U.S. stock index futures pointed to a lower start to trade on Tuesday, as investors awaited the start of the Federal Reserve meeting.» Read More
Alibaba risk: China's rise leaves out investors. WASHINGTON— American investors are clamoring to buy a stake in Chinese e-commerce giant Alibaba, which is launching what may prove the biggest initial public stock offering ever. IPOs, according to research by Jay Ritter, a finance professor at the University of Florida.
WASHINGTON, Sept 16- Federal auto safety regulators came under scrutiny in a Senate hearing on Tuesday for their role in General Motors' failure to promptly report and recall cars with defective parts that led to at least 19 deaths.
DETROIT— Republicans on the House Commerce Committee released a report Tuesday critical of the National Highway Traffic Safety Administration, the government's top auto safety agency, and its handling of General Motors' delayed recall of 2.6 million cars with defective ignition switches.
Ford Motor Co. rose$. 01 or. 1 percent, to $16.49. General Motors Co. rose$. 24 or. 7 percent, to $33.87. Honda Motor Co. fell$. 28 or. 8 percent, to $34.23.
DETROIT— Early demand is so high for General Motors' new small pickup trucks that the company is hiring more workers to build them even before one is sold to the public. The factory already employs 2,600 people who build the Colorado and Canyon as well as the Chevrolet Express and GMC Savana full-size vans.
Ford Motor Co. fell$. 13 or. 8 percent, to $16.34. General Motors Co. fell$. 11 or. 3 percent, to $33.52. Honda Motor Co. fell$. 43 or 1.2 percent, to $34.07.
LOS ANGELES— Computer-driven cars have been testing their skills on California roads for more than four years— but until now, the Department of Motor Vehicles wasn't sure just how many were rolling around. Google's souped-up Lexus SUVs are the biggest fleet, with 25 vehicles. Google alone is closing in on 1 million miles.
WASHINGTON— The government's auto safety agency should have discovered General Motors' faulty ignition switches seven years before the company recalled 2.6 million cars to fix the deadly problem, a House committee majority charged Tuesday in a new report.
WASHINGTON, Sept 16- Federal auto safety regulators played a significant role in General Motors Co's failure to promptly report and recall cars with defective parts that led to at least 19 deaths, a congressional report said on Tuesday.
*Opel to speed up localisation of suppliers. BERLIN, Sept 16- U.S. carmaker General Motors is cutting production and shedding around 500 jobs at its Opel division in Russia, hit by a plunge in local demand due to a slowing economy and Western sanctions.
Sept 15- The top U.S. auto safety regulator harshly criticized General Motors Co for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a "new normal" for safety recalls.
Ford Motor Co. fell$. 12 or. 7 percent, to $16.47. General Motors Co. rose$. 36 or 1.1 percent, to $33.63. Toyota Motor Corp. rose$. 05 or percent, to $117.16.
'Minecraft' could boost Microsoft's mobile reach. NEW YORK— Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. In addition, the founders of Mojang, the Swedish company behind "Minecraft," aren't staying with Microsoft.
Attorney Robert Hilliard, represents the families of the death victims suing GM. Hilliard says GM was flat wrong when they said there were 13 deaths while covering up the fraud. CNBC's Phil LeBeau provides insight.
General Motors' compensation fund announced its first round of victim claims relating to faulty GM vehicles. CNBC's Phil LeBeau reports the details.
There are 19 eligible claims for a person who died in a defective GM vehicle—and that number is likely to go higher.
Ford Motor Co. fell$. 12 or. 7 percent, to $16.48. General Motors Co. rose$. 47 or 1.4 percent, to $33.74. Honda Motor Co. fell$. 08 or. 2 percent, to $34.42.
CNBC's Phil LeBeau reports on the total number of compensation fund claims that have been received and approved by General Motors and attorney Kenneth Feinberg.
CNBC's Phil LeBeau speaks to attorney Ken Feinberg about the 445 claims already submitted since August 1. After speaking with families, Feinberg says this is not about the money for them, but more personal.
CNBC's Phil LeBeau speaks to attorney Ken Feinberg about the process of firming up which of the 445 claims submitted since August 1 are eligible for compensation funds.