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  • *Weekly jobless claims drop 16,000. WASHINGTON, May 19- The number of Americans filing for unemployment aid fell from a 14- month high last week, the latest sign the economy was picking up speed in the second quarter and likely would be healthy enough for the Federal Reserve to raise interest rates in June. Minutes from the Fed's April 26-27 policy meeting,...

  • DETROIT— Uber is testing a self-driving car on public streets in Pittsburgh. The San Francisco ride-hailing company says Pittsburgh is an ideal place to test self-driving cars because it has a wide variety of weather and road types. Uber Technologies Inc. announced a partnership with Pittsburgh's Carnegie Mellon University last year.

  • May 19- General Motors Co said it was expanding its car-sharing service Maven to Boston, Chicago and Washington D.C., nearly four months after the service was launched. The app-based service has already started offering 30 vehicles at over 15 sites in Chicago for $8 per hour, including gas and insurance, the automaker said on Thursday. GM launched the service in...

  • *Weekly jobless claims drop 16,000. WASHINGTON, May 19- The number of Americans filing for unemployment aid fell from a 14- month high last week, the latest sign that the economy was regaining speed after stumbling in the first quarter. Initial claims for state unemployment benefits declined 16,000 to a seasonally adjusted 278,000 for the week ended May 14, the...

  • DETROIT— Fiat Chrysler is recalling about a half-million Jeep Wrangler SUVs worldwide because the driver's air bag may not inflate in a crash. The recall covers Wranglers from the 2007 through 2010 model years, including 392,000 in the U.S. Another 7,400 2011-2016 Wranglers in the U.S. with right-hand-drive also are affected.

  • DETROIT— General Motors is expanding its Maven car-sharing service to Boston, Chicago and Washington, D.C.. The app-based service started in Ann Arbor, Michigan, in February and quickly moved to New York City. The company says its answer to ZipCar already has started operating in Chicago, renting 30 vehicles at over 15 sites, for $8 per hour including gas and...

  • WASHINGTON, May 19- The number of Americans filing for unemployment aid fell from a 14- month high last week, the latest sign that the economy was regaining speed after stumbling in the first quarter. Initial claims for state unemployment benefits declined 16,000 to a seasonally adjusted 278,000 for the week ended May 14, the Labor Department said on Thursday.

  • The annual study for the Governors Highway Safety Association attributes the increase mainly to increased travel nationwide and better weather leading to a longer riding season in many states. But study researchers from Sam Schwartz Consulting say the biggest change that could cut motorcycle deaths would be restoring mandatory helmet laws in 32 states...

  • WASHINGTON, May 18- General Motors Co is expected to announce plans to compensate about 130,000 individual U.S. owners of SUVs that had inflated fuel economy labels, sources briefed on the plans said on Wednesday. The Detroit automaker said on Friday it was temporarily halting sales of about 60,000 new 2016 U.S. GM Canada is expected to offer a similar...

  • DETROIT/ SAN FRANCISCO, May 18- Tesla Motors Inc will offer up to $1.7 billion of new common stock to finance the accelerated launch of its new Model 3 electric sedan, the electric luxury car maker said on Wednesday. They were $206.59 in after market trading, well below the $242 a share price at which the company last issued new shares, in August 2015.

  • May 18- Tesla Motors Inc said it would offer $2 billion of stock to help finance the accelerated launch of its new Model 3 electric sedan. Tesla Chief Executive Elon Musk surprised investors last month with his decision to speed up the introduction of the Model 3, a smaller, less expensive car than Tesla has built, and expand production capacity at the Tesla plant...

  • May 18- Tesla Motors Inc said it would sell $2 billion of stock to help finance the accelerated launch of its new Model 3 electric sedan. Shares were down 1.8 percent at $207.30 following the news after markets closed on Wednesday. Tesla Chief Executive Elon Musk surprised investors last month with his decision to speed up the introduction of the Model 3, a...

  • NEW YORK, May 18- Andersons Inc, an Ohio- based grain merchant set up about 70 years ago as a truck terminal, has rejected a $1 billion hostile takeover bid from HC2 Holdings Inc, a company run by former hedge fund manager Philip Falcone. It also has stakes in four ethanol plants which it manages in Michigan, Indiana, Ohio, and Iowa; leases and manages a fleet of more than...

  • WASHINGTON, May 17- U.S. auto safety regulators will oversee General Motors Co's decision-making about potential vehicle safety issues for another year, until May 2017, the National Highway Traffic Safety Administration told the automaker in a letter made public on Tuesday. The Detroit automaker agreed to monthly meetings and enhanced oversight in 2014 and...

  • WASHINGTON, May 17- U.S. auto safety regulators will oversee General Motors Co's decision-making about potential vehicle safety issues until May 2017, the National Highway Traffic Safety Administration told the automaker in a letter made public on Tuesday. The Detroit automaker agreed to monthly meetings and enhanced oversight in 2014 and was fined $35...

  • NEW YORK/ CHICAGO, May 17- Fitch Ratings' announcement that it will pull its ratings on tobacco bonds sold by U.S. states and local governments was not shaking up the market for the high-performing debt on Tuesday. Billions of dollars of bonds are backed by money from U.S. tobacco companies under a 1998 master settlement agreement to compensate 46 states,...

  • WASHINGTON/ TOKYO, May 17- Japan's Takata Corp declared nearly 14 million air bag inflators defective as part of an expanded U.S. recall, but it said it considered the recall investigative, leaving the thorny question of cost-sharing with automakers unresolved. The airbags have the potential to inflate violently, spraying metal shrapnel in the vehicle and have...

  • WASHINGTON, May 16- Japanese air bag manufacturer Takata Corp on Monday filed reports with U.S. auto safety regulators declaring nearly 14 million air bag inflators defective. Earlier this month, Takata said it would expand recalls for defective air bag inflators by 35 million to 40 million in several tranches through 2019, adding to the 28.8 million recalled...

  • MELBOURNE, May 13- London copper edged up on Friday, recovering from more than two-month lows plumbed in the previous session, but was still set for a second weekly drop as a stronger dollar compounded pressure over fears of renewed slowdown in top consumer China. *London Metal Exchange copper climbed half a percent to $4,634.50 a tonne by 0028 GMT, following a 2-...

  • Gulf of Mexico forced Royal Dutch Shell on Thursday to shut in all wells that flow to its Brutus platform, federal regulators said. The sheen is near Shell's Glider Field, a group of four subsea wells whose production flows through a subsea manifold to the Brutus platform, which sits in water with a depth of 2,900 feet. Brutus began operation in 2001 and was designed...