CNN Money: Top business headlines for August 19

    7:01 AM, Aug 19, 2013   |    comments
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    NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Monday, August 19.

    Kale Gober to leave Henderson State for Razorback fundraising position
    Kale Gober, athletic director at Henderson State, has been named assistant athletic director for development at the University of Arkansas. Gober, a native of El Dorado, has been at HSU the past three years. The 2010 Arkansas Business 20 in the 20s alum will lead development efforts for the athletic department and coordinate major gift fundraising with the Razorback Foundation. "I am extremely honored and excited to be joining a great, tradition-rich program such as the Razorbacks," Gober said. "I appreciate Jeff Long giving me this professional opportunity to be part of one of the nation's most competitive intercollegiate athletics programs."

    Postal Service applies old promise to new priority
    The Postal Service is identified with a promise that neither snow nor rain nor heat nor gloom of night would stay its couriers from the swift completion of their appointed rounds. But the Internet? Don't ask. Although ways to communicate online have made untold billions of pieces of first-class mail vanish, costing the Postal Service untold billions of dollars in revenue, there is a silver lining: strong growth in delivering packages that consumers order through e-commerce. Reflecting that, the Postal Service has been devoting more attention to its delivery services, including changes announced last week in Priority Mail that were described as major upgrades.

    GM to recall nearly 300,000 Chevrolet Cruze cars
    General Motors has announced plans to recall nearly 300,000 Chevrolet Cruze cars from model years 2011 and 2012 due to a problem with their brake assist systems. GM (GM, Fortune 500) spokesman Alan Adler said that in Cruzes with six-speed automatic transmissions and 1.4 liter turbo engines, there is the potential for "intermittent loss of brake assist," forcing drivers to apply extra pressure on their brake pedals to stop their vehicles.

    Big Wheel-like trike for grown-ups turns heads
    Still miss that Big Wheel trike that your mom sold in the yard sale - decades ago? Nostalgic grown-ups now have a head-turning adult option: the High Roller. Unlike the Big Wheel for kids, which sells for $59.99, the adult-targeted High Roller - which comes with an extra-cushy seat made with 4 inches of plush foam - fetches a cool $599.99. And, yes, it comes complete with a bell and handle-bar tassels. But it's not Jakks Pacific, the current owner of the Big Wheel brand, that's making the adult-size version. At least, not yet. Jakks tells USA TODAY that it, too, plans to roll out an adult-targeting Big Wheel. But that one, for about $400, won't be available until 2014, says Ron Cohen, president of the Kids Only division of Jakks Pacific.



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