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News Summary: GM breaks ground on China plant
NEW PLANT: General Motors Co. executives broke ground for a $1.3 billion Cadillac factory in China to target luxury buyers in the world's biggest auto market. LUXURY SALES: Company leaders said the luxury segment would grow by 4 percent this year, about half the rate expected six months ago. But ...
Oil little changed before Fed's Bernanke speaks
The price of oil was down slightly Wednesday as traders waited to hear the latest on the Federal Reserve's monetary policy from chairman Ben Bernanke. Oil fell about 40 cents after the government said U.S. oil supplies rose by 300,000 barrels last week. But it quickly bounced back. Benchmark oil ...
Oil little changed before Fed's Bernanke speaks
The price of oil was down slightly Wednesday as traders waited to hear the latest on the Federal Reserve's monetary policy from chairman Ben Bernanke. Oil fell about 40 cents after the government said U.S. oil supplies rose by 300,000 barrels last week. But it quickly bounced back. Benchmark oil ...
Oil rises near $99 a barrel before Bernanke speaks
The price of oil rose to near $99 a barrel on Wednesday, driven by a report of falling U.S. stockpiles of crude and ahead of the conclusion of a meeting of the Federal Reserve. By early afternoon in Europe, benchmark oil for July delivery was up 20 cents to $98.64 ...
Tesla Model S recall for rear seat latch issue
Tesla is recalling as many as 1,228 of its Model S vehicles, citing a problem with a rear seat latch in the electric sports sedan. The company says no injuries or customer complaints have been reported. Chairman and CEO Elon Musk said in a blog entry Wednesday that the strength ...
GM breaks ground on China Cadillac plant
General Motors Co. executives broke ground for a new Cadillac factory in China on Wednesday to target luxury buyers in the world's biggest auto market, though they said the segment would grow slower than expected this year. Company leaders said they were optimistic about long-term growth in the luxury segment ...
Chrysler agrees to recall of Jeeps at risk of fire
After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. But the recall, which came in an 11th-hour deal between the automaker and the National Highway Traffic Safety Administration, covers only 1.56 million of ...
Business Highlights
___ NSA director says plot against Wall Street foiled WASHINGTON (AP) — The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing ...
RI building electric car charging stations
Rhode Island is building up to 50 electric vehicle charging stations for motorists around the state and also plans to purchase hybrid or electric-powered vehicles for the state fleet whenever possible, the governor announced Tuesday. Gov. Lincoln Chafee said the moves, paid for by federal stimulus money, will help improve ...
Metals decline as traders wait for Federal Reserve
Metal prices fell Tuesday as traders anticipate that the Federal Reserve may start easing its support for the U.S. economy. The price of gold for August delivery fell $16.20, or 1.2 percent, to $1,366.90 an ounce. Palladium and silver also declined. Only platinum bucked the trend and edged higher. The ...
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