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  • LOS ANGELES, April 10- Former Enron trader and hedge fund billionaire John Arnold may be about to launch a national publicity campaign to convince U.S. voters of the need to reform public pensions, according to a document seen by Reuters. Growing costs were significant factors in the recent bankruptcies of Detroit and the California cities of Stockton and San...

  • The luxury versions of Apple Watch, known as Edition, have price tags ranging from $10,000 to $17,000. Watch cases are made with 18- karat gold alloys, and some of the pricier models have special band options unavailable with other models. In the U.S., 21 stores will make them available for try-ons, including three in New York City.

  • NEW YORK— The nation's highway safety chief says his agency will push for quick action on a regulation requiring electronic speed limiters on big rigs. The statements Thursday by Mark Rosekind, administrator of the National Highway Traffic Safety Administration, came at a discussion with reporters ahead of his speech at a safety symposium in New York.

  • U.S. agency weighs reopening Jeep fires probe Thursday, 9 Apr 2015 | 5:17 PM ET

    DETROIT, April 9- U.S. vehicle safety regulators said Thursday they could reopen an investigation into whether Fiat Chrysler Automobiles needs to take more action to reduce the risk of gas tank fires in older Jeep sport utilities. "All options are available to us to address" the issue of fires in Fiat Chrysler Automobiles' older Jeep SUVs, a National Highway...

  • DETROIT— General Motors Co. plans a major overhaul of its technical center in the Detroit suburb of Warren, the automaker announced Thursday, on the same day Mayor Jim Fouts revealed that an unnamed business is considering a $1 billion investment that could create 3,000 jobs. Neither he nor GM spokesman Dan Flores would confirm that the $1 billion investment...

  • US safety agency may reopen Jeep fire investigation Thursday, 9 Apr 2015 | 1:47 PM ET

    NEW YORK— The U.S. government's highway safety agency may reopen an investigation into Jeep gas tanks that can rupture and cause fires in rear-end crashes, the agency's top official said Thursday. Mark Rosekind, administrator of the National Highway Traffic Safety Administration, told reporters in New York that he's not happy with the Jeep case and says...

  • GM to suspend Volt production for 4 weeks this summer Thursday, 9 Apr 2015 | 10:52 AM ET

    DETROIT— General Motors will stop making the Chevrolet Volt for four weeks in June and July due to slow sales and to deal with the change to an all-new version of the gas-electric hybrid car. The company says the Detroit- Hamtramck plant that makes the Volt and four other cars will probably stay open through the summer despite plans for the Volt.

  • Here's the best new reason to wash your car often Thursday, 9 Apr 2015 | 7:00 AM ET

    The message came Wednesday from the National Highway Traffic Safety Administration, which closed a five-year investigation into rusting pipes that carry brake fluid in about 5 million older Chevrolet, Cadillac and GMC pickups and SUVs, without seeking a recall. NHTSA's finding that the GM trucks weren't defective came even though it received 3,645...

  • GM mulls $1.3 bln expansion of Texas assembly plant Wednesday, 8 Apr 2015 | 8:22 PM ET

    April 8- General Motors Co is mulling a $1.3 billion expansion of its Arlington, Texas, assembly plant to boost production of its sport-utility vehicles, according to documents from the city. The company, which is among the top 10 employers in Arlington according to the city's website, will spend $307 million on the physical expansion and $986 million on new...

  • April 8- Ballooning pension payments, difficult negotiations with labor unions and threatened state funding cuts are some of the challenges facing Rahm Emanuel, who won a second term as Chicago's mayor on Tuesday. As a result, rating agency Moody's Investors Service has dropped Chicago's general obligation credit rating six notches since 2010 to Baa2, two...

  • DETROIT— When auto companies roll out exciting new models like they did at last week's New York auto show, the unveilings can sometimes push down the price of cars already on sale. Last week in New York, Honda unveiled a new Civic compact that looks like a European sports car, and Chevrolet showed off a new Malibu midsize car that looks like a coupe, with more legroom...

  • Mylan and Perrigo: About the companies Wednesday, 8 Apr 2015 | 2:01 PM ET

    NEW YORK— Drugmaker Mylan has offered $205 a share, totaling nearly $30 billion, for fellow drugmaker Perrigo. NET INCOME: $205.3 million in fiscal 2014, which ended June 28. REVENUE: $4.06 billion in fiscal 2014, which ended June 28.

  • NEW YORK— In a deal that would combine two generic drugmakers that recently left the U.S. for Europe, Mylan says it wants to buy Perrigo for $205 per share, or $28.86 billion. If they combine, Mylan and Perrigo would become one of the world's largest makers of generic and over-the-counter medicines. Mylan's cash-and-stock offer comes at a premium of 24 percent to...

  • CHICAGO/ NEW YORK, April 8- Rahm Emanuel may have been elected to a second term as Chicago's mayor on Tuesday but now he faces a stark choice: inflict pain on the city's population in the form of unpopular measures such as higher taxes or kick its problems further down the road and risk a fiscal crisis that could even lead to bankruptcy later. "The day there's no more...

  • DETROIT— U.S. safety regulators have denied a New Jersey man's request to investigate Fiat Chrysler minivans because they can stall after refueling. The National Highway Traffic Safety Administration says 720 complaints were filed with the agency and Chrysler about the problem in Chrysler Town and Country and Dodge Grand Caravan vans.

  • Tesla boosts range, power and price of low-end Model S Wednesday, 8 Apr 2015 | 7:01 AM ET

    DETROIT— Electric car maker Tesla Motors is going after mainstream luxury car buyers by adding all-wheel-drive and more range and power to the base version of its only model. CEO Elon Musk says with a $7,500 federal tax credit that takes the price to $67,500, plus tax credits in some states, the new version is price-competitive with BMW's midsize 5- Series, or the...

  • DETROIT, April 8- Tesla Motors Inc began taking orders on Wednesday for a new base version of its Model S electric sedan that is $5,000 more expensive than its predecessor, but offers better performance, longer range and more features, including all-wheel drive. The Model S 70 D gets "a slight price increase, but it's a huge value increase," Tesla's chief executive,...

  • Senator Rand Paul accused his fellow Republicans on Tuesday of contributing to Washington's dysfunction, launching a 2016 White House bid with a vow to shatter the status quo and defend individual freedoms. He cast himself as an anti-establishment reformer who could break partisan gridlock and win new converts to the party, saying his fellow Republicans...

  • Senator Rand Paul promised to be a different kind of Republican on Tuesday, launching a 2016 White House bid by saying he would stand up for individual freedoms that are being trampled by "the Washington machine." The first-term senator from Kentucky, a libertarian with a reputation for challenging party orthodoxy, criticized Republicans in Congress and the...

  • WASHINGTON, April 3- U.S. employers added the fewest number of jobs in more than a year in March, which could heighten concerns over the recent slowdown in economic growth and delay an anticipated interest rate increase by the Federal Reserve. Nonfarm payrolls rose 126,000 last month, the smallest gain since December 2013, the Labor Department said on Friday.