U.S. retailers' sales will climb 3.4 percent this holiday season, slightly more than last year, a trade group is forecasting, even as companies expect more modest spending from consumers facing higher payroll taxes and economic uncertainty. Last year, sales in November and December climbed 3 percent excluding automobile, food and beverage-related sales, said Jesse Tron, a spokesman for the International Council of Shopping Centers, a New York-based trade group.
Berkshire Hathaway's paint company is looking for a new CEO for the second time in a little over a year. Benjamin Moore paints says Bob Merritt has left the company. Merritt took over the Montvale, N.J.-based firm in July 2012. Benjamin Moore didn't offer an explanation for the departure of Merritt, who previously led Outback Steakhouse. Benjamin Moore said it expects to announce a new CEO soon.
American Airlines says it will hire 1,500 new pilots over the next five years and offer jobs to the remaining pilots who are still furloughed. American said Monday that it would begin posting the new jobs and has already started hiring 1,500 flight attendants. Parent AMR Corp. is trying to merge with US Airways Group Inc. and exit from bankruptcy protection. Airlines have resumed hiring pilots in part because a large number are hitting a new mandatory retirement age of 65; it was raised from age 60 a little over five years ago.
Mazda is recalling 161,400 midsize cars in the United States because the doors can open while the cars are being driven. The recall affects Mazda 6 cars from the 2009 through 2013 model years. The company says the door latch mounting screws can loosen. That can stop the doors from latching. If the latches come loose, a “door ajar” light will warn drivers.