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  • Flights resume at Detroit airport after ice delays Saturday, 22 Nov 2014 | 9:53 AM ET

    ROMULUS, Mich.— Flights are starting to resume at Detroit Metropolitan Airport after icy runways kept planes from arriving and departing. Conway says one Delta Air Lines plane landed around 7 a.m. but skidded off a taxiway into grass. Icy conditions have caused numerous accidents on Detroit- area roadways, including a multi-vehicle crash on M-14 in western Wayne...

  • 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...

  • As snow ends, roof collapses, floods are concerns Friday, 21 Nov 2014 | 10:29 AM ET

    BUFFALO, N.Y.— A snowfall that brought huge drifts and closed roads in the Buffalo area finally ended Friday, yet residents still couldn't breathe easy, as the looming threat of rain and higher temperatures through the weekend and beyond raised the possibility of floods and more roofs collapsing under the heavy loads. More than 30 major roof collapses, most...

  • Executives brave frigid Detroit night for charity Friday, 21 Nov 2014 | 10:15 AM ET

    Forty business executives, college administrators and other professionals found out firsthand, for at least one night, what it's like to be homeless in Detroit. Andrea Fischer Newman, senior vice president for government affairs at Delta Air Lines, and Wayne State University President M. Roy Wilson and his wife, Jacqueline Wilson, were among those given a pair of...

  • "We are conducting a careful and thorough assessment of the costs and benefits of financial holding company engagement in these activities," Fed Governor Daniel Tarullo said in prepared remarks ahead of a Senate subcommittee hearing on the issue of banks' involvement with physical commodities. Goldman Sachs Group Inc, Morgan Stanley and J.P. Morgan built huge...

  • Economists predict continued Michigan job growth Friday, 21 Nov 2014 | 9:37 AM ET

    ANN ARBOR, Mich.— Michigan's economy will continue to improve over the next two years after five years of steady job growth, University of Michigan economists said Friday in an annual forecast. Fulton, the director of the school's Research Seminar in Quantitative Economics, said there are "several positive story lines" when looking at Michigan's economy in...

  • Toyota recalls nearly 423K Lexuses for fuel leaks Friday, 21 Nov 2014 | 8:21 AM ET

    DETROIT— Toyota is recalling nearly 423,000 Lexus luxury brand cars in the U.S. to fix fuel leaks that can cause fires. The recalls affect the 2006 to 2011 GS, 2007 to 2010 LS and the 2006 to 2011 IS models. The company first began looking into the matter in June of 2010 after getting a report of gasoline odor coming from a customer's engine compartment, according to...

  • NEW YORK, Nov 21- Complex deals employed by Goldman Sachs' metals storage unit to build vast stockpiles and then maintain queues test the spirit of the London Metal Exchange operating code, shocking many traders and confirming others' suspicions. An explosive U.S. Senate report released on Wednesday revealed the "imaginative" methods used to lure millions of...

  • NEW YORK, Nov 20- In an often-heated hearing before a U.S. Senate investigative subcommittee, Goldman Sachs Group Inc on Thursday rejected allegations that Wall Street banks exploited physical commodity markets to manipulate prices and gain unfair trading advantages. Led by Senator Carl Levin, who chairs the Senate's Permanent Subcommittee on...

  • 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...

  • 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...

  • Government tells Chrysler to speed up Jeep recall Thursday, 20 Nov 2014 | 5:56 PM ET

    DETROIT— The nation's auto safety agency is telling Chrysler to speed up a recall of 1.5 million older Jeeps with gas tanks that can rupture in a rear collision. The National Highway Traffic Safety Administration sent a letter to Chrysler on Wednesday saying that a "woeful" 3 percent of the Jeeps have been fixed, more than a year after the recall began.

  • WASHINGTON, Nov 20- U.S. government safety regulators on Thursday told Chrysler Group LLC Chief Executive Sergio Marchionne that the company "have to get their act in gear" to speed up repairs of recalled Jeep SUVs that face a heightened fire risk. David Friedman, deputy director of the National Highway Traffic Safety Administration, was asked by reporters if he...

  • GM shakes up management, names new quality chief Thursday, 20 Nov 2014 | 5:05 PM ET

    DETROIT— General Motors has promoted its purchasing chief to be its head of quality as part of a management shakeup. Quality and customer experience head Alicia Boler-Davis will remain a senior vice president, but will no longer lead quality. Purchasing head Grace Lieblein takes over as vice president of global quality.

  • GM shuffles top managers, including high-ranking women Thursday, 20 Nov 2014 | 4:36 PM ET

    DETROIT, Nov 20- General Motors Co reassigned four senior executives, including two high-ranking women, and announced the departure of another on Thursday. GM said Mary Chan has resigned as vice president, global connected consumer, effective March 31. Her duties, including responsibility for GM's OnStar communications network, will be assumed by Alicia...

  • 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...

  • WASHINGTON, Nov 20- U.S. government safety regulators on Thursday told Chrysler Group LLC Chief Executive Sergio Marchionne that the company "have to get their act in gear" to speed up repairs of recalled Jeep SUVs that face a heightened fire risk. David Friedman, deputy director of the National Highway Traffic Safety Administration, was asked by reporters if he...

  • *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...