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  • Ford recalls 390,000 cars to fix door latches Friday, 24 Apr 2015 | 3:48 PM ET

    DETROIT— Ford is recalling about 390,000 cars because the doors may not latch properly and could open while the cars are in motion. Ford Motor Co. said two people suffered sore shoulders from doors bouncing back after they were closed. The U.S. National Highway Traffic Safety Administration began investigating Fiesta door latches in September after getting...

  • Business events scheduled for the coming month Friday, 24 Apr 2015 | 1:33 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.; Commerce Department releases construction spending for March, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Institute for Supply Management releases its service sector index for April, 10 a.m..

  • April 24- Industry consultants LMC Automotive and J.D. Power on Friday forecast that April U.S. auto sales will rise 5.4 percent from a year ago. On an annualized basis, April U.S. sales will be 16.6 million vehicles, the consultancies said. LMC also held its forecast for this year's auto sales at 17 million vehicles, up 3 percent from last year.

  • Harley recalls nearly 46,000 motorcycles Friday, 24 Apr 2015 | 12:18 PM ET

    DETROIT— Harley-Davidson is recalling nearly 46,000 motorcycles in the U.S. because they could stay in gear due to clutches that won't fully disengage. The recall covers certain Electra Glide, Ultra Limited, Police Electra Glide, Street Glide, Road Glide and Road King models from the 2014 and 2015 model years. Harley-Davidson Motor Co. said in documents that gas...

  • DETROIT, April 24- General Motors Co Chief Executive Officer Mary Barra, who last year became the first woman to lead a major U.S. automaker, received $16.2 million in 2014 compensation, up 78 percent from her predecessor's total the previous year. She received $4.55 million in salary and other liquid compensation for 2014, GM said in a proxy filed on Friday with...

  • DETROIT— General Motors CEO Mary Barra's compensation more than tripled in 2014 to $15.8 million in her tumultuous first year in the automaker's top job. Almost immediately, she was hit with a series of embarrassing safety recalls that led to congressional hearings, a Justice Department investigation and a $35 million fine from U.S. safety regulators.

  • DTE Energy beats 1Q profit forecasts Friday, 24 Apr 2015 | 7:27 AM ET

    DETROIT _ DTE Energy Co. on Friday reported first-quarter earnings of $273 million. DTE Energy expects full-year earnings in the range of $4.48 to $4.72 per share. DTE Energy shares have declined 4 percent since the beginning of the year, while the Standard& Poor's 500 index has increased nearly 3 percent.

  • DETROIT— Federal agricultural officials announced Thursday voluntary programs and initiatives for farmers, ranchers and foresters meant to build on President Barack Obama's efforts to combat global warming— and they don't require congressional approval. Agriculture Secretary Tom Vilsack unveiled the plans at Michigan State University, where Obama...

  • Ford to lay off 700 workers due to slow car sales Thursday, 23 Apr 2015 | 6:07 PM ET

    DETROIT— Ford Motor Co. said Thursday it's laying off 700 workers at a Michigan assembly plant because of slow sales of the small cars and hybrids it makes. The Michigan Assembly Plant, in the Detroit suburb of Wayne, will move from three shifts to two starting June 22, spokeswoman Kristina Adamski said. The plant is the same one President Barack Obama visited in...

  • NEW YORK— The Justice Department is suing Quicken Loans, saying the lender approved hundreds of mortgage loans that didn't meet federal standards, leaving the government stuck with the bill when borrowers defaulted. The U.S. Department of Justice said Thursday that between September 2007 and December 2011, Quicken approved, underwrote, and certified the...

  • DETROIT, April 23- Ford Motor Co said on Thursday it will lay off about 700 workers at a Detroit- area plant making compact and compact hybrid cars, responding to a dip in demand for such vehicles amid lower gasoline prices. Michigan Assembly Plant in Wayne, Michigan is cutting a shift and will run on two shifts beginning June 22, said Ford spokeswoman Kristina...

  • DETROIT— Fiat Chrysler Automobiles is recalling 58,833 older cars and SUVs with manual transmissions. The recall covers 2006 Jeep Liberty and Wrangler SUVs and Dodge Viper cars produced between Feb. 15, 2005, and Sept. 14, 2006. The rest were sold in Canada, Mexico and overseas.

  • Business events scheduled for the coming week Thursday, 23 Apr 2015 | 1:43 PM ET

    Restaurant Brands International Inc. reports quarterly financial results before the market opens. WASHINGTON— Standard& Poor's releases S&P/Case-Shiller index of home prices for February, 9 a.m.; The Conference Board releases the Consumer Confidence Index for April, 10 a.m.; Federal Reserve policymakers meet to set interest rates. WASHINGTON— Commerce...

  • WASHINGTON, April 23- The number of Americans filing new claims for unemployment aid edged up last week for a third straight week, but the underlying trend continued to point to solid momentum in the labor market. Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 295,000 for the week ended April 18, the Labor Department...

  • DETROIT, April 23- General Motors Co posted a smaller-than-expected quarterly profit on Thursday as weakness in South America and Russia hurt demand and the company's tax rate was higher than expected, sending shares down 4 percent. "Clearly the macro environment in South America, and it's primarily Brazil, deteriorated versus even where we thought it was...

  • GM CEO dismisses talk of merger with Fiat Chrysler Thursday, 23 Apr 2015 | 11:11 AM ET

    DETROIT— General Motors CEO Mary Barra is dismissing any talk of a possible merger with Fiat Chrysler Automobiles. Barra tells analysts on a conference call that the company is focused on making its business more efficient and taking full advantage of its global size. Fiat Chrysler CEO Sergio Marchionne recently floated the idea of merging with GM or another...

  • DETROIT— A judge won't dismiss a lawsuit filed on behalf of a transgender embalmer who was fired by a Detroit- area funeral home after disclosing that she was transitioning from male to female and would dress as a woman. It's an early victory for the U.S. Equal Employment Opportunity Commission in litigation against R.G.& G.R. Harris Funeral Home in Garden City.

  • DETROIT, April 23- General Motors Co posted a smaller-than-expected quarterly profit on Thursday as weakness in South America and Russia hurt demand and the company's tax rate was higher than expected, sending shares down 3 percent. "Clearly the macro environment in South America, and it's primarily Brazil, deteriorated versus even where we thought it was...

  • GM misses Street 1Q forecasts Thursday, 23 Apr 2015 | 8:09 AM ET

    DETROIT _ General Motors Co. on Thursday reported first-quarter net income of $900 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share. Three analysts surveyed by Zacks expected $38.52 billion.

  • Car buyers think big in 1Q, boosting profit at GM Thursday, 23 Apr 2015 | 7:34 AM ET

    DETROIT— First-quarter profit at General Motors rose nearly eight times above a year ago as U.S. consumers spent big on pickups and SUVs and the company didn't have to set aside a huge stack of money to pay for recalls. The Detroit automaker said it made $945 million, as consumers got used to lower gasoline prices and decided to buy bigger vehicles.