BANGKOK— A Thai court has ordered Ford Motor Co. to pay 291 customers a total of about $720,000 in compensation for selling cars equipped with faulty transmissions. Most of the plaintiffs in the class action suit will get payments of $800 to $8,000 each depending on the number of times and length of time their cars took to be repaired. Earlier, Dearborn, Michigan-...
GRAND RAPIDS, Mich. _ Steelcase Inc. on Thursday reported fiscal second-quarter profit of $49.1 million. For the current quarter ending in December, Steelcase said it expects revenue in the range of $885 million to $915 million. Steelcase shares have risen 6 percent since the beginning of the year.
DETROIT— Nissan recalled nearly 240,000 cars and SUVs worldwide due to a fire risk and is advising people to park the vehicles outdoors in rare cases. If drivers see the anti-lock brake warning lamp for more than 10 seconds after starting the engine, Nissan urges them not to drive the vehicles and park them outdoors and away from structures or other vehicles.
ZEELAND, Mich. _ Herman Miller Inc. on Wednesday reported fiscal first-quarter earnings of $35.8 million. On a per-share basis, the Zeeland, Michigan- based company said it had profit of 60 cents. Analysts surveyed by Zacks had expected revenue of $639.9 million.
Sept 19- AutoNation Inc said on Wednesday it will begin a search for a new chief executive as longtime CEO Mike Jackson plans to move to an executive chairman role at the largest U.S. auto retail chain next year. Jackson has a contract to remain as executive chairman until 2021, the company said in a statement. He led AutoNation's expansion to become the largest...
WASHINGTON— Seeking better-skilled workers, Cedar Electronics decided last year to return some of its manufacturing to the United States from the Philippines, only to run smack into a worsening U.S.- China trade war. On Monday, Trump intensified his trade war with China by announcing tariffs on an additional $200 billion of Chinese goods, including antennas...
*Trump imposes 10 pct tariffs on $200 bln goods from China. *China says will retaliate, but markets shrug. China said it will levy tariffs on about $60 billion worth of U.S. goods, as previously planned, but cut the level of tariffs it will collect.
DETROIT— Tesla Inc. has turned over documents to the U.S. Justice Department after statements by CEO Elon Musk about taking the company private, the electric car maker confirmed Tuesday. Bloomberg News reported Tuesday morning that the Justice Department is running a criminal probe parallel to an investigation by the Securities and Exchange Commission.
DETROIT— The Renault-Nissan-Mitsubishi alliance, one of the world's top-selling automakers, has decided to go with Google's Android operating system to run its dashboard information and entertainment features. They'll also be able to download auto-specific apps, such as those that find and pay for parking spaces, from the Google Play Store.
TOLEDO, Ohio— There are spicy beers and even peanut butter beers, made to stand out on crowded shelves. The ghastly-looking "Alegae Bloom" beer made by Maumee Bay Brewing Co., which relies on Lake Erie for its water, is a good conversation starter that reminds customers about the toxic algae that show up each year in the shallowest of the Great Lakes, said brewery...
President Donald Trump's latest trade actions could push up car prices in Michigan, Governor Rick Snyder told CNBC at the World Economic Forum in Tianjin.
TOLEDO, Ohio— There are spicy beers and even peanut butter beers, made to stand out on crowded shelves. The ghastly-looking "Alegae Bloom" beer made by Maumee Bay Brewing Co., which relies on Lake Erie for its water, is a good conversation starter that reminds customers about the toxic algae that show up each year in the shallowest of the Great Lakes, said brewery...
Michigan Governor Rick Snyder notes that car prices in his state could rise as a result of Washington's latest duties on Chinese imports.
PORTLAND, Ore.— A part-owner and operator of medical marijuana dispensaries in Oregon was sentenced to seven months in prison Monday, marking what a prosecutor called the country's first federal sentencing of a legal pot business owner for tax crimes. Matthew Price also was ordered to pay $262,776 restitution to the Internal Revenue Service during...
NEW YORK, Sept 17- While U.S. states' financial health has strengthened in 2018 compared with last year, fewer than half have enough financial reserves to weather the first year of a moderate recession, according to an S&P Global Ratings report on Monday. Only 20 states have the reserves needed to operate for the first year of an economic downturn without having to...
DETROIT— British diver who helped with Thai cave rescue files lawsuit against Elon Musk for calling him a pedophile on Twitter.
Married women overall are still in their peak earning years in their 50 s and early 60 s, while married men's earnings are on the decline, says economist Nicole Maestas, an associate professor of health care policy at Harvard Medical School and the author of a recent study about couples' income and retirement patterns. As a result, married women typically...
MIDLAND, Mich.— DowDuPont has named the chief executives who will lead its agriculture and specialty products businesses once they're split off from the company. The company said Monday that James Collins, the chief operating officer at DowDuPont's agriculture unit, will lead Corteva Agriscience. Shares of DowDuPont Inc. moved slightly higher when trading...
*China could restrict export of key goods to U.S. BEIJING, Sept 17- China will not be content to only play defense in an escalating trade war with the United States, a widely read Chinese tabloid warned, as U.S. The United States and China have already levied duties on $50 billion worth of each other's goods in an intensifying row that has jolted global financial...
*China could restrict export of key goods to U.S. BEIJING, Sept 17- China will not be content to only play defense in an escalating trade war with the United States, a widely read Chinese tabloid warned, as U.S. The United States and China have already levied duties on $50 billion worth of each other's goods in an intensifying row that has jolted global financial...
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