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  • Judge to rule Friday on Illinois pension law Thursday, 20 Nov 2014 | 1:45 PM ET

    SPRINGFIELD, Ill.— A judge said he will rule Friday on the constitutionality of the landmark Illinois pension patch after hearing arguments about whether the state can use the crisis of a $100 billion retirement-fund debt to cut benefits to retirees. The decision by Sangamon County Circuit Judge John Belz, who heard about 45 minutes of oral arguments Thursday,...

  • *Senators push Takata to expand recall across U.S. *Takata insistent that regional recall is sufficient. WASHINGTON/ DETROIT, Nov 20- Executives from Japan's Takata Corp and two automakers faced tough scrutiny from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into...

  • GM's Barra: New investment, SUV for Opel Thursday, 20 Nov 2014 | 11:05 AM ET

    FRANKFURT, Germany— General Motors CEO Mary Barra says the automaker will invest more than half a billion euros in its plants in Europe and build a new SUV at the home base for its Opel division there. On a visit to Germany, Barra said the company plans by the end of the decade to build a new SUV model at Ruesselsheim that would serve as the Opel brand's "second flagship"...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday rebutted allegations made by a powerful U.S. Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley, which will also address the panel, have both made major moves to...

  • LONDON, Nov 20- Copper slipped on Thursday as weak manufacturing in China and slower business growth in the euro zone raised concerns about demand, while nickel hit a five-week high due to expectations of an ore shortage. In top metals consumer China, growth in its vast factory sector stalled in November, with output contracting for the first time in six months,...

  • *Takata, auto execs to testify at U.S. hearings. *BMW backs Takata air bag output shift to Germany. WASHINGTON/ TOKYO, Nov 20- Executives from Japan's Takata Corp and two automakers will face tough questions from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into cars.

  • The victim died in a Honda car and at the time the probe focused on the carmaker and Takata Corp, its supplier, and the risk that air bags could rupture, shooting shrapnel into the car. It is not clear what, if any, useful details the material offered by Takata in May 2010 contained or of it would have affected subsequent probes. According to an e-mail exchange between...

  • Florida woman latest to accuse Cosby of forced sex Thursday, 20 Nov 2014 | 12:38 AM ET

    BOCA RATON, Fla.— A Florida woman who came forward Thursday became the fourth in recent weeks to say Bill Cosby gave her pills that made her feel groggy then forced himself on her sexually. Therese Serignese, now 57 and a nurse in Boca Raton, said the television icon raped her in 1976 when she was 19 years old following a show in Las Vegas. Bill Cosby was behind me, having...

  • *Takata, auto execs to testify at U.S. hearings Thursday. *BMW to shift Takata air bag output to Germany from Mexico. WASHINGTON/ TOKYO, Nov 20- Takata Corp faces a long battle to gauge the fallout from a fast-moving air bag crisis as recalls mount up, adding to the costs for the loss-making Japanese auto parts maker.

  • Nominee for auto safety chief faces uphill climb Thursday, 20 Nov 2014 | 12:06 AM ET

    DETROIT— Mark Rosekind is a nationally known expert in human fatigue. President Obama on Wednesday nominated Rosekind, a National Transportation Safety Board member and a former NASA scientist with a Ph.D from Yale, to be the U.S. government's top auto safety regulator, pending Senate confirmation. The agency has been without a permanent administrator for...

  • Minivans do poorly in new crash tests Thursday, 20 Nov 2014 | 12:01 AM ET

    DETROIT— The Honda Odyssey was the only minivan to earn the highest safety rating in new crash tests by the insurance industry. The Insurance Institute for Highway Safety said Thursday that the Nissan Quest, Chrysler Town and Country, and Dodge Caravan all garnered the lowest rating on the small overlap front crash test, which replicates what happens when a...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc will rebut on Thursday allegations made by a powerful Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley which will also address the panel have both made major moves to get...

  • METALS-London nickel hits 5-week high as shortfall eyed Wednesday, 19 Nov 2014 | 10:59 PM ET

    *Coming up: euro zone Markit flash mfg PMI at 0900 GMT. SYDNEY, Nov 20- London nickel hit a five-week high on Thursday on expectations of a shortage of ore in China, as stainless steel makers run down their raw material stockpiles following an Indonesian ban on ore exports. "The chances of a supply gap are fairly high... but I don't think it's going to be as acute as consensus...

  • METALS-London copper slips ahead of China flash PMI Wednesday, 19 Nov 2014 | 8:26 PM ET

    SYDNEY, Nov 20- London copper edged down on Thursday, ahead of a November reading on the health of China's manufacturing sector, while nickel prices were supported by expectations of a supply shortage. Prices have been pinned in a $300 range from around $6,600- $6,900 since mid September. *In news, Goldman Sachs Group Inc's metals storage unit paid Deutsche Bank,...

  • LONDON, Nov 19- The splintering of the global aluminium price is becoming ever more acute. Physical premiums on both sides of the Atlantic have just sailed through the $500 per tonne level, widening the disconnect between the global reference price set on the London Metal Exchange and the "all-in" price paid by manufacturers. The LME is racing to catch up with its...

  • LONDON, Nov 19- The splintering of the global aluminum price is becoming ever more acute. Physical premiums on both sides of the Atlantic have just sailed through the $500 per tonne level, widening the disconnect between the global reference price set on the London Metal Exchange and the "all-in" price paid by manufacturers. The LME is racing to catch up with its U.S....

  • NEW YORK, Nov 19- Goldman Sachs Group Inc's metals storage unit paid Deutsche Bank, Glencore and British hedge fund Red Kite millions of dollars in incentives that helped extend wait times in the company's Detroit storage hub, a Senate report showed on Wednesday. The 400- page report by the Senate's Permanent Subcommittee on Investigations exposes details of...

  • DETROIT, Nov 19- Takata plans to shift production of BMW air bag inflators from Mexico to Germany, the automaker said on Wednesday in a filing with U.S. safety regulators who have been probing questions about the quality of manufacturing at the plant. Automakers that use the Takata inflators, including Toyota Motor Corp, warned that it was not feasible to switch to...

  • Cadillac boss envisions $250,000 flagship car - in 2029 Wednesday, 19 Nov 2014 | 6:25 PM ET

    LOS ANGELES, Nov 19- Cadillac's new boss believes General Motors' premium brand could eventually sell ultra-luxury cars that retail for a quarter-million dollars by 2029.. "It is too early today for a $250,000 Cadillac," said Johann de Nysschen, in an interview on Wednesday at the annual auto show here. Cadillac's current flagship car, the XTS sedan, tops out at...

  • NEW YORK, Nov 19- Goldman Sachs Group Inc's metals storage unit paid Deutsche Bank, Glencore and British hedge fund Red Kite millions of dollars in incentives that helped extend wait times in the firm's Detroit storage hub, a Senate report showed on Wednesday. The 400- page report by the Senate's Permanent Subcommittee On Investigations exposes details of...