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Archive: (11 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job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce.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.

5 homemade halloween costumes for kids

10/14/2013 3:30pm
Halloween is approaching and with it brings the stress of picking out the perfect costume. For those with kids, finding great costumes for the whole family can add an extra layer of worry during the month of October.

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.