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Archive: (24 Stories)

Hot cars at the Detroit auto show

01/15/2014 1:26am
The North American International Auto Show begins this week in Detroit with media and industry previews. It opens to the public Jan. 18.

General Motors' quarterly dividend is back

01/15/2014 1:32am
General Motors Co. said Tuesday that it will resume paying a quarterly dividend for the first time in nearly six years and named a new CFO.

Obama to nominate Calif. businesswoman to lead SBA

01/15/2014 5:07am
President Barack Obama intends to nominate Maria Contreras-Sweet, the founder of a Latino-owned community bank in Los Angeles and a former California cabinet secretary, to be head of the Small Business Administration, according to a White House official.

Portugal aims to raise $17.7B in bonds this year

01/15/2014 5:31am
Portugal's government debt agency said Wednesday it plans to raise up to 13 billion euros ($17.7 billion) from bond sales this year as the country recovers from a financial crisis that forced it to ask for a bailout.

US wholesale costs rose last month on gas prices

01/15/2014 7:00am
U.S. wholesale prices increased in December, pushed up by rising gasoline prices and energy costs. But overall inflation remained mild.

Ford's European sales down 2.1 percent in 2013

01/15/2014 7:39am
Ford's money-losing European business saw sales fall 2.1 percent last year in a tough market where unemployment and a slow recovery are holding back buyers.

Bank of America 4Q earnings jump nearly five-fold

01/15/2014 8:09am
Bank of America Corp. said Wednesday that its fourth-quarter profit jumped from a year earlier, as the loans on the bank's balance sheet continued to improve.

GM predicts modest pretax profit gain this year

01/15/2014 12:30pm
General Motors Co. said Wednesday it expects a modest gain in pretax profits this year as global sales growth slows.

How the Fed compiles the Beige Book, at a glance

01/15/2014 12:30pm
Eight times a year, the Federal Reserve issues the Beige Book, a snapshot of business conditions in each of the Fed's 12 regional bank districts. The findings are all anecdotal; there are no numbers. The Beige Book is updated two weeks before each meeting of the Fed's policymaking meeting in Washington.

Correction: Holiday Sales story

01/15/2014 12:52pm
In a story Jan. 14 about holiday sales, The Associated Press reported erroneously the full name of a yoga-inspired clothing company. It's Lululemon Athletica, not Lululemon Athleta.

Ford recalls 27,933 Edge crossovers

01/15/2014 1:06pm
Ford Motor Co. is recalling 27,933 Edge crossovers in the U.S. because a damper in the fuel line could crack and cause fuel leaks.

IMF head urges caution to avoid harming recovery

01/15/2014 1:55pm
The head of the International Monetary Fund warned policymakers on Wednesday to avoid mistakes that could derail a fragile global recovery.

Hershey takes on fast-growing Nutella

01/15/2014 1:56pm
Americans apparently like smearing their foods with chocolatey spreads.

Pizza Hut's latest gambit: Imperfect crusts

01/15/2014 2:02pm
If you notice some air bubbles and stray cheese on your Pizza Hut pie crust, it's not an accident. It's all part of an effort to appear more "authentic."

Fed: US economic growth healthy over holidays

01/15/2014 2:07pm
A Federal Reserve survey shows economic growth remained healthy in most U.S. regions in late November and December, helped by gains in consumer spending and factory output.

'Miracle on the Hudson' survivors mark 5 years

01/15/2014 3:03pm
The pilots and some passengers on a plane that made an extraordinary landing on the Hudson River marked the fifth anniversary of that remarkable event on Wednesday, giving thanks to those who kept everyone who was on that flight alive.

Merck blood thinner gets 'yes' vote from FDA panel

01/15/2014 3:10pm
A panel of federal experts has recommended approval for an experimental blood thinner from Merck despite serious side effects including internal bleeding.

US bank profits grow, with several caveats

01/15/2014 3:40pm
Three of the nation's biggest banks _ JPMorgan Chase, Bank of America and Wells Fargo _ are benefiting from growing deposits, fewer bad loans and higher investment banking fees.

SBA nominee has ownership, lending experience

01/15/2014 3:52pm
The woman nominated to be the next head of the Small Business Administration has spent decades working with small companies and did a stint in state government.

Key considerations for unwed couples buying a home

01/15/2014 3:54pm
Married couples represent the majority of homebuyers, but more couples are teaming up to buy a home before they get hitched. If they ever do.

A list of 33 JC Penney stores closing

01/15/2014 4:58pm
Struggling department-store operator J.C. Penney announced it will cut 2,000 jobs and close 33 underperforming stores as it tries to get back on the path to profitability.

American cutting flights from NY, DC after merger

01/15/2014 4:58pm
American Airlines and US Airways will drop year-round, daily nonstop flights from Washington's Reagan National Airport to Detroit, San Diego and 15 other cities because of the deal they made to win government approval of their merger.

CSX 4Q profit slips 5 percent but volume improves

01/15/2014 5:08pm
CSX railroad's fourth-quarter profit declined 5 percent as coal demand remained weak, but the volumes it hauled grew as the economy improved.

J.C. Penney to cut 2,000 jobs, close 33 stores

01/15/2014 5:09pm
Struggling department-store operator J.C. Penney announced it will cut 2,000 jobs and close 33 stores as it tries to get back on the path to profitability.