ALSO IN BUSI­NESS

The Washington Post - - ECONOMY & BUSINESS -

More than 500,000 child car seats made by Diono (for­merly Sun­shine Kids Ju­ve­nile) are be­ing re­called be­cause they may not ad­e­quately pro­tect chil­dren in a crash. The re­call cov­ers the Ra­dian R100, Ra­dian R120, Ra­dian RXT, Olympia, Paci­fica and Rainier con­vert­ible and booster seats made between Jan­uary 2014 and last month. The Na­tional High­way Traf­fic Safety Ad­min­is­tra­tion said Thurs­day that when the seats are se­cured us­ing a lap belt with­out the top tether, chil­dren over 65 pounds have a greater risk of chest in­jury in a crash.

Ris­ing en­ergy costs caused prices at the whole­sale level to climb 0.4 per­cent in Septem­ber. The La­bor Depart­ment said Thurs­day that its pro­ducer price in­dex, which mea­sures in­fla­tion pres­sures be­fore they reach the con­sumer, has risen 2.6 per­cent over the past 12 months.

Septem­ber’s burst of in­fla­tion is likely the re­sult of oil re­finer­ies shut­ter­ing along the Gulf of Mex­ico due to Hur­ri­cane Har­vey in Au­gust. As a re­sult, gaso­line prices surged 10.9 per­cent. Food costs were un­changed last month. A less volatile mea­sure of in­fla­tion, which ex­cludes food, en­ergy and trade ser­vices, rose 0.2 per­cent in Septem­ber.

Tesla is re­call­ing 11,000 Model X SUVs world­wide be­cause their rear seats might not lock into place. The re­call in­volves ve­hi­cles with fold-flat sec­ond-row seats made between Oct. 28, 2016, and Aug. 16, 2017. Tesla said some ca­bles in the seat may have been im­prop­erly tight­ened, which pre­vents the left seat from lock­ing in an up­right po­si­tion. That could cause the seat to move for­ward dur­ing a crash.

Bank­ing giant Cit­i­group said Thurs­day that its third-quar­ter prof­its in­creased 8 per­cent from a year ear­lier, helped by a boost in its in­vest­ment bank­ing di­vi­sion. Cit­i­group said it earned $4.13 bil­lion, or $1.42 per share, com­pared with a profit of $3.84 bil­lion, or $1.24 per share, in the same pe­riod a year ear­lier.

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