takata front passenger air bags to include an additional 601,300 cars in the United States. The air bag inflators can potentially inflate with excessive force and spray metal fragments causing injury. Over 100 million Takata air bag inflators have been recalled worldwide to fix the defective inflators.


Intel said that its Mobileye autonomous vehicle technology will be used by 2 million vehicles to create maps for self-driving cars. BMW, Nissan and Volkswagen have partnered with the chipmaker to build the support systems necessary for autonomous cars to successfully navigate roads. SAIC Motor will develop driverless cars in China using Mobileye technology.


In response to a request by two major shareholders, Apple has committed to including more robust parental controls to its devices. No specific tools were mentioned but the technology company said that more options will be made available to parents to monitor and control what their children do on iPhones and iPads. The California State Teachers' Retirement System and Jana Partners sent a letter to Apple yesterday outlining their concerns about smartphone addiction among children and youth.


In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 gained 8 points to 2,756. Bitcoin climbed $97 to $14,754.


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