Business News Roundup, Aug. 5

Auto safety regulators in two countries are investigating another deadly air bag problem that could affect up to 8 million vehicles.

Investigators in the U.S. and Canada are looking into a crash in Newfoundland in which a woman was killed by an exploding air bag inflator made by ARC Automotive Inc. of Knoxville, Tenn.

Authorities say the woman was killed July 8 when the ARC inflator ruptured and sent shrapnel into the passenger compartment of 2009 Hyundai Elantra she was driving.

Without the shrapnel, the driver likely would have survived the low-speed crash, Canadian officials said.

Earnings, adjusted for stock option and pretax expenses, came to $1.13 per share.

The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The online professional networking company, which agreed to be bought by Microsoft for $26.2 billion in June, posted revenue of $932.7 million in the period, also beating forecasts.

Fannie Mae reported net income of $2.9 billion from April through June, down from a year earlier as low interest rates brought losses for the mortgage giant on its investments.

The second-quarter results released Thursday marked the 18th straight profitable quarter for the government-controlled company, which will pay a dividend of $2.9 billion to the U.S. Treasury next month.

Delta Air Lines says it’s investigating an Ohio Muslim couple’s claim that they were removed from a flight from Europe after an airline employee singled them out because of their appearance.

The Council on American-Islamic Relations Cincinnati chapter alleged Thursday that Delta removed the suburban Cincinnati couple from the flight because an airline employee wasn’t comfortable having them on the plane.