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  • Truck deals boost US auto sales in September Wednesday, 1 Oct 2014 | 8:01 AM ET

    DETROIT— Big discounts on pickup trucks kept U.S. auto sales strong in September. General Motors Co. and Chrysler Group led the industry with 19- percent sales increases over last September.

  • DETROIT, Sept 30- Detroit should be able to access capital markets and borrow at a rate of around 5 percent after it exits bankruptcy, as long as its tax revenue remains stable, a city consultant said on Tuesday.

  • Masco spinning off installation division Tuesday, 30 Sep 2014 | 8:54 AM ET

    TAYLOR, Mich.— Building products maker Masco is spinning off its installation and other services division in a series of moves aimed at boosting shareholder value. Once the separation takes place, Masco will remain headquartered in Taylor, Michigan. Those businesses accounted for about $1.4 billion of Masco's $8.17 billion in 2013 revenue.

  • DEARBORN, Sept 29- Higher recall costs in North America and steeper losses in Russia and South America have caused Ford Motor Co to slash its forecast for pretax profit this year to $6 billion, from $7 billion to $8 billion previously, executives told investors at a briefing on Monday.

  • The Equal Employment Opportunity Commission brought one lawsuit in Florida and another in Michigan on Thursday on behalf of two transgender employees. In one case, funeral home director Amiee Stephens was fired after she told her employer in Michigan she was undergoing a gender transition, the government alleged.

  • DEARBORN, Sept 29- Ford Motor Co has lowered its expectation for pretax profit this year to $6 billion, from its previous forecast of $7 billion to $8 billion, the automaker's chief financial officer told investors on Monday.

  • *Allianz not planning closer Pimco oversight. FRANKFURT/ NEW YORK, Sept 29- Top executives of Pimco and its German parent, Allianz SE, scrambled on Monday to stem the outflow of money after the stunning exit of star bond manager Bill Gross last week, but even after months of internal strife Allianz said it plans to let Pimco continue to steer its own ship.

  • Business Highlights Monday, 29 Sep 2014 | 5:36 PM ET

    Microsoft to offer early look at next Windows. SAN FRANCISCO— Microsoft plans to offer a glimpse of its vision for Windows this week, as its new CEO seeks to redefine the company and recover from missteps with its flagship operating system.

  • Ford shares fall as company lowers Europe outlook Monday, 29 Sep 2014 | 4:08 PM ET

    At a conference for investors, the Dearborn, Michigan- based automaker said it expects a pretax profit of around $6 billion this year, down from the $7 billion to $8 billion it previously forecast.

  • BUSINESS-NEWS-SCHEDULE AT 1930 GMT / 3:30 p.m. ET Monday, 29 Sep 2014 | 3:30 PM ET

    FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.

  • DETROIT, Sept 29- U.S. safety regulators said Monday they are evaluating a petition to investigate about 1.7 million Toyota Corolla compacts for alleged engine surging and brake failure. The request was submitted by an unnamed consumer to the National Highway Traffic Safety Administration in a letter dated September 11, the agency said.

  • DETROIT, Sept 29- U.S. safety regulators said Monday they are evaluating a petition to investigate about 1.7 million Toyota Corolla compacts for alleged engine surging and brake failure. The request was submitted by an unnamed consumer to the National Highway Traffic Safety Administration in a letter dated September 11, the agency said.

  • Toyota recalls 690,000 pickups to fix rear springs Monday, 29 Sep 2014 | 1:30 PM ET

    DETROIT— Toyota says it is recalling 690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire. The recall covers Tacoma Four-by-Four and Pre-Runner pickups from the 2005 through 2011 model years. The automaker says the leaf springs can fracture due to stress and corrosion.

  • DETROIT, Sept 29- The United Auto Workers union and two top German labor groups have signed a letter of intent to jointly organize the Volkswagen AG assembly plant in Chattanooga, Tennessee, a top UAW official said on Monday.

  • Death toll from GM ignition switches now at 23 Monday, 29 Sep 2014 | 11:35 AM ET

    DETROIT— At least 23 people have died and 16 people have been seriously injured in crashes involving General Motors cars with defective ignition switches. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the totals in an Internet posting Monday.

  • DETROIT, Sept 29- A safety advocate group has petitioned U.S. regulators to open an investigation into an estimated 4.9 million Chrysler vehicles for issues that could lead to engine stalls and other problems, according to documents posted online by the U.S. National Highway Traffic Safety Administration.

  • Safety agency studying Toyota acceleration problem Monday, 29 Sep 2014 | 9:19 AM ET

    In the petition released Monday, electronics engineer Bob Ruginis of Bristol, Rhode Island, said a 2010 Corolla driven by his wife, Kathy, surged at low speeds several times, and a dealer couldn't find the cause.

  • Life is colorful for man behind Rainbow Loom craze Monday, 29 Sep 2014 | 8:55 AM ET

    WIXOM, Michigan— Cheong Choon Ng was trying to make rubber-band bracelets with his daughters four years ago when he realized his fingers were too big to manipulate the bands. "Everybody has got this good idea came about in their lifetime, and they regret not pursuing it," said Ng, whose headquarters are in an industrial park in Wixom, Michigan.

  • AAA Michigan: Gas prices rise 4 cents in week Monday, 29 Sep 2014 | 5:01 AM ET

    DEARBORN, Mich.— AAA Michigan says gasoline prices in the state have risen about 4 cents in the last week. Dearborn- based AAA Michigan surveys fuel costs at 2,800 Michigan gas stations daily. It says the cheapest price was $3.26 a gallon in the Traverse City area, and the most expensive was $3.53 in the Marquette area.

  • Bankruptcy's end more clear than Orr's future Sunday, 28 Sep 2014 | 12:25 PM ET

    DETROIT— Kevyn Orr's success in shepherding Detroit through its historic bankruptcy will leave him unemployed, at least temporarily, when and if his task in the Motor City is complete. Orr left the international law firm Jones Day to take the Detroit job in March 2013 for $275,000 per year. That July, he made Detroit the largest U.S. city to file for bankruptcy.