Retail food prices in the U.S. on groceries such as coffee, meat and vegetables are expected to rise as much as 3.5 percent this year, as years of drought in states such as Texas and California drive up prices for many agricultural goods. This would be the biggest annual increase in three years.
General Motors Co. Chief Executive Officer Mary Barra recently announced three new vehicle recalls to fix a variety of problems. Faulty ignition switches in GM vehicles have been linked to a dozen deaths, and Barra vowed to change the way the automaker handles recalls. GM also announced that $300 million has been set aside to cover recall costs.
– Information compiled by Anthony Ahlegian