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  • GM ignition switch death toll rises to 90 Monday, 27 Apr 2015 | 11:03 AM ET

    DETROIT— Families of at least 90 people killed in crashes caused by defective General Motors ignition switches will get compensation from the automaker. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the total Monday. The fund received 4,342 claims by the Jan. 31 deadline. Twenty-three percent are still under review.

  • UPDATE 1-LME moves to cut warehouse queues faster Monday, 27 Apr 2015 | 6:19 AM ET

    LONDON, April 27- New measures to increase the amount of metal withdrawn from warehouses, relative to material brought in, will help to reduce queues faster at London Metal Exchange registered warehouses, the exchange said on Monday. The LME, the world's oldest and biggest market for industrial metals which is now owned by Hong Kong Exchanges and Clearing Ltd,...

  • Enbridge seeks replacement pipeline in Minnesota Sunday, 26 Apr 2015 | 4:28 PM ET

    Enbridge, based in Calgary, Alberta, filed its application with the Minnesota Public Utilities Commission on Friday. The Minnesota segment is part of a $7.5 billion project by Enbridge to build a new 36- inch diameter line from Hardisty, Alberta, to Superior, Wisconsin, where Enbridge has a terminal and connections to pipelines serving the Midwest, Gulf Coast and...

  • Michigan vote tests pothole angst vs. will to raise taxes Saturday, 25 Apr 2015 | 12:24 PM ET

    Mary Jo Walentovic was driving on a Detroit- area interstate in February when a car kicked up a large chunk of road that smashed through her van's windshield, destroying the rearview mirror and an armrest. Fed up, she plans to vote for a 1- cent sales tax increase on Michigan's May 5 ballot that would put an additional $1.2 billion a year into fixing deteriorating...

  • HOUSTON, April 24- Aubrey McClendon, the former CEO of Chesapeake Energy Corp, is under investigation by the U.S. Department of Justice for potential antitrust violations related to leasing oil and gas properties, according to a regulatory filing by a new business venture he helps run. "In connection with the formal investigation of Chesapeake in 2012 by the U.S....

  • CHEBOYGAN, Mich.— Chesapeake Energy pleaded no contest Friday to attempted antitrust violations and agreed to pay $25 million to settle claims that it conspired to keep prices down during an auction for oil and gas leases, state officials announced. "This is a victory for Michigan taxpayers and a victory for all the Michigan land owners who took deep hits to their...

  • 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.

  • Lear beats 1Q profit forecasts Friday, 24 Apr 2015 | 7:13 AM ET

    SOUTHFIELD, Mich. _ Lear Corp. on Friday reported first-quarter net income of $147.3 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share. Six analysts surveyed by Zacks expected $4.56 billion.

  • 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...

  • UPDATE 1-U.S. House panel passes fast track trade bill Thursday, 23 Apr 2015 | 8:04 PM ET

    WASHINGTON, April 23- Legislation to speed trade deals through the U.S. Congress cleared through a key committee on Thursday, but low Democratic support signaled a looming battle over a Pacific trade pact central to President Barack Obama's strategic shift toward Asia. Despite the partisan wrangling, the vote in the House of Representatives' Ways and Means...

  • 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...

  • Macatawa posts 1Q profit Thursday, 23 Apr 2015 | 6:01 PM ET

    HOLLAND, Mich. _ Macatawa Bank Corp. on Thursday reported first-quarter earnings of $2.8 million. The holding company for Macatawa Bank posted revenue of $14.9 million in the period. Keywords: Macatawa Bank, Earnings Report.

  • 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...