Breaking News

Some 2.1 million vehicles produced by Toyota Motor Corp, Fiat Chrysler Automobiles NV and Honda Motor Co are being recalled to fix a potentially defective chip that could cause air bags to deploy inadvertently, U.S. federal vehicle safety regulators said Saturday. The vehicles were subject to three earlier recalls, but the National Highway Traffic Safety Administration said in a statement that "a small number of vehicles" fixed under those earlier actions had experienced inadvertent air bag deployments. The recalls were not related to a wider issue involving millions of vehicles recalled over Takata Corp air bags.

A U.S. Treasury official and a director at the New York Federal Reserve are among those who have been considered to replace two hawkish Fed policymakers, according to people familiar with the searches. Final decisions are not imminent in the efforts to find successors to Philadelphia Fed President Charles Plosser, who steps down March 1, and Richard Fisher of the Dallas Fed, who retires on March 19. Matthew Rutherford, whose stint as Treasury's top domestic finance official ended on Friday, was under consideration at least in early stages of the searches, according to three sources. James McAndrews, who heads up research at the neighboring New York Fed, was considered for the job in Philadelphia, where he once worked.

ROME (AP) — Italian lawmakers elected Sergio Mattarella, a Constitutional Court justice widely considered to be above the political fray, as the nation's new president on the third day of voting Saturday.