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Metals decline as traders wait for Federal Reserve
Metal prices fell as traders anticipate that the Federal Reserve may start easing its support for the 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 central bank ...
News Summary: Chrysler agrees to recall 2.7M Jeeps
CHRYSLER CAVES: Chrysler reversed course and agreed to recall 2.7 million Jeeps Tuesday. The company insists the vehicles are safe, and initially denied the government's request to recall them. But it says it realizes customers are worried. THE ISSUE: The recall covers the 1993-2004 model Grand Cherokee and 2002-2007 model ...
Oil climbs above $98 ahead of Fed policy news
The price of oil rose above $98 Tuesday as traders awaited the latest word on both the Federal Reserve's monetary policy and U.S. oil supplies. U.S. benchmark oil for July delivery rose 67 cents to close at $98.44 a barrel on the New York Mercantile Exchange. The focus in oil ...
Chrysler agrees to recall of Jeeps at risk of fire
Chrysler avoided a showdown with government safety regulators Tuesday, agreeing to recall 2.7 million older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire. Earlier this month the company defiantly refused the government's request to recall the Jeeps. But Chrysler now says it ...
When car rental reservations aren't honored
We're sorry, sir, but we don't have any cars left. That was my unpleasant welcome to Michigan by Hertz. I had a reservation. They saw the reservation. The problem: Hertz hadn't actually saved me a car. So here I was, just off a plane in Kalamazoo, suitcase in tow and ...
News Summary: European car sales hit 20-year low
EUROPEAN CAR SALES: European car sales in May were the worst in 20 years as the region's recession drags on. More than half of European Union nations are in recession and U.S. automakers have been shuttering factories and cutting hours. RUBBER HITS ROAD: Passenger car demand dropped by 5.9 percent ...
Chrysler expected to formally refuse Jeep recall
In one of the biggest-ever showdowns between an automaker and the government, Chrysler on Tuesday is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching fire in rear-end collisions. The government says 51 people have suffered fiery deaths in ...
Chrysler expected to formally refuse Jeep recall
In one of the biggest-ever showdowns between an automaker and the government, Chrysler on Tuesday is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching fire in rear-end collisions. The government says 51 people have suffered fiery deaths in ...
Argentine cash controls bring bargains, headaches
The Brazilian visitors gawk in wonder as they stroll past shop windows along touristy Florida street in the Argentine capital. The jackets, the shoes — they're all so cheap when your purse is stuffed with black-market money. Visitors who turn to the streets rather than the banks to swap their ...
Vt. and Quebec announce electric car corridor
Starting this fall, people who drive electric vehicles should be able to travel the 138-mile route between Burlington and Montreal without worrying they'll run short of a charge thanks to a planned electric vehicle charging corridor, Vermont Gov. Peter Shumlin and Quebec Premier Pauline Marois announced in Montreal. Initially the ...
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