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  • CHICAGO, Nov 21- A judge ruled on Friday that an Illinois law aimed at easing the state's huge unfunded pension liability is unconstitutional, handing a victory to labor unions and state retirees who challenged the law and an initial defeat to the state's efforts to fix its sagging finances. The judge rejected the state's argument that public workers and...

  • WASHINGTON, Nov 21- U.S. House of Representatives Speaker John Boehner said on Friday that President Barack Obama's executive action on immigration had sabotaged chances for bipartisan legislation and vowed to lead a fight to block the order. Obama is set to sign the order, the biggest U.S. immigration changes in a decade, later on Friday at a high school in Las...

  • NEW YORK, Nov 21- The morning after President Barack Obama announced his sweeping action to overhaul the U.S. immigration system, conservative groups and states were already pulling together legal strategies to dismantle the plan. Opponents said there will likely be a three-pronged legal approach to stymie Obama's moves: Congress could sue the president for...

  • Ford's new F-150 to get 26 mpg, tops among pickups Friday, 21 Nov 2014 | 11:57 AM ET

    DEARBORN, Mich.— Ford said Friday that its new aluminum-bodied F-150 pickup will get up to 26 mpg on the highway, making it the most fuel efficient gas-powered full-size pickup. With gas now averaging $2.84 per gallon, the aluminum F-150 will save the average buyer only $100 to $200 a year in fuel costs over competing gasoline models from General Motors and...

  • SAN FRANCISCO/ WASHINGTON, Nov 20- President Barack Obama plans to make life a little easier for some foreign tech workers, but Silicon Valley representatives are disappointed that his immigration rule changes will not satisfy longstanding demands for more visas and faster green cards. The president's moves will make it easier for entrepreneurs to work in...

  • WASHINGTON/ NEW YORK, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator...

  • Obama's immigration tweaks leave Big Tech wanting more Thursday, 20 Nov 2014 | 7:21 PM ET

    SAN FRANCISCO/ WASHINGTON, Nov 20- Silicon Valley expects President Barack Obama to make life a little easier for foreign workers, but tech industry representatives were disappointed that his immigration rule changes will not satisfy longstanding demands for more visas and faster green cards for high-skilled employees. The president's moves will make it...

  • Takata warns about ability to fix deadly air bag Thursday, 20 Nov 2014 | 7:07 PM ET
    A Takata employee sews an airbag at Takata's current crash-testing facility in Auburn Hills, Michigan.

    An executive from Japan's Takata Corp told U.S. senators on Thursday that the company may not be able to move quickly enough with air bag fixes.

  • *Senators push Takata to expand recall across U.S. *Takata admits it may have a parts shortage. WASHINGTON/ DETROIT, Nov 20- An executive from Japan's Takata Corp told U.S. senators on Thursday that the supplier is urgently trying to ramp up replacement parts for millions of vehicles equipped with potentially deadly air bags, but said it may not be able to move...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a powerful U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. The public airing of concerns about banks' ownership of physical commodities and assets from...

  • *Senators push Takata to expand recall across U.S. *Takata stops short of taking "full responsibility" for deaths. WASHINGTON/ DETROIT, Nov 20- An executive from Japan's Takata Corp apologized at a Senate hearing on Thursday to the victims of defective air bags that can rupture upon deployment and shoot metal shards into cars, but stopped short of taking full...

  • *Arizona says "hundreds of thousands" put at risk. Nov 20- In the first lawsuit brought by a state against General Motors Co over recalls relating to a defective ignition switch, Arizona has accused the company of putting the public at risk by concealing safety issues and delaying the recalls. Documents produced to U.S. Congress and federal safety regulators...

  • Arizona sues General Motors over delayed recalls Thursday, 20 Nov 2014 | 1:38 PM ET

    PHOENIX— Arizona's attorney general has sued General Motors for failing to recall millions of cars and trucks with safety defects the auto giant did not disclose for years. Attorney General Tom Horne said Thursday that he sued under the state's consumer fraud statutes and is seeking a $10,000 fine for each of hundreds of thousands of defective vehicles sold...

  • *Senators push Takata to expand recall across U.S. *Takata insistent that regional recall is sufficient. WASHINGTON/ DETROIT, Nov 20- Executives from Japan's Takata Corp and two automakers faced tough scrutiny from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday rebutted allegations made by a powerful U.S. Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley, which will also address the panel, have both made major moves to...

  • Nov 20- General Motors Co:.

  • *Takata, auto execs to testify at U.S. hearings. *BMW backs Takata air bag output shift to Germany. WASHINGTON/ TOKYO, Nov 20- Executives from Japan's Takata Corp and two automakers will face tough questions from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into cars.

  • *Arizona says "hundreds of thousands" put at risk. *Arizona seeking estimated $3 bln- New York Times. Arizona was seeking an estimated $3 billion from GM, the New York Times reported.

  • *Takata, auto execs to testify at U.S. hearings Thursday. *BMW to shift Takata air bag output to Germany from Mexico. WASHINGTON/ TOKYO, Nov 20- Takata Corp faces a long battle to gauge the fallout from a fast-moving air bag crisis as recalls mount up, adding to the costs for the loss-making Japanese auto parts maker.

  • Nov 19- Creditors of GT Advanced Technologies complained in a bankruptcy court filing that the sapphire company may have gotten too little in its proposed settlement with Apple Inc over legal claims stemming from a deal to supply sapphire screens. GT Advanced shocked investors by filing for bankruptcy in October in a case that was initially shrouded in...