DETROIT— Military and commercial vehicle maker AM General will start making Mercedes-Benz SUVs this summer under a new, multi-year contract with the German automaker. AM General will make the R-Class, a seven-seat SUV, at its commercial vehicle plant in Mishawaka, Indiana. The R-Class was briefly sold in the U.S. but is now sold exclusively in China.» Read More
NEW YORK-- The financial losses are starting to pile up as a result of the NHL lockout. In speaking to reporters after talks finished up for the day between the NHL and the NHLPA, Deputy Commissioner Bill Daly estimated that the league has lost $100 million in revenues from the canceled preseason.
NEW YORK-- An analyst cut his rating on shares of Starwood Hotels& Resorts Worldwide Inc. on Tuesday because of the weaker global economy. Raymond James' William Crow lowered his rating to "Outperform" from "Strong Buy" for the operator of the Sheraton, Westin, W and St.
MIAMI-- Dwyane Wade will not be wearing Jordan Brand sneakers and apparel. Wade said his time with Converse and Jordan has been an "unbelievable nine years." Wade made the switch from Converse to Jordan Brand in 2009. Both are owned by Nike Inc..
ATLANTA-- A drop in last-minute travelers in September hurt a key revenue measurement for Delta Air Lines Inc., the company said on Tuesday, although its fuel bill came in lower than expected, too. Per-seat passenger revenue rose 0.5 percent in September. Delta had previously said it expected an increase of 1 percent to 3 percent.
CLINTON, Iowa-- Republican vice presidential nominee Paul Ryan said Tuesday that he and running mate Mitt Romney would help more Americans find jobs so that they can pay taxes. At a rally on the front lawn of a county courthouse, the Wisconsin Republican faced a question from a voter about why so many people don't pay federal income taxes.
CHARLOTTE, N.C.-- Vice President Joe Biden on Tuesday criticized Republican presidential candidate Mitt Romney for proposing policies that Biden says would cut taxes for millionaires and raise them for middle-class families.
TEGUCIGALPA, Honduras-- In some countries political campaigns give out bumper stickers and yard signs. In Honduras, one of Latin America's poorest countries and also its most dangerous, candidates dole out another kind of political swag: coffins for the destitute.
TORRANCE, Calif.-- Honda said Tuesday its September U.S. sales jumped 31 percent, boosted by strong demand for its Acura luxury vehicles. BY THE NUMBERS: Honda sold a total of 117,211 vehicles last month, up from 89,532 in the same month last year. TOP SELLER: Sales of the Accord sedan rose 57 percent to 29,182 from 18,639 in September 2011.
CoreLogic, a private real estate data provider, said U.S. home prices rose 4.6 percent in August from a year ago, the largest year-over-year increase in more than six years. Prices are rising in most parts of the country, CoreLogic said. _ PulteGroup Inc., up 18 cents, or 1.2 percent, to $15.49.
HELENA, Mont.-- The state Labor Department says Montana's minimum wage will increase by 15 cents an hour to $7.80 beginning on Jan. 1. Labor Commissioner Keith Kelly said Tuesday the cost of living rose by 1.7 percent from August 2011 to August 2012, leading to the increase in minimum wage.
BATON ROUGE, La.-- Louisiana lawmakers agreed Tuesday to regulations that will govern a package of new business tax breaks pushed by Gov. Louisiana's economic development secretary will be able to offer three tax incentives to businesses considering whether to relocate or expand here.
TORRANCE, Calif.-- Toyota Motor Sales U.S.A. Inc. said that U.S. sales jumped 41.5 percent in September from a year ago, as sales jumped for vehicles including its Corolla and Camry sedans, as well as Prius cars and Tacoma pickup trucks. BY THE NUMBERS: The Japanese automaker sold a total of 171,910 vehicles last month, compared to 121,451 in September 2011.
ESCONDIDO, Calif.-- The North County Times reports that it is laying off one-third of its staff, including 24 in the newsroom. Hotelier Doug Manchester bought the North County Times for $12 million from Lee Enterprises Inc., less than a year after buying U-T San Diego.
GREENSBORO, N.C.-- Electronics maker Lenovo will start making computers at its warehouse near Greensboro, N.C.. Lenovo is a Chinese company with a headquarters in Morrisville. In the past two years, Lenovo has opened plants in China, Brazil and the United States.
AUGUSTA, Maine-- Heating oil prices are going up in Maine. The lowest prices were in southern Maine, and the highest were in northern Maine. Maine energy officials say heating oil prices are tracking the rising price of crude oil, which has escalated over the summer months.
NEW YORK-- A trial will be held next year for five of Bernard Madoff's former employees who are accused of conspiring in history's biggest Ponzi scheme. The Oct. 7, 2013, trial date was set Tuesday by a federal judge in Manhattan. Madoff is serving a 150- year prison sentence in North Carolina.
NASHVILLE, Tenn.-- Three Tennessee employees have sued Wal-Mart claiming they lost pay and promotion opportunities because they are women. The Barrett Johnston law firm said the lawsuit, filed Tuesday in Nashville, is the third of its kind against Wal-Mart since 2011..
2. "NCIS," CBS, 20.48 million. 4. "NCIS: Los Angeles," CBS, 16.74 million. 5. "The Big Bang Theory," CBS, 15.66 million.
Shares of Chipotle Mexican Grill Inc. plunged Tuesday after well-known hedge fund manager David Einhorn reportedly said that the burrito chain is facing increasing competition from Taco Bell as well as higher costs. THE SPARK: Einhorn, who runs Greenlight Capital, was speaking at the Value Investing Congress, an investor conference, in New York Tuesday.