Bank of America Says It’s Ready to Exit TARP

Bank of America has told U.S. regulators that it has met the final condition that was set on its plan to exit the government’s Troubled Asset Relief Program. BofA, which repaid $45 billion in TARP funds in December 2009, needed…

Seat Problem Prompts Volvo to Recall 7,420 Vehicles

Swedish automaker Volvo is recalling 7,420 sedans and wagons to fix seats that may allow front passengers to move the seats too far forward, putting them at risk of injury in a crash, federal safety officials said Monday.
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