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DETROIT >> New rankings from the insurance industry show that the Audi Q7, Lexus RX and Toyota Prius have the easiest-to-use anchors for child seats.
The Insurance Institute for Highway Safety evaluated LATCH systems in 170 vehicles. LATCH stands for Lower Anchors and Tethers for Children.
The U.S. has required LATCH in rear seats since 2002. But the institute says many systems are hard to use, which makes it more likely that child seats will be incorrectly installed.
The institute evaluated both seat-level anchors and seat-mounted tethers.
The best performers had anchors that were easy to maneuver and didn’t require much force to snap in a car seat. They also had more than the required minimum number of anchors.
The Ford Fiesta, Chevrolet Silverado and Infiniti Q70 were among the worst performers.
UPS to raise rates by average 4.9%
UPS will increase rates on many basic delivery services by an average of 4.9 percent starting Dec. 26.
The higher rates will cover U.S. ground shipping, U.S. air freight and international shipping, and regular freight.
UPS said Thursday that the extra money will help pay for expansion and improvements.
United Parcel Service Inc. earned $2.4 billion in the first six months of this year, a 6 percent increase over the same period of 2015.
Yum says it will sell stake in China unit
NEW YORK >> Yum Brands says it will sell a stake in its China unit, which the parent company of KFC and Pizza Hut is spinning off later this year.
The company said Friday that it struck deals to sell stakes to private equity firm Primavera Capital Group and online and mobile financial services provider Ant Financial Services Group for a total of $460 million. It said Primavera founder Fred Hu also will become nonexecutive chairman of Yum China’s board.
The deal and the spinoff are expected to be completed Oct. 31. The company says shares of Yum China will begin trading on the New York Stock Exchange the next day under the ticker “YUMC.”
On the Move
Central Pacific Bank has promoted the following executives:
>> Arnold Martines to executive vice president and manager of commercial markets group. He was previously senior vice president and manager of commercial real estate lending and has been with CPB since 2004.
>> Scott Nahme to senior vice president and manager of commercial real estate lending division. He was previously senior vice president and commercial real estate senior manager and has been with CPB since 2011.
Hilton Hawaiian Village Waikiki Beach Resort has announced Jeffrey Yedlin as the resort’s director of food and beverage. He has 17 years of experience in the food and beverage industry, including serving as vice president of food and beverage at the Circus Circus Hotel and Casino, a part of MGM Resorts International in Las Vegas.
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