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  • BEIJING/ NEW DELHI, May 4- General Motors aims to grab at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.. The Detroit carmaker, which is losing money in India even after 18 years there, will unleash a product blitz aimed at...

  • OMAHA, Neb., May 3- Warren Buffett puts on a good show. That show grew bigger as more than 40,000 Berkshire Hathaway shareholders poured into Omaha this weekend to celebrate his 50th anniversary running the company, at what the world's third-richest person calls Woodstock for Capitalists. Buffett and his chief lieutenant Charlie Munger answered their five...

  • DETROIT— General Motors is knocking nearly $1,200 off the price of the 2016 Chevrolet Volt plug-in hybrid car. The company says the new Volt will start at $33,995 including shipping when it goes on sale in the fall. The current version costs $35,170.

  • DETROIT, May 3- Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead. Auto executives say the industry is as healthy as it's been since being restructured in 2009. But judging by the recent stock performance of General Motors Co, Ford Motor Co and Fiat Chrysler Automotive, investors have a less...

  • DETROIT— U.S. safety regulators have rejected a Rhode Island man's request for an investigation into low-speed unintended acceleration problems with Toyota Corolla compact cars. The National Highway Traffic Safety Administration, in documents posted on its website Saturday, said it put over 2,000 miles on a 2010 Corolla owned by Bob Ruginis, of Bristol,...

  • Mackinac Financial posts 1Q profit Friday, 1 May 2015 | 4:39 PM ET

    MANISTIQUE, Mich. _ Mackinac Financial Corp. on Friday reported net income of $1.4 million in its first quarter. Mackinac Financial shares have decreased almost 6 percent since the beginning of the year. Keywords: Mackinac Financial, Earnings Report.

  • DETROIT, May 1- U.S. auto industry sales in April came in below expectations as Asia's major carmakers' results disappointed, offsetting strong gains for trucks and SUVs made by General Motors and Ford. Sales reported on Friday by Japan's Nissan, Toyota and Honda, as well as the combined results for South Korea's Hyundai and its Kia affiliate, all missed...

  • May 1- The U.S. Nuclear Regulatory Commission said on Thursday it will issue a license soon to DTE Energy Co to build a new reactor at its Fermi nuclear power plant in Michigan. DTE proposed a 1,600- megawatt Economic Simplified Boiling Water Reactor built by General Electric Co and Hitachi Ltd. The license would be the first for an ESBWR reactor.

  • NEW YORK— It was bad enough that Ana Charle was killed after leaving her job for the day as director at a homeless shelter for men. Since then, the slaying in the Bronx— called "as bad a homicide as I've seen" by Robert Boyce, the city's chief of detectives— has fueled a debate over whether shelter workers and neighbors need more protection from a homeless population that...

  • WASHINGTON— Optimism about the job market lifted U.S. consumer sentiment in April to its second-highest level since 2007.. The University of Michigan's sentiment index rose to 95.9 from 93 in March. Richard Curtin, chief economist of the Michigan survey, attributed the April increase to optimism over consistently low inflation and low interest rates and...

  • Ford sales up 5 percent in April Friday, 1 May 2015 | 9:41 AM ET

    DETROIT— Ford says its U.S. sales rose 5 percent last month for its best April in nine years. The Dearborn, Michigan, automaker sold more than 222,000 cars and trucks last month, led by small and midsize SUVs. The revamped Ford Edge midsize SUV posted its best April sales ever at just over 13,000. That was a 78 percent increase over a year ago.

  • General Motors April US sales rise 5.9 percent Friday, 1 May 2015 | 9:31 AM ET

    DETROIT— General Motors says its U.S. sales last month rose 5.9 percent as Americans snapped up small and midsize SUVs. The Detroit company says it sold just over 269,000 cars and trucks last month, matching expectations of industry analysts. The automaker was led by Chevrolet Equinox midsize SUV.

  • DETROIT— Under pressure from U.S. safety regulators, Ford is expanding a recall of small and midsize cars to fix door latches that may not stay closed. Ford Motor Co. added about 156,000 Fiestas to a recall announced a week ago. Earlier this week, the U.S. National Highway Traffic Safety Administration warned owners of the cars to get them repaired as soon as they get...

  • Small, midsize SUVs drive April US auto sales gains Friday, 1 May 2015 | 8:29 AM ET

    A big drop in gas prices, to an average of $2.60 a gallon from $3.69 a year ago, also works in favor of SUVs. The Equinox posted a 42 percent sales increase to almost 29,000 in April, while Cruze sales fell nearly 4 percent to just under 21,000. Both vehicles are made by General Motors. Honda's CR-V, the top-selling SUV, posted a 3 percent gain to more than 29,000,...

  • American Axle beats Street 1Q forecasts Friday, 1 May 2015 | 8:28 AM ET

    DETROIT _ American Axle& Manufacturing Holdings Inc. on Friday reported first-quarter earnings of $53.2 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share. American Axle shares have risen 10 percent since the beginning of the year.

  • LONDON, May 1- The London Metal Exchange has fined one of its warehousing operators, CWT Commodities, 100,000 pounds for breaching information barriers with associated trading companies. The only directly comparable disciplinary action to that against CWT was the 50,000- pound fine imposed on Henry Bath in 1999 for trading metal on its own account.

  • Baltimore riot damage adds burden to small businesses Thursday, 30 Apr 2015 | 3:02 PM ET

    BALTIMORE— Richard Sung Kang's American dream came crashing down in a shower of broken glass. His West Baltimore liquor store and bar, the Oxford Tavern, was hit by looters during a riot over the police-involved death of neighborhood resident Freddie Gray. About 200 small businesses were unable to open the day after the violence, Maryland Gov.

  • Business events scheduled for Friday Thursday, 30 Apr 2015 | 1:31 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.. WASHINGTON— Commerce Department releases construction spending for March, 10 a.m.. CVS Health Corp. reports quarterly financial results before the market opens.

  • GM Canada to cut about 1,000 jobs at Oshawa plant Thursday, 30 Apr 2015 | 1:19 PM ET

    TORONTO, April 30- General Motors Co will eliminate one shift at its Oshawa, Ontario, assembly plant in November, the company said on Thursday, cutting about 1,000 jobs as it makes production changes that were announced in 2012.. After Nov. 20, 2015, the Oshawa Assembly will stop producing the Chevrolet Camaro, GM said. The company announced in 2012 that it would build...

  • PONTIAC, Ill.— It's the latest front in the continuing battle over organized labor's influence, but what's happening in Illinois looks nothing like the juggernaut unleashed in other Midwestern states where conservative statehouses have stripped power from unions with barely a second thought. "The special interests have got to be stopped," Rauner told local...