Obama administration criticizes potential tax extender deal

The Obama administration on Monday criticized a potential deal in Congress to extend expiring tax breaks as "fiscally irresponsible," arguing that lawmakers would be favoring businesses over working families.

Obama Announces Resignation Of Chuck Hagel As Defense Secretary

Detroit eyes bankruptcy exit in second week of December: attorney

Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday.

City Bankruptcy Ruling Expected In Detroit

Tesla says in talks with BMW over car batteries, parts

U.S. electric carmaker Tesla Motors is in talks with Germany's BMW over a possible alliance in batteries and light-weight components, Tesla's Chief Executive Elon Musk told German weekly Der Spiegel.

Los Angeles Hosts Annual Auto Show



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Norwegian Air CEO rejects criticism of plan for U.S. budget airline

US Airlines: a Frontier Airlines plane

The chief executive of Norwegian Air Shuttle rejected arguments by U.S. airlines and unions that his efforts to build a low-cost, long-haul airline serving the United States would undermine U.S. wages and working standards.

U.S. underlying inflation rising; economy firming broadly

Consumer Spending Drops Two Straight Months For The First Time In 2009

Underlying inflation pressures rose in October, even as falling gasoline prices kept overall U.S. consumer prices in check, bolstering expectations of a mid-2015 interest rate hike from the Federal Reserve.

Arizona is first U.S. state to sue GM over delayed recalls

King Felipe VI Of Spain Visits General Motors Building in Zaragoza

In the first lawsuit brought by a state against General Motors Co over recalls relating to a defective ignition switch, Arizona has accused the company of putting the public at risk by concealing safety issues and delaying the recalls.

U.S. regulator to Chrysler's Marchionne: get act in gear on Jeep recall

Chrysler Presents The Hold Steady Powered By Pandora

U.S. government safety regulators on Thursday told Chrysler Group LLC Chief Executive Sergio Marchionne that the company "have to get their act in gear" to speed up repairs of recalled Jeep SUVs that face a heightened fire risk.

Asia shares take comfort from U.S. data, yen nurses losses

Halliburton CEO Rings NYSE Opening Bell On Company's 95th Anniversary

Asian shares took solace from data showing broad U.S. economic strength even as signs of spreading weakness in China and Europe checked risk appetite, while the yen nursed its losses after sliding to multi-year lows against the dollar and euro overnight.


China cuts key short-term money rate as Beijing pushes down cash costs

China's central bank lowered the yield for a key short-term money rate on Tuesday, the fourth time it has done so this year, as regulators step up efforts to reduce funding pressure for Chinese companies.

Honda Workers Return to Work After A Four Month Factory Shut Down

Honda admits under-reporting serious U.S. accidents since 2003

Honda Motor Co failed to notify U.S. safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003, the automaker acknowledged on Monday.

Syrian Refugees Conduct A Silent Protest To Demand A Solution To Their Plight

Stalled Greek bailout talks to resume in Paris on Tuesday

Greek government officials and EU/IMF lenders will hold talks in Paris on Tuesday on a crucial bailout review that has stalled over disagreement on a projected budget gap for next year.

China Daily Life

China ready to cut rates again on fears of deflation - sources

China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.

World Leaders Gather For G20 Summit In Brisbane

Countdown to missed opportunity for EU economy

The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy.

Clive Palmer

Police probe political funding of mining magnate Clive Palmer: The Australian

Australian police are investigating allegations about the misuse of A$12 million ($10.5 million) in Chinese funds during the 2013 political campaign of mining magnate Clive Palmer, The Australian newspaper reported on Monday.

CEO's Discuss Future Of American Manufacturing In Washington

Dow Chemical CEO says not quitting Kuwait, but shifting strategy

U.S. petrochemicals giant Dow Chemical Co (DOW.N) is not pulling out of Kuwait but is shifting strategy, its chief executive said on Monday, after the company announced plans to reduce its equity positions in all of its Kuwaiti ventures.

Australia's Reserve Bank Keeps Interest Rates On Hold

Banking culture breeds dishonesty, scientific study finds

A banking culture that implicitly puts financial gain above all else fuels greed and dishonesty and makes bankers more likely to cheat, according to the findings of a scientific study.

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