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NY's Bloomberg and SF mayor announce tech summits
New York Mayor Michael Bloomberg and his San Francisco counterpart, Ed Lee, said at a news conference Friday that they are sponsoring a pair of technology summits over the next year. The mayors said the "digital cities" summits — one in New York in September and another in San Francisco ...
Business Highlights
_____ Microsoft brings Office to iPhone, but not iPad NEW YORK (AP) — Even as a pared-down version of Microsoft's Office software package arrived on the iPhone, the company is holding out on extending that to the iPad and Android devices as it tries to boost sales of tablet computers ...
Chrysler freezes pension plan for 8,000 employees
Chrysler Group LLC said Friday that it is freezing the pensions of roughly 8,000 U.S. salaried employees at the end of the year. The U.S. automaker said it is making the move to stay in line with industry trends and to comply with IRS regulations. The Auburn Hills, Mich.-based company ...
Cars from art deco period exhibited in Nashville
They are long, low, sleek and sexy. Many of the cars at a new exhibit called "Sensuous Steel" are one of a kind. Others are or were owned by famous people. What binds them together is their art deco design and the venue where they are showcased: the Frist Center ...
US factory output rises just 0.1 percent in May
U.S. factories barely increased their output in May after two months of declines, a sign that manufacturing is providing little support for the economy. The Federal Reserve said Friday that factory production rose just 0.1 percent in May from April. Output fell 0.4 percent in April and 0.3 percent in ...
News Summary: Honda recalls 104,500 cars worldwide
BRAKE PROBLEM: Honda is recalling 104,500 cars in 49 countries worldwide to fix problems with the brakes. THE PROBLEM: Honda says some power brake booster parts weren't made to specifications. That could cause a decrease in braking power over time and could increase the risk of a crash. But the ...
Ohio may allow car insurance proof by smartphone
Ohio drivers could provide required proof of insurance using smartphones rather than the typical printed card under a proposed change in state law. The bill would allow drivers to prove they are insured through information on electronic wireless communications devices such as cellphones, tablets and laptop computers. Drivers could use ...
Honda recalling 104,500 cars to fix brakes
Honda is recalling 104,500 cars in 49 countries worldwide to fix problems with the brakes. In the U.S., the recall covers more than 18,000 Acura RSX compact cars from 2006 and the Honda S2000 sports car from the 2006 and 2007 model years. About 70,000 of the recalled cars were ...
Honda recalling 18,000 cars to fix brakes
Honda is recalling more than 18,000 cars in the U.S. to fix problems with the brakes. The recall affects more than 13,000 Acura RSX compact cars from 2006 and the Honda S2000 sports car from the 2006 and 2007 model years. Honda says some power brake booster parts weren't made ...
Insurance to cover damaged Watertown cruisers
Watertown police say the town's insurance company has agreed to cover the cost of replacing three department vehicles peppered with bullet holes and damaged beyond repair by explosions during the shootout with the Boston Marathon bombing suspects. Chief Edward Deveau says insurance reimbursements total about $105,000, and will cover two ...
GM's Opel unit to start building cars in Belarus
General Motors Co.'s European Opel unit says it will start assembling cars for Russia and other eastern markets in Belarus next year. Germany-based Opel said GM signed an agreement Thursday to start building its Corsa model at facilities owned by partner Unison in Belarus. The cars will be sold in ...
Briton killed during vintage car rally in Russia
Organizers of the Peking to Paris Motor Challenge vintage car rally say a British participant has been killed in a collision in Siberia. Emma Wilkinson was in a 1970 Chevrolet C10 pickup that collided head-on with a car that was not in the race near the Russian city of Tyumen ...
Asian stocks slide led by Tokyo on worries
Asian stocks slid in early Thursday trading as gyrations on the Tokyo market, the region's biggest, continued — fueled by worries about a surging yen and monetary policies in the U.S. and Japan. Japanese media reports said overseas hedge funds may be dumping Japan's equities following a disappointment earlier in ...
Yamaha to expand vehicle production in Georgia
Officials at Yamaha Motor Manufacturing Corp. say they've opened a second assembly plant in Newnan and will hire 100 employees to work on a new utility vehicle. The Japanese company also said this week that it has completed transferring all of its ATV production to the Coweta County plant south ...
Chrysler recalling 6,900 heavy-duty 2012 trucks
Chrysler Group is recalling 6,900 heavy-duty Ram pickup trucks from the 2012 model year because part of the front axle could fracture and cause them to lose power. The automaker said Wednesday that the front prop shaft, which connects the engine to the axle, can bind or fracture. Chrysler investigated ...
Cooper CEO says buyer committed to US operations
A tire maker whose main market is in India is buying Ohio's Cooper Tire & Rubber Co. for $2.2 billion and making a commitment to maintain the company's three U.S. manufacturing plants and retain its management operation in Ohio, Cooper's chief executive said Wednesday. India's Apollo Tyres Ltd. said the ...
6 tips on getting a good deal on an auto lease
Even with low interest rates that make buying a car more affordable, many consumers are leasing a new car or truck instead. New vehicle leasing climbed in the first three months of 2013 to the highest level in seven years, according to Experian Automotive, a unit of credit data tracker ...
Stocks slide on Wall Street; Dow below 15,000
The stock market ended lower Wednesday as traders looked ahead to a critical Federal Reserve meeting next week. Without any major economic news, traders grappled with the question hanging over financial markets: When will the Fed and other central banks pull back their economic stimulus programs? The Dow Jones industrial ...
HP, Boston Beer, First Solar are big movers
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Hewlett-Packard Co., up 67 cents at $24.91 The computer and printer maker's stock rose after CEO Meg Whitman reiterated on CNBC that revenue could grow next fiscal year. Cooper Tire ...
Once-promising Ind. car venture ends in bankruptcy
A company that had planned to build high-tech police cars in a vacant plant that once housed a rust belt city's largest employer has filed for bankruptcy, dashing the hopes of a community desperate for economic rejuvenation. Carbon Motors Corp. filed for Chapter 7 liquidation in U.S. Bankruptcy Court in ...
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