[naviga:h3]Daimler to recall over 1M cars over faulty wiring[/naviga:h3]

FRANKFURT, Germany — German automaker Daimler, maker of Mercedes-Benz cars, is recalling more than a million vehicles worldwide over a wiring defect that could unexpectedly trigger the air bag.

Germany’s dpa news agency reported Monday that 400,000 of the vehicles were registered in Britain and several hundred thousand in Germany, with other countries to follow.

Affected models include certain Mercedes-Benz A-Class, B-Class, C-Class and E-Class models, as well as CLA, GLC, GLK and V-Class.

Daimler says faulty wiring in the steering column means that static electricity could build up and set off the air bag when it wasn’t needed, dpa reported. The recalls are set to begin in the next several weeks when repair parts became available to ground the steering column and prevent the static buildup.

[naviga:h3]Nordstrom puts hunt for a buyer on hold[/naviga:h3]

NEW YORK — Nordstrom is halting, at least temporarily, the hunt for a buyer, sending shares down sharply at the opening bell Monday.

The Nordstrom family told a special committee at the upscale retailer that they may start up the search again after the end of the crucial holiday season.

In June, members of the Nordstrom family including co-presidents Blake, Peter and Erik Nordstrom, said they were weighing the acquisition of 70 percent of the department store’s stock that they don’t already own. That could give Nordstrom more flexibility to navigate a rapidly changing retail environment.

Department stores sales have been under financial pressure as more people shop online, at off-price retailers, or spend less money overall on clothing, which makes up a big part of Nordstrom’s business.

The Seattle retailer has been among the best performers in the department store arena, though its discount stores, called Nordstrom Rack, have been faring better than its department stores.

Shares of Nordstrom Inc. fell almost 5 percent to $40.80 in early trading.

[naviga:h3]Trump to discuss Fed job with Yellin[/naviga:h3]

WASHINGTON — Federal Reserve Chair Janet Yellen will meet with President Donald Trump Thursday to discuss the possibility of a second term as head of the central bank, a source familiar with the administration’s Fed search said Monday.

Trump has said Yellen is one of several candidates he is considering for the Fed’s top job. Yellen’s current term ends on Feb. 3.

Treasury Secretary Steven Mnuchin said last week that the president hopes to have a decision on the Fed position within a month.

Yellen, the first woman to head the nation’s central bank, was sharply criticized by Trump during the campaign as being too political in the way she handled the Fed job. Trump said she was keeping interest rates low to favor Democrats. But since taking office, Trump has not criticized Yellen and has instead praised her, saying she’s “done a good job” and favors low interest rates as he does.