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  • Business events scheduled for the coming month Friday, 30 Jan 2015 | 1:35 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m.. TOKYO— Panasonic...

  • Business events scheduled for the coming week Friday, 30 Jan 2015 | 1:33 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m.. TOKYO— Panasonic...

  • Exploding air bag may have killed Texas man Thursday, 29 Jan 2015 | 4:14 PM ET

    HOUSTON— Federal safety regulators are looking into the death of a Texas man who may be the latest victim of exploding automobile air bags made by Takata Corp. of Japan. Senator Bill Nelson, D- Fla., said Thursday on the Senate floor. Honda said in a statement that the car was part of a 2011 national recall to fix the driver's air bag inflators, but records show the...

  • Jan 29- U.S. vehicle safety regulators want to find whistleblowers with knowledge "of possible defects or any wrongdoing" by Takata Corp, stepping up pressure on the air bag maker whose products are linked to five deaths and dozens of injuries. The National Highway Traffic Safety Administration told Reuters it was urging potential informants to call its...

  • Business events scheduled for the coming week Thursday, 29 Jan 2015 | 1:37 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m. Eastern; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m..

  • DETROIT— Hundreds of Detroit homeowners in danger of losing their properties flocked Thursday to hearings that offered a last-ditch chance to avoid foreclosure and to keep the houses from adding to the city's already huge glut of vacant dwellings. The homeowners nearly filled a long conference room in Detroit's Cobo Center while waiting for their cases to...

  • TRENTON, N.J.— The state Senate president said Thursday that Republican Gov. Chris Christie is trying to force Atlantic City into bankruptcy, and he threatened to go to court if that's what the men appointed to revive the beleaguered gambling resort's finances try to do. Speaking at a New Jersey Conference of Mayors meeting, Sweeney told Republican Atlantic City...

  • Ally Financial tops 4Q profit forecasts Thursday, 29 Jan 2015 | 9:09 AM ET

    DETROIT— Ally Financial Inc. on Thursday reported fourth-quarter net income of $177 million, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Ally Financial shares have dropped 12 percent since the beginning of the year.

  • DETROIT— Chris Mathews' crew showed up this month to demolish one of the thousands of vacant homes destined for demolition as part of Detroit's grand plan to bulldoze its way to prosperity when a call from his office stopped them in their tracks: Someone was living there. As Detroit carries out its plan to tear down tens of thousands of homes to combat blight and...

  • Detroit property tax bills set to dip Wednesday, 28 Jan 2015 | 5:58 PM ET

    Jan 28- Detroit homeowners will see a slight dip in their property taxes due by Aug. 31, the mayor's office said on Wednesday, noting the city's plan to recover from bankruptcy already accounts for a drop in the tax collections this year. Detroit, which emerged from bankruptcy late last year, is reassessing the values of real estate that are used in determining tax...

  • DETROIT— Nissan is recalling nearly 768,000 SUVs worldwide to fix faulty hood latches and electrical shorts that could cause fires. The larger Nissan recall announced Wednesday covers more than 552,000 Rogue small SUVs from 2008 through 2013 and Rogue Select SUVs from 2014. Snow and salty water can seep through the driver's side carpet to a wiring harness,...

  • *Model's revamp may cost up to 650 mln euros- analyst. BERLIN, Jan 28- With Volkswagen having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading a loss-making luxury saloon. The 76,000- euro Phaeton, a pet project of Chairman Ferdinand Piech, has never met VW's original sales...

  • Mercedes selects AM General to make SUVs in the US Tuesday, 27 Jan 2015 | 12:51 PM ET

    The R-Class, which comes with six or seven seats, was briefly sold in the U.S. but has been sold exclusively in China since 2013.. Mercedes doesn't release sales numbers for individual models in China, but in a presentation last year the company said it sold 12,700 R-Class SUVs in 2013.. Sales of its M-Class SUV, which is also made in Alabama, rose 13 percent.

  • Volkswagen, Audi, Porsche issue recalls for fuel leaks Tuesday, 27 Jan 2015 | 9:25 AM ET

    DETROIT— Audi, Volkswagen and Porsche are recalling more than 93,500 cars and SUVs worldwide to fix fuel leak problems. The recalls cover the Audi A6 and Volkswagen Touareg hybrid from the 2012 model year, the Audi A7 from 2012 and 2013, and the Audi Q7, S4 and S5 from 2011 through 2012. All the vehicles have 3- liter V-6 engines, according to documents posted Tuesday...

  • DETROIT— The city's successful exit from the largest municipal bankruptcy in U.S. history doesn't mean Detroit's troubles are over, its former fiscal overseer told area business leaders Tuesday. Mayor Mike Duggan and the City Council have resources, but the work of moving Detroit forward continues, Kevyn Orr said at a Detroit Economic Club event.

  • Most major U.S. carriers said they would allow passengers ticketed to, from or through the Northeast on Monday or Tuesday to change their plans without getting hit by a reservation-change fee, typically $200. Home Depot said it's seeing high demand for shovels, salt, snow throwers and other suppliers throughout the mid-Atlantic up through New England.

  • DETROIT— With only five days left before the deadline to seek payments, compensation expert Kenneth Feinberg has decided that 50 death cases are eligible for money due to crashes caused by faulty General Motors ignition switches. Feinberg, who was hired by the automaker to handle death and injury claims, released new totals on Monday. Last year the company set...

  • Soros eyes investing in auto dealer groups -report Monday, 26 Jan 2015 | 10:48 AM ET

    DETROIT, Jan 26- Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers Association convention in San Francisco over the...

  • For more than a year Ford has said its ability to get auto parts for its operations in Venezuela have been hampered by the valuation of the Venezuelan bolivar, and made the accounting change effective Dec. 31. General Motors Co, Clorox, Procter& Gamble, Baker Hughes and Brink's have also taken hits to their respective bottom lines in the past year because of the...

  • Atlantic City vs Detroit: Who is better off? Friday, 23 Jan 2015 | 5:22 PM ET

    Jan 23- "At least we're not Detroit," Atlantic City's Mayor joked just last week during his state of the city address. Yet by some measures, Atlantic City is in worse shape than Detroit, with which it shares such traits as a high poverty rate. While the Motor City's Big Three automakers emerged from crisis by the time Detroit was being restructured, Atlantic City's...