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BC-Business News Digest

⿿ OVERSEAS SHIPHOLDING-BANKRUPTCY ⿿ Tanker operator Overseas Shipholding files for Ch. 11 bankruptcy protection.

⿿ WIND TAX CREDIT ⿿ 28 governors call on Congress to renew wind energy tax credit due to expire at year's end.

⿿ EARNS-ABERCROMBIE & FITCH ⿿ Abercrombie & Fitch Co.'s stock are surging after the teen retailer raised its full-year earnings guidance.

⿿ BERKSHIRE HATHAWAY-NEWSPAPER CLOSING⿿ Warren Buffett's company is planning to close a small Virginia newspaper that it bought from Media General earlier this year.

AUTOS

AUTO SAFETY

WASHINGTON ⿿ The government should require automakers to make the latest collision prevention technologies standard equipment on all new cars and trucks, a move that could reduce fatal highway accidents by more than half, federal accident investigators say. By Joan Lowy.

AP Photos.

JAPAN-TOYOTA RECALL

TOKYO ⿿ Toyota Motor Corp. is recalling 2.8 million vehicles around the world for a water pump problem and a steering shaft defect that may result in faulty steering ⿿ the latest in a spate of quality woes for Japan's top automaker. By Business Writer Yuri Kageyama.

TECHNOLOGY & MEDIA

DIGITAL LIFE-TECH TEST-GOOGLE TABLET

NEW YORK ⿿ When I first turned on Google's new tablet computer, I immediately thought of it as a media player ⿿and the latest incarnation of Google's effort to challenge Apple and Amazon by selling digital movies, books and other content. Because of that emphasis, I wasn't thinking of it as an alternative to Apple's general-purpose iPad ⿿even with a price tag that's $100 cheaper, starting at $399. But after more thought and time with the Nexus, I came to realize it works as a general-purpose tablet, too. By Technology Writer Anick Jesdanun.

AP Photos.

With:

⿿ DIGITAL LIFE-TECH TEST-GOOGLE TABLET-COMPARISONS

MICROSOFT-SURFACE-LAWSUIT

LOS ANGELES ⿿ A California lawyer is suing Microsoft Corp., claiming the Surface tablet he bought doesn't have all the storage space the company advertised. By Business Writer Ryan Nakashima.

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