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  • United Airlines says it won't fly Tuesday in New York, Boston or Philadelphia. American Airlines will run a "very limited" schedule in the Northeast on Tuesday. 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...

  • Jan 23- Moody's Investors Service slashed Atlantic City's credit rating six notches deeper into junk territory on Friday, a day after New Jersey Governor Chris Christie appointed an emergency manager with a mandate to consider a debt restructuring. Atlantic City has about $344 million of long-term debt outstanding. The order from Christie to consider a...

  • ATLANTIC CITY, N.J.— Wall Street is looking at Atlantic City's financial future and doesn't like what it sees. Moody's Investors Service on Friday lowered Atlantic City's bond rating by six steps, from Ba1 to Caa1, which is deep into junk territory. Chris Christie appointed corporate turnaround specialist Kevin Lavin as the city's emergency manager, and Kevyn...

  • Goodyear recalls SUV tires due to tread cracks Friday, 23 Jan 2015 | 10:36 AM ET

    DETROIT— Goodyear is recalling about 48,500 SUV tires after finding small cracks in the tread during endurance testing. Goodyear Tire& Rubber Co. says the problem hasn't caused any crashes. Owners can have the tires replaced for free at any Goodyear store or authorized dealer.

  • Ford changed the method of accounting for its Venezuela operations on Dec. 31, which it said will result in a one-time pre-tax special item charge of $800 million for the fourth quarter. The No. 2 U.S. automaker has been operating in Venezuela for 53 years. The $800 million special item charge for the fourth quarter is an accounting change and does not include any...

  • DETROIT— Ford says it will take an $800 million charge in the fourth quarter because of exchange rate problems between the Venezuelan bolivar and the U.S. dollar. But the automaker still expects a full-year pretax profit of $6 billion when it reports 2014 earnings Thursday. The Dearborn, Michigan, automaker has had operations in Venezuela for 53 years.

  • WASHINGTON, Jan 22- The U.S. auto safety regulator plans to change its vehicle safety ratings program to include automatic emergency braking systems, putting pressure on automakers to add those features to new cars and trucks, Transportation Secretary Anthony Foxx said on Thursday. The National Highway Traffic Safety Administration will add the braking...

  • Euro plunges, but European brands are not on sale in US Thursday, 22 Jan 2015 | 3:25 PM ET

    NEW YORK— Americans hoping to save on European goods thanks to a falling euro shouldn't rush to uncork that bottle of French Bordeaux. Still, German sports cars, Belgian beers and the latest fashions out of Italy aren't going on sale anytime soon. "The U.S. economy is the one that's doing well in the world right now," notes IHS senior principal economist George...

  • ATLANTIC CITY NJ/ NEW YORK Jan 22- A new emergency management team for the casino resort town Atlantic City said it would take about six months for a turnaround plan to show results but it was' premature' to talk about bankruptcy for the city, which has seen gaming revenues decimated. New Jersey Governor Chris Christie on Thursday appointed a turnaround team,...

  • Powers of Atlantic City's new emergency manager Thursday, 22 Jan 2015 | 1:55 PM ET

    Chris Christie has appointed corporate turnaround specialist Kevin Lavin as the emergency manager for Atlantic City, and named Kevyn Orr, who helped Detroit through its municipal bankruptcy, as special counsel to Lavin. —Prepare within 60 days a plan to place the finances of Atlantic City in stable condition on a long-term basis by any and all lawful means,...

  • DETROIT— The U.S. government's auto safety agency wants to add two automatic emergency braking devices to its list of recommended safety features for new-car buyers. But it's unclear when or if the National Highway Traffic Safety Administration will require automakers to put the devices on all new vehicles. The recommendations help to encourage the auto...

  • DETROIT, Jan 22- German automakers BMW and Volkswagen are joining with ChargePoint to build a U.S. network of fast-charging stations for electric cars and plug-in hybrid vehicles, the companies said Thursday. East and West Coasts by the end of 2015 as part of an effort to promote greater sales of EVs such as the BMW i3 and the VW e-Golf. Tom Gage, chairman of EV Grid and...

  • ATLANTIC CITY, NJ/ NEW YORK Jan 22- New Jersey Governor Chris Christie on Thursday appointed a turnaround team, including former Detroit emergency manager Kevyn Orr, for Atlantic City in a step the struggling casino town has resisted. The team will be led by Emergency Manager Kevin Lavin, who previously worked for business and turnaround consultancy FTI.

  • DETROIT— In an effort to better compete with BMW and Mercedes, Cadillac wants about 700 smaller U.S. dealers to create "boutique" stores that focus on the General Motors luxury brand. The move, to be outlined Thursday at the Washington Auto Show by Cadillac President Johan de Nysschen, is designed to improve a customer's buying experience so it matches or exceeds...

  • NEW YORK Jan 22- New Jersey governor Chris Christie plans on Thursday to introduce former Detroit emergency manager Kevyn Orr as part of an emergency management team for struggling Atlantic City, according to a press invitation to the event. A former corporate bankruptcy lawyer at the firm Jones Day, he most recently guided Detroit through the biggest-ever...

  • DETROIT, Jan 22- General Motors Co has invested $300 million to upgrade and heavily automate its Detroit- Hamtramck plant ahead of this year's launch of the 2016 Cadillac CT6 luxury sedan, a company executive said Thursday. The investment includes the construction of a new body shop equipped with 205 robots and designed to use such advanced manufacturing...