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Tips for safeguarding financial records
Tire Review
Some natural disasters are more common in the summer. But major events such as hurricanes, tornadoes and fires can strike at any time, so it's a good idea to plan for what to do in case of a disaster. You can help make your recovery easier by keeping your tax and financial records safe. Here are some basic steps you can take now to prepare.
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Auto execs face life in prison for recall delays under proposed legislation
Autoblog
U.S. Sen. Claire McCaskill, D-Mo., threw down the gauntlet recently, proposing a bill that could send auto executives to prison for life if they were found to have delayed a recall. She also wants to eliminate the limit for fines for auto safety violations, which are currently capped at $35 million. The stiff punishments are part of broader transportation legislation, but clearly McCaskill has automakers in her sights.
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Kukui adds tire module to software
Tire Business
Kukui Corp., a developer of marketing software solutions for the automotive repair industry, has added a tire module to its platform. The company said its tire module will enable Kukui clients who sell tires to market their products and services online, with the online component easily integrating into a tire retailer or automotive repair center's website to guide consumers through the tire purchasing process.
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US trade victory vs. China applauded
Tire Business
Both the United Steelworkers union and the Alliance for American Manufacturing hailed the U.S. victory before the World Trade Organization in protesting China’s export restraints on rare earths, tungsten and molybdenum. The WTO’s Appellate Body ruled Aug. 7 to uphold a dispute settlement panel's March 2014 decision that China’s export restraints on those substances are inconsistent with its WTO obligations. Those restraints, according to U.S. Trade Representative Michael Froman, included export quotas, export duties and related export quota administration requirements.
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Tips for safeguarding financial records
Tire Review
Some natural disasters are more common in the summer. But major events such as hurricanes, tornadoes and fires can strike at any time, so it's a good idea to plan for what to do in case of a disaster.

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Mastering the fine art of pricing
Modern Tire Dealer
Price, price, price, price, price, price, price…everybody is talking about tire prices. Independent tire dealers have a lot to say about this subject, and rightly so. Tire dealers are talking about all phases of tire pricing, what they pay for tires and what they charge (or can charge) for tires.

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10 ways to guarantee your best people quit
By Mel Kleiman
Are you tired of working with good employees? Looking for ways to ensure that your best people leave? Follow these 10 easy steps to guarantee your best people quit.

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As consumer confidence soars, businesses scramble to catch up
By Katina Smallwood
The U.S. job market is showing signs of warming as small businesses and high-wage jobs are beginning to hire again. In July, the Consumer Confidence Index reached 90.9, the highest level since October 2007, marking the sixth straight month of job gains this year. Along with job gains, consumer spending increased by 0.4 percent in June. The harsh winter, a lagging housing market and inflation all had negative impact on the economy during the first half of the year, but things have heated up along with the weather.
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The least and most expensive states to drive
Money
Bankrate.com released the results of a new study about the least and most expensive states to own a vehicle, and a few of the places featured at the pricey end may seem particularly puzzling. Using state-by-state data concerning driver spending on car repairs, insurance, and gas gathered fromCarMD.com, GasBuddy.com, the Bureau of Labor Statistics, and the National Association of Insurance Commissioners, Bankrate researchers found the following.
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Tire Rack compares 4 all-season tires
Modern Tire Dealer
Tire Rack Inc. compared four standard touring all-season tires in the third set of results released from its 19th annual tire testing season. According to Tire Rack, results conclude that all four tires in this test drove and performed well with Continental's latest standard touring all-season tire, the True Contact with EcoPlus Technology, providing an edge over the competition in fuel efficiency, plus both dry and wet traction.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    10 ways to guarantee your best people quit (By Mel Kleiman)
Tariff update: Can you afford to raise tire prices by 88 percent just to break even? (Modern Tire Dealer)
10 tax tips for new business owners (Fox Business)
Michelin unveils tire for high-clearance sprayers (Modern Tire Dealer)
Tire pressure sensors, aerosol inflators don't mix (Boston Herald)

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Safelite Auto Glass scrutinized by consumer attorneys
Consumer Eagle
Virtually every car owner has experienced the sinking feeling that comes with driving down the highway and having a pebble or piece of debris chip or crack their windshield. Most auto insurance policies provide coverage for windshield repair, but where and when those repairs take place — and how much they cost — form the basis of controversies playing out across the nation. Safelite Group, an Ohio-based conglomerate that owns both the country’s largest auto glass company, Safelite Auto Glass, and the biggest third-party insurance administrator, Safelite Solutions, is in the sights of consumers and consumer attorneys. They suspect the company may be charging insurance customers one price and retail customers another.
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US transportation secretary urges public to press Congress for long-term funding fix
Charleston Daily Mail
Although Congress bought a little time by passing a short-term transportation fix recently, U.S. Department of Transportation Secretary Anthony Foxx said it's time for the country to confront and solve transportation and infrastructure problems if it wants to move forward. Foxx hosted a virtual town hall where he answered questions from the public about concerns regarding transportation funding concerns. Before Congress voted to pass a 10-month funding measure, money in the Federal Highway Trust Fund was set to run out and the fund's charter was set to expire in September.
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Bridgestone earns nearly $1.4 billion in 1st half
Modern Tire Dealer
Bridgestone Corp. reported net income of 142 billion yen on net sales of 1.7 trillion yen for the first half ended June 30, 2014. That compares to income of 117 billion yen on sales of nearly 1.7 trillion yen for the same period last year. Based on the exchange rate on June 30, Bridgestone recorded net income of nearly $1.4 billion on net sales of $17.2 billion for the first half. Its income-to-sales ratio was 8.3 percent.
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Colby Horton, Vice President of Publishing, 469.420.2601
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