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American Grounds All 757 Aircrafts

Thursday, 4 Oct 2012 | 7:26 PM ET

The FDA recalled a contaminated batch of a steroid drug given by spinal injection for back pain, and American Airlines is grounding all 48 of its Boeing 757 aircrafts as they fix the seat lock mechanism that was the cause of seats coming loose, reports CNBC's Seema Mody.