Ford told US dealers to stop test-driving and selling some recently made models due to steering gear issues.» Read More
DETROIT-- Workers rejected a judge's "ridiculous" order Monday to end a strike protesting job cuts at the Detroit regional water department, a union lawyer said. Union attorney George Washington called federal Judge Sean Cox's injunction "outrageous" and said he would file a motion to dissolve it.
WASHINGTON, Oct 1- The U.S. Supreme Court on Monday refused to consider a Michigan blogger's challenge of the use of full-body scanners and thorough pat-downs at airport checkpoints.
TORONTO-- The Great One is optimistic about the NHL's labor situation. Wayne Gretzky thinks the league's lockout will end before the showcase Winter Classic between the Detroit Red Wings and Toronto Maple Leafs.
DETROIT-- Honda is recalling 600,000 Accord midsize cars in the U.S. and Canada to fix a faulty power steering hose that can leak fluid and cause a fire. Honda has a report of one fire but no injuries or crashes. Any owner who suspects a leak should take their car to a dealer for inspection, Honda spokesman Ed Miller said Monday.
NEW YORK-- TRW Automotive Holdings Corp. said Monday that its board approved a $1 billion share repurchase plan, prompting an analyst to reiterate a "Buy" rating on the auto parts maker's stock. A significant portion of its sales come from Europe, where new vehicle demand has fallen this year amid the continuing economic uncertainty there.
DEARBORN, Mich.-- AAA Michigan says gasoline prices have fallen 2.2 cents during the past week to a statewide average of about $3.88 per gallon. Of the Michigan cities it surveys, AAA Michigan said the cheapest price for self-serve unleaded fuel is in the Lansing/ E. Lansing areas, where it's about $3.83 a gallon.
KALAMAZOO, Mich.-- Medical device maker Stryker Corp. on Monday named Kevin Lobo, the president of its orthopedics business, as its new president and CEO, effective immediately.
WASHINGTON-- The Supreme Court won't hear a Florida man's attempt to challenge the use of full-body scanners at airports.
DETROIT-- Honda is recalling 573,000 Accord midsize cars in the U.S. to fix a defective power steering hose that can leak fluid and catch fire. Honda says one fire was reported but no injuries. The National Highway Traffic Safety Administration says the hoses can deteriorate prematurely, causing cracks and leaks.
RICHMOND, Va.-- Tredegar, which makes plastic films and aluminum extrusions, said Monday it bought aluminum extrusion maker AACOA Inc. for about $50.8 million. Tredegar said that the acquisition will add fabrication capabilities to the products and services of its subsidiary, The William L. Bonnell Co..
*Tredegar stock rises more than 3 percent. Oct 1- Tredegar Corp said on Monday that its subsidiary Bonnell Aluminum has acquired 100- percent ownership of AACOA Inc, a U.S. manufacturer of extruded aluminum for machinery and equipment.
Oct 1- Honda Motor Co Ltd is expanding a recall in North America to include more than 600,000 Accord mid-size sedans to address a potential power steering fluid leak problem that could cause a fire under the hood.
WASHINGTON, Oct 1- The U.S. Supreme Court on Monday refused to consider a Michigan blogger's challenge to the use of full-body scanners and thorough pat-downs of passengers at airport checkpoints.
Oct 1- Auto parts supplier Visteon Corp named Timothy Leuliette, who has been acting chief executive since Aug. 10, as CEO and president and said Francis Scricco would take over as chairman.
DETROIT-- Auto parts maker Visteon Corp. has named former Dura Automotive CEO Timothy Leuliette as its new chief executive. Leuliette, 62, had been Visteon's interim CEO and chairman since Aug. 10, when Don Stebbins stepped down from the posts.
While the July unemployment figure rose a tenth of a point from June to 8.3 percent, the government says 44 states saw their rates increase.
Retail gasoline prices in the U.S. Midwest were as much as 50 cents higher than in the rest of the country this week, and a number of contributing factors are to blame.
CNBC presents a list of 10 foreign-owned brands, businesses and landmarks that are perceived by the public to be as American as it gets.
Ranked in order from the least expensive to the most expensive mansion, here are the priciest homes in the 10 biggest cities in the U.S.
With many cities now preoccupied with other crushing costs — pension obligations, retiree health care, accumulated unpaid bills — a sudden call to honor a long-forgotten bond guarantee can be a bolt from the blue, precipitating a crisis. The New York Times reports.