Business News

  • GM Recalls 971,000 More Vehicles
    General Motors said it is recalling 971,000 more vehicles world-wide, the latest in a string of recalls to address faulty ignition switches and just days ahead of its CEO’s appearance on Capitol Hill.
  • Euro Zone Edges Closer to Deflation
    Spanish consumer prices unexpectedly fell from a year ago and German inflation edged below 1%, suggesting the euro zone is edging closer to a paralyzing bout of extremely low inflation.
  • German Minimum Wage Gains Backing
    Germany’s plan for a minimum wage, initially attacked as a job-killer, is winning begrudging support from business leaders.
  • GM, Dealers Gear Up for Recall
    General Motors and its dealers are gearing up to blunt the impact of a global recall that now covers 2.6 million cars with defective ignition switches.
  • Ford CEO Got 11% Pay Raise
    Ford Chief Executive Alan Mulally received an 11% raise last year as the second-largest U.S. auto maker by revenue delivered one of its best financial performances ever.
  • Russian Arms Ties Snarl U.S. Sanctions Efforts
    Close American ties with Russia’s largest arms-exporting firm are complicating efforts to punish President Vladimir Putin and his generals for the annexation of Crimea, U.S. officials said.
  • Guilty Pleas of Dewey Staff Detail the Alleged Fraud
    The extent of an alleged scheme to hide the true financial condition of now-defunct law firm Dewey & LeBoeuf became clearer, when a judge revealed the identities of former employees who have pleaded guilty to helping carry it out.
  • Obama Calls for New Rules to Cut Methane Emissions
    In his fight against climate change, President Barack Obama is directing federal agencies to clamp down on emissions of methane, a potent greenhouse gas emitted from energy, agriculture and other industries.
  • Chemical's Maker Cited It as a Risk
    The maker of a chemical that leaked into the water supply in West Virginia this year warned in a 1998 document that the substance may cause blood disorders.

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