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  • Automakers aim to drive away car computer hackers Monday, 24 Nov 2014 | 9:19 AM ET

    LOS ANGELES— Against the team of hackers, the poor car stood no chance. Meticulously overwhelming its computer networks, the hackers showed that— given time— they would be able to pop the trunk and start the windshield wipers, cut the brakes or lock them up, and even kill the engine. "You're stepping into a rolling computer now," said Chris Valasek, who helped catapult car...

  • Questions, answers about Detroit's bankruptcy Monday, 24 Nov 2014 | 1:05 AM ET

    DETROIT— The city of Detroit said Monday it needs more time to wrap up critical deals with creditors before it will be ready to officially emerge from bankruptcy. Detroit now says it could be ready by Dec. 8, and Judge Steven Rhodes set another hearing for Dec. 15. A: Detroit is poised to borrow $275 million from Barclays Capital, much of it to pay off other obligations...

  • Flights resume at Detroit airport after ice delays Saturday, 22 Nov 2014 | 9:53 AM ET

    ROMULUS, Mich.— Flights are starting to resume at Detroit Metropolitan Airport after icy runways kept planes from arriving and departing. Conway says one Delta Air Lines plane landed around 7 a.m. but skidded off a taxiway into grass. Icy conditions have caused numerous accidents on Detroit- area roadways, including a multi-vehicle crash on M-14 in western Wayne...

  • WASHINGTON, Nov 21- A top Federal Reserve official on Friday pledged to a Senate investigative subcommittee that the U.S. central bank would broaden its review of gaps in its regulation of the physical commodity operations of U.S. banks. In response to questioning at a hearing on Friday, Fed Governor Daniel Tarullo said the bank would look into filling those...

  • DETROIT, Nov 21- Ford Motor Co said on Friday its 2015 F-150 aluminum-intensive pickup truck, the most important model in its latest lineup, will get 5 to 29 percent better fuel economy than its previous versions. The Chrysler LLC Group's Ram 1500 3- liter V6 with a diesel engine, which it called EcoDiesel, gets 28 mpg on the highway, 20 mpg in city driving and a combined...

  • DETROIT, Nov 21- Ford Motor Co announced that the 2015 F-150 aluminum-intensive pickup truck, the most important model in its lineup, will get 5 percent to 29 percent better fuel economy than its previous versions. Ford said it sent this week the first shipments of the 2015 F-150 from its primary truck plant in Dearborn, Michigan, and will get to U.S. dealers in the...

  • NEW YORK, Nov 21- The morning after President Barack Obama announced his sweeping action to overhaul the U.S. immigration system, conservative groups and states were already pulling together legal strategies to dismantle the plan. Opponents said there will likely be a three-pronged legal approach to stymie Obama's moves: Congress could sue the president for...

  • Ford's new F-150 to get 26 mpg, tops among pickups Friday, 21 Nov 2014 | 11:57 AM ET

    DEARBORN, Mich.— Ford said Friday that its new aluminum-bodied F-150 pickup will get up to 26 mpg on the highway, making it the most fuel efficient gas-powered full-size pickup. With gas now averaging $2.84 per gallon, the aluminum F-150 will save the average buyer only $100 to $200 a year in fuel costs over competing gasoline models from General Motors and...

  • EPA delays decision on ethanol in gas Friday, 21 Nov 2014 | 11:16 AM ET

    A final decision was due before the end of the year on the already-delayed standards, but the EPA said Friday the final rule will now come in 2015.. Meanwhile, next-generation biofuels, made from agricultural waste such as wood chips and corncobs, have not taken off as quickly as Congress had required and the Obama administration anticipated.

  • As snow ends, roof collapses, floods are concerns Friday, 21 Nov 2014 | 10:29 AM ET

    BUFFALO, N.Y.— A snowfall that brought huge drifts and closed roads in the Buffalo area finally ended Friday, yet residents still couldn't breathe easy, as the looming threat of rain and higher temperatures through the weekend and beyond raised the possibility of floods and more roofs collapsing under the heavy loads. More than 30 major roof collapses, most...

  • Executives brave frigid Detroit night for charity Friday, 21 Nov 2014 | 10:15 AM ET

    Forty business executives, college administrators and other professionals found out firsthand, for at least one night, what it's like to be homeless in Detroit. Andrea Fischer Newman, senior vice president for government affairs at Delta Air Lines, and Wayne State University President M. Roy Wilson and his wife, Jacqueline Wilson, were among those given a pair of...

  • "We are conducting a careful and thorough assessment of the costs and benefits of financial holding company engagement in these activities," Fed Governor Daniel Tarullo said in prepared remarks ahead of a Senate subcommittee hearing on the issue of banks' involvement with physical commodities. Goldman Sachs Group Inc, Morgan Stanley and J.P. Morgan built huge...

  • Dow Chemical agrees to add board members Friday, 21 Nov 2014 | 9:57 AM ET

    NEW YORK— Dow Chemical Co. has agreed to add four new members to its board of directors after pressure from hedge fund activist Daniel Loeb's Third Point. In January, Third Point disclosed that it bought a stake in Dow, calling it its biggest investment. Third Point currently has a 1.9 percent stake in the company.

  • Economists predict continued Michigan job growth Friday, 21 Nov 2014 | 9:37 AM ET

    ANN ARBOR, Mich.— Michigan's economy will continue to improve over the next two years after five years of steady job growth, University of Michigan economists said Friday in an annual forecast. Fulton, the director of the school's Research Seminar in Quantitative Economics, said there are "several positive story lines" when looking at Michigan's economy in...

  • Toyota recalls nearly 423K Lexuses for fuel leaks Friday, 21 Nov 2014 | 8:21 AM ET

    DETROIT— Toyota is recalling nearly 423,000 Lexus luxury brand cars in the U.S. to fix fuel leaks that can cause fires. The recalls affect the 2006 to 2011 GS, 2007 to 2010 LS and the 2006 to 2011 IS models. The company first began looking into the matter in June of 2010 after getting a report of gasoline odor coming from a customer's engine compartment, according to...

  • NEW YORK, Nov 21- Complex deals employed by Goldman Sachs' metals storage unit to build vast stockpiles and then maintain queues test the spirit of the London Metal Exchange operating code, shocking many traders and confirming others' suspicions. An explosive U.S. Senate report released on Wednesday revealed the "imaginative" methods used to lure millions of...

  • Kozy Shack recalls some puddings over labeling Thursday, 20 Nov 2014 | 9:02 PM ET

    ARDEN HILLS, Minn.— Pudding maker Kozy Shack Enterprises is recalling some of its puddings because they are not labeled as containing milk. The product was distributed to 20 states— Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia, West...

  • NEW YORK, Nov 20- In an often-heated hearing before a U.S. Senate investigative subcommittee, Goldman Sachs Group Inc on Thursday rejected allegations that Wall Street banks exploited physical commodity markets to manipulate prices and gain unfair trading advantages. Led by Senator Carl Levin, who chairs the Senate's Permanent Subcommittee on...

  • WASHINGTON/ NEW YORK, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator...

  • Takata warns about ability to fix deadly air bag Thursday, 20 Nov 2014 | 7:07 PM ET
    A Takata employee sews an airbag at Takata's current crash-testing facility in Auburn Hills, Michigan.

    An executive from Japan's Takata Corp told U.S. senators on Thursday that the company may not be able to move quickly enough with air bag fixes.