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  • GM ignition switch death toll rises to 77 Monday, 30 Mar 2015 | 11:24 AM ET

    DETROIT— Families of at least 77 people killed in crashes caused by defective General Motors ignition switches will get compensation from the company. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the total Monday. The fund received a total of 4,342 claims by the Jan. 31 deadline.

  • Toyota cuts price of automatic braking safety devices Monday, 30 Mar 2015 | 10:03 AM ET

    DETROIT— Those pricey high-tech systems that automatically stop or slow your car if it's about to run into something are getting a lot cheaper. Toyota says it will offer lower-cost versions of the safety features in new Lexus and Toyota SUVs that it's introducing this week at the New York auto show, and the cheaper devices will spread across most of the company's...

  • Ford Motor Co. said Monday that the Lincoln Continental is coming back after a 13- year hiatus. A concept version of the full-size Continental will be shown at the New York auto show this week. Lincoln, Ford's luxury division, was founded in 1917 by Henry Leland, the former manager of General Motors Co.' s Cadillac division.

  • DEARBORN, Mich.— Elvis Presley had one; so did Clark Gable. Then the name vanished amid an invasion of newer luxury cars from Europe and Asia. And it's a nod to the importance of China, where customers know the Continental name and appreciate brands with a rich history.

  • NEW YORK, March 30- Ford Motor Co will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand's image in the United States and China. Ford's Lincoln will unveil a prototype of the future Continental sedan on Monday ahead of the April 3-12 New York auto show, which will feature many of the...

  • OMAHA, Neb.— The smell of Cuban coffee drifts from the kitchen as Carolyn Chester digs through photos, faded with age, that fill four boxes spread across the dining table. "I always heard about Cuba... and all this money that we lost and' Maybe one day,' but I didn't understand it." Soon after Fidel Castro won control of Cuba in 1959, his government began confiscating the...

  • Business events scheduled for the coming month Friday, 27 Mar 2015 | 1:21 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Commerce Department releases international trade data for February, 8:30 a.m.; Commerce Department releases...

  • Better economy awakens house dreamers Friday, 27 Mar 2015 | 1:00 PM ET

    Luxury building is again booming in the traditionally high-end parts of the country, like the Hamptons, as the economy continues to improve.

  • HARTFORD, Conn.— Eighteen years, three governors and $567 million after a study was commissioned to come up with a way to improve public transportation in central Connecticut, a bus-only corridor is about to open, promising to overtake motorists sitting on traffic-clogged Interstate 84. Dannel P. Malloy, state Transportation Commissioner James Redeker and...

  • Mulally earned $22 million in final year as Ford CEO Friday, 27 Mar 2015 | 9:22 AM ET

    DEARBORN, Mich.— Former Ford CEO Alan Mulally's compensation fell 5 percent to $22 million in his final year at the company, reflecting lower profits as the company invested heavily in new vehicles and plants. The company also announced that its annual meeting will be held May 14 in Wilmington, Delaware. As a result, he earned $1 million in salary compared with $2...

  • DETROIT— BMW is recalling nearly 49,000 motorcycles in the U.S. and Canada because flanges that hold the rear wheel can crack if bolts are too tight. BMW says if bolts that hold the rear wheels to a flange are over-tightened, the flange can crack. BMW says the rider and passenger were bruised and scraped.

  • Dow Chemical, Olin in $5B cash-and-stock deal Friday, 27 Mar 2015 | 7:43 AM ET

    MIDLAND, Mich.— Dow Chemical is breaking off a significant part of its chlorine operations in a deal with Olin Corp. valued at $5 billion. Dow CEO and Chairman Andrew Liveris said in a statement that the Olin deal has helped the Midland, Michigan- based company exceed its target to divest $7 billion to $8.5 billion of non-strategic businesses and assets.

  • AKRON, Ohio— A federal agency has directed the Texas- based company behind a proposed northeastern Ohio natural gas pipeline to investigate an alternative route that would relocate the $2 billion project to less populated areas. The city of Green has proposed moving about 103 miles of the Nexus pipeline away from southern Summit County and northern Stark...

  • LOS ANGELES, March 26- The bankrupt California city of San Bernardino revealed on Thursday details of its deal with the state's public pension system Calpers, in which the retirement fund will be paid in full under the city's bankruptcy exit plan. San Bernardino announced last year it intended to pay the powerful California Public Employees' Retirement System...

  • Business events scheduled for the coming week Thursday, 26 Mar 2015 | 2:41 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for February, 8:30 a.m.; National Association of Realtors releases pending home sales index for February, 10 a.m.. WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m..

  • Moody's fears Atlantic City default after state report Thursday, 26 Mar 2015 | 12:34 PM ET

    ATLANTIC CITY, N.J.— Wall Street is less than thrilled about what it has heard from emergency managers appointed by New Jersey Gov. Chris Christie to help turn around Atlantic City's finances. State Senate President Steve Sweeney says the report is making things worse by spooking Wall Street.

  • DETROIT, March 26- The Federal Reserve should remain on track to raise interest rates later this year despite the U.S. economy's weak start to the year and a stock market sell-off this week, two Fed officials said on Thursday. In separate events in Frankfurt and Detroit, St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart said U.S....

  • WASHINGTON, March 26- The number of Americans filing new claims for jobless benefits fell more than expected last week while activity in the services sector hit a six-month high in March, underscoring the economy's solid fundamentals despite a recent softening in growth. "The good news is that claims and the services sector data suggest the economy has gained...

  • DETROIT, March 26- Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday that the natural rate of unemployment in the United States was probably around 5 percent and might even be lower. "I think the natural rate of unemployment is probably around 5 percent and it may be lower than that," he told reporters after speaking to an investment...

  • Neogen misses Street 3Q forecasts Thursday, 26 Mar 2015 | 8:58 AM ET

    LANSING, Mich. _ Neogen Corp. on Thursday reported fiscal third-quarter net income of $7.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Three analysts surveyed by Zacks expected $70.4 million.