CNN Money's Maribel Aber has the latest business and financial news for Monday, June 17.
NEW YORK, NY (CNN) - CNN Money's Maribel Aber has the latest business and financial news for Monday, June 17.
Did you know midtown Little Rock's Clarion Hotel Medical Center is under new ownership after a $5 million foreclosure sale? Windsor Capital Ltd. of San Antonio bought the 262-room project at 925 S. University Ave. You might recall that the property was ensnared in the financial travails of development partners Bruce Burrow of Jonesboro and Marty Belz of Memphis. Meanwhile in west Little Rock, the 121-room Value Place Hotel changed hands in a $4.08 million deal. Value Place Little Rock AR West LLC of Wichita, Kansas, purchased the project at 21 Remington Drive.
General Motors recalled another 3.36 million vehicles worldwide Monday for a problem the company has linked to eight crashes and six injuries. That brings the total number of cars recalled by the company this year to more than 20 million. The new recall affects cars from model years 2000 through 2014. The ignition switch can move out of the run position, turning off power steering and power braking while the car is being driven. Extra weight on the key chain can jostle the ignition when the vehicle strikes something in the road like a pothole. Some model years of the Chevrolet Impala, Cadillac Deville and DTS, as well as the Buick Lacrosse, Lucerne and Regal are included in this recall.
PayPal revolutionized the way we buy things online, but Klarna is the next big thing in Internet payments, according to famed venture capitalist Michael Moritz. Moritz made early investments in Google (GOOGL, Tech30), LinkedIn (LNKD, Tech30), Yahoo (YHOO, Tech30) and eBay's (EBAY, Tech30) PayPal. His firm, Sequoia Capital, has been investing millions in Klarna over the past few years. He is impressed with how the Swedish company's technology makes online transactions easier, cutting out passwords and the traditionally slow registration process.
Your lights are off and your doors are locked, but if you've got a "smart home" system, you may be offering cops a window into your house. Smart home technology is the latest craze among big tech and telecom companies, which are rolling out products that allow people to remotely control things like lights and locks and view footage from security cameras via mobile devices. Apple (AAPL, Tech30) became the latest company to get in on the act earlier this month, unveiling a new software platform called HomeKit that will allow people to manage their connected devices with their iPads or iPhones.