Latest Business News: Tesla Recalls Some Model S Vehicles Due to Seat-mount Defect

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Electric car maker Tesla Motors Inc said it recalled some Model S cars manufactured between May 10 and June 8 due to a defect in the mounting bracket of the rear seat. Sony Corp's top investor Daniel Loeb will miss its shareholder meeting and attendees will not be considering his proposal to partially spin off the lucrative entertainment business. But his suggestion, which challenges whether Sony remains both a consumer electronics maker and a provider of music, movies and TV programs, will be the elephant-in-the-room at the annual gathering. In a recent report, the National Mortgage Settlement monitor comes to the conclusion that more than a year after the nation's five-largest mortgage servicers signed a $26 billion legal settlement with 49 state attorneys general and the U.S. Department of Housing and Urban Development over blatantly improper foreclosure procedures, those banks still need to do better.
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