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  • WASHINGTON, Jan 22- The U.S. auto safety regulator plans to change its vehicle safety ratings program to include automatic emergency braking systems, putting pressure on automakers to add those features to new cars and trucks, Transportation Secretary Anthony Foxx said on Thursday. The National Highway Traffic Safety Administration will add the braking...

  • Euro plunges, but European brands are not on sale in US Thursday, 22 Jan 2015 | 3:25 PM ET

    NEW YORK— Americans hoping to save on European goods thanks to a falling euro shouldn't rush to uncork that bottle of French Bordeaux. Still, German sports cars, Belgian beers and the latest fashions out of Italy aren't going on sale anytime soon. "The U.S. economy is the one that's doing well in the world right now," notes IHS senior principal economist George...

  • ATLANTIC CITY NJ/ NEW YORK Jan 22- A new emergency management team for the casino resort town Atlantic City said it would take about six months for a turnaround plan to show results but it was' premature' to talk about bankruptcy for the city, which has seen gaming revenues decimated. New Jersey Governor Chris Christie on Thursday appointed a turnaround team,...

  • Powers of Atlantic City's new emergency manager Thursday, 22 Jan 2015 | 1:55 PM ET

    Chris Christie has appointed corporate turnaround specialist Kevin Lavin as the emergency manager for Atlantic City, and named Kevyn Orr, who helped Detroit through its municipal bankruptcy, as special counsel to Lavin. —Prepare within 60 days a plan to place the finances of Atlantic City in stable condition on a long-term basis by any and all lawful means,...

  • DETROIT— The U.S. government's auto safety agency wants to add two automatic emergency braking devices to its list of recommended safety features for new-car buyers. But it's unclear when or if the National Highway Traffic Safety Administration will require automakers to put the devices on all new vehicles. The recommendations help to encourage the auto...

  • DETROIT, Jan 22- German automakers BMW and Volkswagen are joining with ChargePoint to build a U.S. network of fast-charging stations for electric cars and plug-in hybrid vehicles, the companies said Thursday. East and West Coasts by the end of 2015 as part of an effort to promote greater sales of EVs such as the BMW i3 and the VW e-Golf. Tom Gage, chairman of EV Grid and...

  • ATLANTIC CITY, NJ/ NEW YORK Jan 22- New Jersey Governor Chris Christie on Thursday appointed a turnaround team, including former Detroit emergency manager Kevyn Orr, for Atlantic City in a step the struggling casino town has resisted. The team will be led by Emergency Manager Kevin Lavin, who previously worked for business and turnaround consultancy FTI.

  • DETROIT— In an effort to better compete with BMW and Mercedes, Cadillac wants about 700 smaller U.S. dealers to create "boutique" stores that focus on the General Motors luxury brand. The move, to be outlined Thursday at the Washington Auto Show by Cadillac President Johan de Nysschen, is designed to improve a customer's buying experience so it matches or exceeds...

  • NEW YORK Jan 22- New Jersey governor Chris Christie plans on Thursday to introduce former Detroit emergency manager Kevyn Orr as part of an emergency management team for struggling Atlantic City, according to a press invitation to the event. A former corporate bankruptcy lawyer at the firm Jones Day, he most recently guided Detroit through the biggest-ever...

  • DETROIT, Jan 22- General Motors Co has invested $300 million to upgrade and heavily automate its Detroit- Hamtramck plant ahead of this year's launch of the 2016 Cadillac CT6 luxury sedan, a company executive said Thursday. The investment includes the construction of a new body shop equipped with 205 robots and designed to use such advanced manufacturing...

  • DETROIT, Jan 22- The Obama administration on Thursday will unveil a change to its safety ratings program that awards cars and trucks up to five stars in crash tests, the Detroit News reported. The head of the U.S. National Highway Traffic Safety Administration, Mark Rosekind, said the change in the five-star New Car Assessment program will be announced by...

  • DETROIT, Jan 22- Johnson Controls Inc on Thursday posted a higher-than-expected quarterly profit and said it expected higher order rates for the rest of its fiscal year. In October, Johnson Controls said it would earn 74 cents to 77 cents a share. Milwaukee- based Johnson Controls said it still expected a full-year profit of $3.55 to $3.70 a share, excluding...

  • DETROIT, Jan 22- Johnson Controls Inc on Thursday posted a higher-than-expected quarterly profit and affirmed its fiscal-year outlook. Net income rose 12 percent to $507 million, or 76 cents a share, in the first quarter ended Dec. 31 from $451 million, or 69 cents a share, a year earlier. In October, Johnson Controls said it would earn 74 cents to 77 cents a share.

  • Flagstar Bancorp posts 4Q profit Thursday, 22 Jan 2015 | 6:51 AM ET

    TROY, Mich. _ Flagstar Bancorp Inc. on Thursday reported fourth-quarter net income of $11.1 million. Flagstar Bancorp shares have increased nearly 5 percent since the beginning of the year. Keywords: Flagstar Bancorp, Earnings Report.

  • ATLANTIC CITY, N.J.— In naming an emergency manager for Atlantic City on Thursday, New Jersey Gov. Neither man would say whether a Detroit-style bankruptcy filing is in store for Atlantic City, calling such talk premature. But the emergency order Christie issued gives Lavin the power "to place the finances of Atlantic City in stable condition on a long-term basis...

  • Cleanup is underway after nearly 3 million gallons of brine, a salty, toxic byproduct of oil and natural gas production, leaked from a pipeline in western North Dakota, the largest spill of its kind in the state since the current energy boom began. Operator Summit Midstream Partners LLC detected the pipeline spill on Jan. 6, about 15 miles north of Williston and...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • WASHINGTON, Jan 21- Most U.S. states expect to hit their revenue targets this fiscal year, but at least six states say they could fall short, the National Conference of State Legislatures said on Wednesday. Alaska, Arizona, Kentucky, Massachusetts, Michigan, and Vermont all expect to miss their revenue forecasts, according to the report. New Mexico and Indiana are...

  • Low gas prices, incentives change math for electric cars Wednesday, 21 Jan 2015 | 4:57 PM ET

    U.S. gas prices have fallen more than $1 per gallon over the last 12 months, to a national average of $2.06, according to AAA. Incentives averaged $4,159 per electric car last year, up 68 percent from 2013, according to Kelley Blue Book. The discounting, combined with new vehicles such as the BMW i3, the electric Kia Soul and the Mercedes B Class, boosted sales of...

  • State's jobless rate off 0.4 points to 6.3 percent Wednesday, 21 Jan 2015 | 2:49 PM ET

    LANSING, Mich.— Michigan's seasonally adjusted unemployment rate continued its rapid decline last month, falling 0.4 percentage points to 6.3 percent and its lowest level in 12 years, the state said Wednesday. Michigan's unemployment rate is still higher than the national average, which fell 0.2 points to 5.6 percent in December. "Michigan continued to display...