National Business News

Chrysler expected to formally refuse Jeep recall

This March 6, 2012 photo provided by the law offices of Butler, Wooten & Fryhofer, LLP shows the scene of a crash in Bainbridge, Ga., where a 4-year-old boy named Remi Walden was burned and died when a Jeep Grand Cherokee was struck from the rear by a Dodge Dakota pickup truck. Chrysler is expected to file papers Tuesday, June 18, 2013, explaining why its refusing to recall 2.7 million older Jeep SUVs.

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. 23 minutes ago

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Archive by category ''National Business News

NATIONAL BUSINESS NEWS

Chrysler expected to formally refuse Jeep recall

Chrysler is expected to file papers Tuesday explaining its refusal to recall 2.7 million older Jeep SUVs.

32 minutes ago
NATIONAL BUSINESS NEWS

Tribune ends bankruptcy stint with lower earnings

The company that owns the Chicago Tribune, Los Angeles Times and more than 20 television stations, made slightly less money last year as it ended a lengthy ordeal in bankruptcy court.
NATIONAL BUSINESS NEWS

Lowe's offers to buy Orchard Supply for $205M

Lowe's plans to expand its California presence with an acquisition of Sears spinoff Orchard Supply Hardware Stores for about $205 million in cash.
NATIONAL BUSINESS NEWS

Elan holders OK buyback, vote down 3 deals

Shareholders of Irish drugmaker Elan Corp. PLC have potentially ended a takeover bid from Royalty Pharma by voting in favor of an Elan share buyback plan.
NATIONAL BUSINESS NEWS

Thrifty says offer of free rental car was mistake

Thrifty Car Rental says it's sorry, but many customers who were offered a free one-day rental won't be getting that after all.
NATIONAL BUSINESS NEWS

Americans throw away 90 billion pounds of food a year

The average American family of four wastes between $1,350 and $2,275 a year in food. Much of that ends up in the kitchen trash can: uneaten leftovers, milk past the expiration date and vegetables that go bad. In the U.S., all that waste adds up to 90 billion pounds of food a year, and the planet...
NATIONAL BUSINESS NEWS

Investors guess Fed's actions, push stocks higher

Investors on Wall Street are playing a guessing game with the Federal Reserve.
NATIONAL BUSINESS NEWS

Pressure on Fed to provide clarity in uncertain environment

Federal Reserve officials begin a pivotal two-day meeting Tuesday facing a dilemma. The economy is showing enough improvement to justify dialing back some of the Fed’s life support, yet financial markets are terrified of what might happen and are taking it out on the housing sector.
NATIONAL BUSINESS NEWS

World looks to Bernanke to clarify stimulus plans

Is the era of ultra-low interest rates nearing an end?
NATIONAL BUSINESS NEWS

Anger in southern Egypt over Islamist governor

Angry tourism workers and activists in Luxor threatened Monday to block a newly appointed Islamist governor from his office because of his links to a former militant group that killed scores of people in a 1997 attack in the ancient city and devastated Egypt's sightseeing industry.