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  • Freezing temperatures, disruptions at West Coast ports and rising gas prices took a bite out of U.S. auto sales last month. Toyota and Subaru reported double-digit sales increases over last February, and Hyundai surprised with sales up 7 percent. Chrysler, General Motors, Honda and Nissan all saw gains of 6 percent or less.

  • Meadowbrook Insurance posts 4Q profit Monday, 2 Mar 2015 | 6:36 PM ET

    SOUTHFIELD, Mich. _ Meadowbrook Insurance Group Inc. on Monday reported fourth-quarter net income of $7.6 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Southfield, Michigan- based company said it had net income of 15 cents. Meadowbrook Insurance shares have declined almost 1 percent since the beginning of the year.

  • Diplomat Pharmaceuticals posts 4Q loss Monday, 2 Mar 2015 | 6:15 PM ET

    FLINT, Mich. _ Diplomat Pharmacy Inc. on Monday reported a loss of $3.1 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Diplomat Pharmaceuticals expects full-year earnings in the range of 47 cents to 50 cents per share, with revenue in the range of $2.8 billion to $3.1...

  • NEW YORK, March 2- IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands. The lawsuit filed in Manhattan federal court arose from IBM's announcement last Oct. 20 that it would sell the unit to...

  • DETROIT, March 2- General Motors Co wants to boost the U.S. market share for its GMC truck brand by two-thirds over the next decade by advertising more heavily and introducing new vehicles, a top executive said on Monday. To help with its goal to boost its share to 5 percent from about 3 percent now, it is almost doubling spending on the brand in that time frame,...

  • WASHINGTON— Congressional Republicans sent a message Monday that they hope the Supreme Court and voters will hear: They have ideas to keep the country's health care system from crumbling if the justices obliterate a bedrock feature of President Barack Obama's heath care law. They were released in the run-up to Wednesday's oral arguments before the Supreme...

  • DETROIT, March 2- Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co, said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker. In a statement to CNBC, Wilson said he is not a...

  • DETROIT, March 2- Takata Corp said on Monday it plans to double its capacity to make replacement air bag inflators over the next six months and it continues testing parts that could explode with too much force. Takata Chief Executive Shigehisa Takada said in a statement about the testing that "definitive conclusions have not yet been reached."

  • MADISON, Wis.— Opponents of right-to-work have dominated more than eight hours of testimony in a Wisconsin state Assembly committee that's hearing the fast-tracked proposal. A Senate committee hearing on the measure was cut about 40 minutes short. The Senate passed the bill last week and the Assembly is expected to vote on it Thursday.

  • DETROIT, March 2- Warren Buffett, Berkshire Hathaway's billionaire chief executive and one of the largest shareholders in General Motors Co, told CNBC on Monday he disagrees with putting former U.S. auto task force member Harry Wilson on the automaker's board. Berkshire Hathaway owned 2.55 percent of GM's shares at the end of last year, according to documents...

  • Portland resident Scott Werner said this winter has been "a horror show" for him and other lobster fishermen. A blanket of thick ice also has spread across the Great Lakes for the second consecutive winter, posing hardships for shippers and crews aboard Coast Guard icebreaking vessels but creating spectacular scenery along shorelines. In New York, the Coast...

  • DETROIT— When Alison Norris couldn't find work in Detroit, she searched past the city limits, ending up with a part-time restaurant job that's 20 miles away but takes at least two hours to get to via separate city and suburban bus systems. For many city residents with limited skills and education, Detroit is an employment desert, having lost tens of thousands of...

  • Just 24 percent of those polled said Congress should be allowed to have detailed oversight of the Fed, the poll shows. Fed Chair Janet Yellen came under pressure from conservatives in Congress this week, with some accusing her of bias towards Democrats. "There ought to be some review but I don't know that a full public disclosure of every comment attributed to...

  • WASHINGTON— Congress' dysfunction isn't limited to the struggle to keep a Cabinet department running without interruption. The to-do list includes forestalling a 21 percent cut in Medicare payments to physicians, preventing a cutoff of highway and transit dollars in the middle of peak construction season this summer and renewing critical parts of the...

  • House Roll Call: Approving 1-week DHS funding bill Friday, 27 Feb 2015 | 10:25 PM ET

    The 357-60 roll call Friday by which the House approved a bill to fund the Homeland Security Department for one week. The bill goes to President Barack Obama for his signature. Republicans— Aderholt, X; Brooks, N; Byrne, Y; Palmer, N; Roby, Y; Rogers, Y.

  • Business events scheduled for the coming week Friday, 27 Feb 2015 | 1:26 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • Business events scheduled for the coming month Friday, 27 Feb 2015 | 11:24 AM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • DETROIT— Fiat Chrysler is recalling more than 467,000 Dodge and Jeep SUVs worldwide to fix a faulty fuel pump relay at the root of a potential stalling problem. The recall announced Friday by the company covers 2012 and 2013 Dodge Durangos and 2011 Jeep Grand Cherokees outside North America. The September recall affected Grand Cherokees and Durangos from 2011...

  • *GM to stop car manufacturing in Indonesia. GM Indonesia to shutter assembly plant, axe 500 jobs. Feb 27- A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors said on Friday it would cease production of its Chevrolet Sonic in Thailand by the middle of this year.