The National Highway Traffic Safety Administration will decide whether to open a full-fledged investigation into possible acceleration problems with the Honda Accord gas-electric hybrid, according to documents posted on the federal agency's website Monday. An unidentified woman filed a complaint seeking an investigation and recall of the 2005 Accord Hybrid after a crash in July 2005 that left her injured and a passenger dead. Several people in other cars were injured, the documents said. About 25,000 vehicles would be affected by an investigation, NHTSA said.
Netflix's new Internet plan
Netflix introduced a new plan Monday that, for the first time, relies solely on video streamed over the Internet rather than the DVDs that it has mailed to customers since the company was founded more than a decade ago. The company also announced it will raise prices on plans that include physical DVDs. The monthly subscription for unlimited streaming and one mail-order DVD at a time will rise $1 to $9.99. The streaming-only plan will cost $7.99 a month.
Humana to buy Concentra
Health insurer Humana Inc. plans its first broad foray into health care delivery in nearly two decades with its intended purchase of Concentra Inc. in an approximately $790-million cash deal announced Monday. Concentra, a privately held health care company based in Addison, Texas, delivers occupational medicine, urgent care, physical therapy and wellness services from more than 300 medical centers in 42 states. The transaction, which still needs regulatory approval, is expected to close next month.
A mixed day for stocks
Stocks pared their losses and ended narrowly mixed Monday amid anxiety over Europe's financial crisis and a widening probe into insider trading on Wall Street. Bank shares slumped after the FBI raided the offices of two hedge funds as part of a broad insider trading probe. Bank stocks were already under pressure because of concerns over how the bailout of Ireland announced over the weekend would affect their investment portfolios and ability to increase dividends. But retail and consumer goods stocks rose on hopes that shoppers will be in a spending mood the day after Thanksgiving. The Dow Jones industrial average fell 24.97 points to 11,178.58 and the Standard & Poor's index fell 1.89 to 1,197.84. But the Nasdaq composite index rose 13.90 to 2,532.02
Economists see slow growth
A survey of business economists released Monday reveals that many think that the U.S. economy will continue to grow slowly in the face of high unemployment. The National Association of Business Economists survey found that respondents expect the U.S. economy will grow 2.7 percent this year and 2.6 percent in 2011. Growth at that pace will not likely put a large dent in the nation's 9.6 percent jobless rate. The 51 members surveyed by the group said they also expect consumer spending to remain modest, with this year's holiday retail sales expected to rise just 2.5 percent from last year.
-From wire reports