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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.