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Archive: (25 Stories)

CEO: Toyota's slice of US market is about right

10/16/2013 1:01am
After five up and down years, Jim Lentz thinks Toyota is right where it's supposed to be.

Bio Box: Toyota North America CEO Jim Lentz

10/16/2013 1:02am
Toyota Motor Corp. Senior Managing Officer and North America CEO Jim Lentz

Recall over botulism fear dents sales at Danone

10/16/2013 3:01am
Revenue at French dairy company Danone was flat in the third quarter after an infant formula recall over fears of botulism contamination.

Berkshire Hathaway buys UK beverage machine firm

10/16/2013 5:53am
Warren Buffett's company is buying the beverage-dispensing machine business of Britain's IMI PLC for $1.1 billion.

Advance Auto Parts buying General Parts for $2.04B

10/16/2013 6:41am
Advance Auto Parts Inc. said Wednesday it is buying General Parts International Inc. for $2.04 billion in cash, which the companies say will create the biggest automotive replacement parts provider in North America.

Plains GP Holdings rises in 1st day on the NYSE

10/16/2013 8:08am
Shares of oil and natural gas pipeline company Plains GP Holdings LP are modestly higher in their market debut.

Springleaf shares rises after $336.7M IPO

10/16/2013 8:21am
Shares of Springleaf Holdings jumped Wednesday morning after the lender expanded its initial public offering, selling $336.7 million in stock.

Buffett says allowing US default would be idiocy

10/16/2013 9:16am
Billionaire Warren Buffett said Wednesday it would be idiocy for the nation's leaders to allow the United States to default on its bills.

GM boosts prices as pickup truck battle rages

10/16/2013 9:20am
General Motors is adding a twist to the fight for supremacy in the red-hot U.S. pickup truck market: It's raising prices.

News Summary: Experts question oil spill estimates

10/16/2013 11:02am
CRUDE ESTIMATE: Scientists who helped calculate oil spilled from a broken BP well into the Gulf of Mexico are questioning the methodology used to estimate the amount of crude that recently leaked from a ruptured pipeline in North Dakota.

News Summary: Debt deal doesn't touch big issues

10/16/2013 11:48am
GROUNDHOG DAY: House-Senate talks are barely touching the underlying causes of debt-and-spending stalemates that pushed the country close to economic crises in 2011, last December and again this month, making brinkmanship likely again, perhaps repeatedly.

GM to sell Impala powered by natural gas, gasoline

10/16/2013 11:51am
General Motors says it will start selling a Chevrolet Impala sedan next summer that runs on both natural gas and gasoline.

News Summary: North Korea to expand economic zones

10/16/2013 11:51am
COURTING INVESTMENT: North Korea plans to set up more special economic zones and has created a group to assist potential foreign investors in a bid to bolster its economy, state media and the organizers of a rare international conference in Pyongyang said Wednesday.

Knight Capital will pay $12M for trading glitch

10/16/2013 12:23pm
Financial services company Knight Capital Americas will pay $12 million to settle charges it violated SEC rules in connection with a costly trading glitch in August 2012.

Fed: Growth slows in places on shutdown worries

10/16/2013 12:37pm
The Federal Reserve said economic growth slowed in a few key regions of the United States from September through early October, as businesses grew worried about a budget impasse that led to a partial government shutdown.

JPMorgan pays $100M, admits fault in London trades

10/16/2013 12:42pm
JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that its traders acted "recklessly" during a series of London trades that ultimately cost the bank $6 billion.

News Summary: Gov't wrangling hurts auto sales

10/16/2013 3:29pm
THE NUMBERS: The partial government shutdown and wrangling over borrowing have hurt auto sales. Data collected by J.D. Power and Associates showed that sales slowed to an annual pace of 15.3 million in the week ended Oct. 11.

US court says Bernanke doesn't have to testify now

10/16/2013 3:35pm
A U.S. court has ruled that Federal Reserve Chairman Ben Bernanke needn't answer questions in a lawsuit filed by the former head of American International Group Inc. until he leaves office in January.

Leases for plug-in electric cars may offer savings

10/16/2013 3:50pm
Automakers have sweetened deals in recent months for plug-in electric cars in a bid to boost sales and move the vehicles off dealer lots as the end of the year nears.

Washington budget fight hurts auto sales

10/16/2013 3:51pm
Auto sales tailed off last week, and some dealers and experts are pointing the finger at bickering politicians in Washington.

Veeva Systems stock soars on debut

10/16/2013 4:33pm
Shares of Veeva Systems Inc. nearly doubled in their trading debut Wednesday after the cloud-based software company raised about $261 million in its initial public offering.

Canada PM to head to Brussels to conclude EU deal

10/16/2013 4:36pm
Canadian Prime Minister Stephen Harper plans to travel to Brussels on Thursday to conclude a free trade deal with the European Union.

Deal lifts markets but does little for US economy

10/16/2013 5:14pm
The budget agreement Congress reached Wednesday cheered investors and removed the threat of a catastrophic debt default that could have triggered another recession.

FDA: Antibiotic recalled due to visible particles

10/16/2013 5:20pm
Federal health officials are alerting doctors to the recall of an injectable antibiotic made by B. Braun Medical, due to floating particles found in plastic containers of the drug.

Harley-Davidson recalls some '14 motorcycles

10/16/2013 5:25pm
Harley-Davidson is voluntarily recalling some 2014 motorcycle models because of a possible safety issue.