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  • Detroit revs up for approval of bankruptcy plan Friday, 25 Jul 2014 | 2:56 PM ET

    July 25- Detroit could be on the fast track to complete the final, crucial phase of its historic bankruptcy case, as settlements with key creditors line up and city workers and retirees demonstrate overwhelming support for cost-saving retirement benefit changes.

  • Business events scheduled for the coming month Friday, 25 Jul 2014 | 1:50 PM ET

    WASHINGTON— Labor Department releases employment data for July, 8:30 a.m.; Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m..

  • Feds probe Dodge Charger alternator complaints Friday, 25 Jul 2014 | 1:38 PM ET

    DETROIT— The U.S. government's road safety agency is investigating complaints about engine stalling and alternator failures in Dodge Charger sedans. The probe covers about 123,000 Chargers from the 2011 and 2012 model years. The National Highway Traffic Safety Administration says it has 14 complaints of alternator failure and stalling.

  • US to evaluate Impala air bag performance Friday, 25 Jul 2014 | 1:35 PM ET

    DETROIT— The U.S. government's highway safety agency has decided to seek further information from General Motors about air bag failures in some Chevrolet Impala full-size cars.

  • DETROIT, July 25- A former Ford Motor Co engineer is being investigated by the FBI after listening devices were found in meeting rooms at company offices, the automaker said on Friday. "Ford initiated an investigation of a now former employee and requested the assistance of the FBI," said Susan Krusel, a Ford spokeswoman.

  • DTE Energy 2Q profit climbs 18 percent Friday, 25 Jul 2014 | 11:18 AM ET

    DETROIT— DTE Energy Co. on Friday reported net income that increased by 18 percent in its second quarter, and fell short of analysts' expectations. The Detroit- based company said earnings increased to $124 million, or 70 cents per share, from $105 million, or 60 cents per share, in the same quarter a year earlier.

  • UPDATE 1-Lear earnings top expectations; stock rises Friday, 25 Jul 2014 | 9:57 AM ET

    DETROIT, July 25- Lear Corp, maker of auto seats and electrical power systems, on Friday beat Wall Street's earnings expectations for the second quarter and increased its full-year outlook, sending its shares up as much as 5 percent.

  • Mazda recalls U.S. cars with faulty Takata air bags Friday, 25 Jul 2014 | 9:24 AM ET

    July 25- Japan's Mazda Motor Corp will broaden a recall of cars sold in the United States because an air-bag inflator, supplied by Japan's Takata Corp, could rupture and seriously injure occupants. The issue of ruptured inflators- which can hurl metal shrapnel at vehicle occupants- has bedeviled Takata and triggered the recall of millions of vehicles last year.

  • US agency probes Hyundai Sonata air bag problem Friday, 25 Jul 2014 | 8:30 AM ET

    DETROIT— U.S. safety regulators are investigating whether an electrical problem can knock out the air bags on some older Hyundai Sonatas. The National Highway Traffic Safety Administration says it has received 83 complaints about the problem. Hyundai will cooperate with the NHTSA in its investigation, company spokesman Jim Trainor said in an email.

  • Lear easily beats Wall St earnings expectations Friday, 25 Jul 2014 | 7:31 AM ET

    DETROIT, July 25- Lear Corp, maker of auto seats and electrical power systems, on Friday beat Wall Street's earnings expectations for the second quarter and increased its full-year outlook. Net income rose to $148.5 million, or $1.81 per share, from $137.3 million, or $1.60 per share, a year earlier.

  • July 25- U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth. Several companies reported tepid performance in Brazil, the biggest economy in Latin America, where some economists fear the country is on the verge of a recession.

  • SAO PAULO, July 24- General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said on Thursday, amid falling output in Latin America's largest economy. General Motors put 940 workers at the same factory on paid leave in 2012, and the union said 598 of them were later fired.

  • FRANKFURT/ DETROIT, July 24- Ford Motor Co and General Motors Co said on Thursday the crisis in Ukraine has exacerbated a sales slowdown in Russia, but the carmakers said they were on track to turn around their European operations after years of economic instability on the Continent.

  • DETROIT, July 24- Ford Motor Co one-upped its larger rival General Motors Co in the second quarter, showing a profit in Europe for the first time in three years while GM was weighed down by recall-related costs in the United States.

  • Michigan's unemployment rate shows seasonal rise Thursday, 24 Jul 2014 | 3:48 PM ET

    LANSING, Mich.— Michigan authorities say the state experienced a typical seasonal increase in unemployment in the latest month. The department says June's unemployment rates ranged from a low of 5.7 percent in the Ann Arbor and Grand Rapids regions to a high of 9.2 percent in populous metropolitan Detroit.

  • Eau Canada: Caravan totes water to Detroit Thursday, 24 Jul 2014 | 12:42 PM ET

    DETROIT— A caravan of Canadians bringing jugs with 1,000 liters of water arrived in Detroit on Thursday afternoon in a symbolic protest against the bankrupt city shutting off water to residents who haven't paid their bills. Eleven vehicles passed through the Detroit Windsor Tunnel under the Detroit River.

  • 4 more Michigan cities get Uber ridesharing Thursday, 24 Jul 2014 | 12:35 PM ET

    LANSING, Mich.— A California company that uses mobile application software to link people needing transportation in Ann Arbor and the Detroit area to drivers is expanding to several other Michigan cities. San Francisco- based Uber says service starts Thursday in Flint, Grand Rapids, Kalamazoo and Lansing.

  • DETROIT, July 24- General Motors Co reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths.

  • GM profit 2Q falls 85 pct. on recall costs Thursday, 24 Jul 2014 | 7:35 AM ET

    DETROIT— Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes. Without one-time items GM would have made 58 cents per share, equaling Wall Street's expectations, according to data provider FactSet.

  • DETROIT, July 24- General Motors Co reported a lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for its victims' compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths.