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Archive: (10 Stories)

Ford, University of Michigan open new battery lab

10/14/2013 4:08am
Ford Motor Co. and the University of Michigan are opening a new battery research and manufacturing lab that they hope will speed the development of batteries for electric and hybrid cars.

Ikea sees sales, market share grow further

10/14/2013 4:22am
Buoyed by increasing demand for its popular furniture and accessories, Ikea says sales grew more that 3 percent to 27.9 billion euros ($38 billion) in the latest fiscal year.

Poll: Half of older workers delay retirement plans

10/14/2013 4:27am
Stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce. Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday by the Associated Press-NORC Center for Public Affairs Research.

US never defaulted on its debt? Not so fast

10/14/2013 8:55am
You hear the same proud claim every time Washington wrestles with the debt limit: The United States has never defaulted. But the record's not that clean. America has stiffed creditors on at least two occasions.

News Summary: Economics Nobel won by 3 Americans

10/14/2013 9:37am
DISRUPTORS: Three Americans won the Nobel prize for economics for developing methods to study trends in stock, bond and house prices _ work that has changed the way people invest.

Germany dodges tougher EU car emission limits

10/14/2013 11:04am
Germany has managed to delay tougher European Union car emission rules amid fears they could harm its automotive industry.

Around world, threat of US default induces shrugs

10/14/2013 11:22am
Warren Buffett likens it to a nuclear attack. Economists warn that government spending on programs like Social Security would plunge. The Treasury says the economy would slide into a recession worse than the last.

3 US economists win Nobel for work on asset prices

10/14/2013 11:29am
Three American professors won the Nobel prize for economics Monday for shedding light on how stock, bond and house prices move over time_ work that's changed how people around the world invest.

Macy's to open on Thanksgiving for the first time

10/14/2013 3:41pm
Macy's Inc. says it will open most of its stores for the first time on Thanksgiving, breaking a long-standing tradition for the venerable retailer.

Bernanke hails Mexico's central bank independence

10/14/2013 7:01pm
Federal Reserve Chairman Ben Bernanke says central bank independence is vital to the credibility needed to keep inflation under control.