Cheddar morning business update 10/13: Tesla recalls 11,000 of its SUVs

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EDISON -

Top morning business and technology headlines for Oct. 13, 2017: 

  • AT&T says it lost 390,000 traditional video subscribers in the last quarter and gained about 300,000 subscribers to its less-expensive streaming service, DirecTV Now. It's yet another sign that so-called “cord cutters” are putting pressure on traditional media companies.
  • A big recall for Tesla. The electric car maker is recalling about 11,000 Model X SUVs - nearly all of the vehicles on the road - because of possible issues with their second-row seats. Tesla says it can fix the problem in about 10 minutes and only 3 percent of the recalled cars will actually have the issue.
  • The California wildfires could send the price of legal marijuana higher. The “New York Post” reports the fires have destroyed at least six of the area's legal marijuana farms and could put the farmers out of business. Insurance isn't available for marijuana growers like it is with many other crops because it's not legal on a federal level.

  • BusinessMore>>

  • Trump officials fight eviction from Panama hotel they manage

    Trump officials fight eviction from Panama hotel they manage

    Saturday, February 24 2018 11:55 AM EST2018-02-24 16:55:21 GMT
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    One of President Donald Trump's family businesses is battling an effort to physically evict its team of executives from a luxury hotel in Panama where they manage operations.
    One of President Donald Trump's family businesses is battling an effort to physically evict its team of executives from a luxury hotel in Panama where they manage operations.
  • Tokyo returns with Summer Games with something new to prove

    Tokyo returns with Summer Games with something new to prove

    Saturday, February 24 2018 11:45 PM EST2018-02-25 04:45:45 GMT
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    (AP Photo/Koji Sasahara, File). FILE - In this April 28, 2017, file photo, a woman looks at the construction site of the new National Stadium for the 2020 Tokyo Olympics and Paralympics in Tokyo. Tokyo used its famous 1964 Olympics to show off a miracu...(AP Photo/Koji Sasahara, File). FILE - In this April 28, 2017, file photo, a woman looks at the construction site of the new National Stadium for the 2020 Tokyo Olympics and Paralympics in Tokyo. Tokyo used its famous 1964 Olympics to show off a miracu...
    Tokyo ready for its second Summer Games determined to show the rest of the world that it has not fallen behind other economic powers in East Asia.
    Tokyo ready for its second Summer Games determined to show the rest of the world that it has not fallen behind other economic powers in East Asia.
  • Dropbox seeking to raise $500 million in stock market debut

    Dropbox seeking to raise $500 million in stock market debut

    Friday, February 23 2018 7:15 PM EST2018-02-24 00:15:02 GMT
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    Online document storage service Dropbox is opening its files in an initial public offering of stock.
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