Americans stay away from expensive Sochi

CNNMoney: Many American winter sports fans will stay away from next month's Sochi Winter Olympic Games, put off by the eye-watering cost and hassle of traveling to the Russian resort. Tour operators say the Winter Olympics, which begin next week, will be the most sparsely attended by U.S. citizens in decades. Little wonder when the bill for attending Sochi -- pegged at $7,000 to $14,000 per person for a weeklong stay -- is prohibitively expensive for most.

 

Google's outsized ad growth offsets steep price decline

Reuters: Google Inc.'s quarterly revenue beat Wall Street's target despite an ongoing decline in prices for its online ads and deepening losses at Motorola, the handset-making division to be sold to China's Lenovo Group Ltd. Shares of Google, which have risen more than 20 percent in the past three months, rose nearly 4 percent to $1,178 in after-hours trading on Thursday.

 

Toyota tells U.S. agency that heated seats aren't fire retardant

Reuters: Toyota Motor Corp. has alerted U.S. safety officials that the seat material in several vehicles, including its top-selling Camry sedan, fails to meet fire retardation standards and could result in a recall. Toyota said on Thursday that it had stopped selling eight recent-model vehicles equipped with seat heaters in North America following an advisory about fire risk from South Korean safety officials. The world largest automaker said it did not believe a recall was necessary, however.