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Saturday, October 10, 2015, 12:26 a.m.
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Broke trust, VW's U.S. chief tells Congress

posted: 10/09/2015 2:33 a.m. Discuss

WASHINGTON -- Volkswagen's top U.S. executive apologized Thursday for the automaker's rigged vehicles and members of Congress said the company had violated the public's trust.

Chrysler entry pay said to rise in accord

posted: 10/09/2015 2:31 a.m. Discuss

SOUTHFIELD, Mich. -- Fiat Chrysler Automobiles is offering so-called second-tier United Auto Workers members as much as $29 an hour -- up from $25 previously proposed -- under a new tentative agreement that avoided a strike by 40,000 union members, said two people familiar with the matter.

3.7 percent increase forecast for Christmas shopping

posted: 10/09/2015 2:30 a.m. Discuss

NEW YORK -- Americans are expected to spend at a slower pace than last year during the Christmas season, weighed down by sluggish wage growth and other factors, according to the nation's largest retail industry trade group.

Market report: Fed's meeting log pushes stocks higher

posted: 10/09/2015 2:27 a.m. Discuss

NEW YORK -- Signs that the Federal Reserve would keep interest rates low for several more months pushed stocks broadly higher on Thursday. Energy stocks advanced with the price of oil.

Founder sues over ouster at bond firm

posted: 10/09/2015 2:25 a.m. Discuss

LOS ANGELES -- Bill Gross, the founder of Pacific Investment Management Co. who left the firm during internal acrimony last year, is suing the company for breach of contract.

Business news in brief

posted: 10/09/2015 2:24 a.m. Discuss

Mortgage rates fall; hiring fears cited

Low-fare airlines on rise, but fees, delays, seats vex

posted: 10/09/2015 1 a.m. Discuss

DALLAS -- Spirit Airlines, Frontier Airlines and Allegiant Air, members of a new breed of airline called ultra-low-cost carriers, have grown rapidly by luring travelers with cheap base fares that undercut the big airlines.

BNSF lays 2nd LA-Chicago line

posted: 10/08/2015 2:12 a.m. Discuss

A noisy yellow machine laying down railroad track near Alva, Okla. -- as much as a mile a day of concrete and steel -- is Warren Buffett's solution to the industry's dwindling coal traffic.

O'Hare bonds avoid Chicago's ills

posted: 10/08/2015 2:11 a.m. Discuss

Even as Chicago confronts a fiscal crisis, investors are looking beyond its turbulent finances with anticipation toward the city's biggest bond deal ever.

Agency looks at financial disputes

posted: 10/08/2015 2:10 a.m. Discuss

The Consumer Financial Protection Bureau is considering rules that would limit a practice called forced arbitration, which consumer advocates say does a disservice to people who have disputes with banks, credit card issuers and other financial service providers.

Monsanto set to cut 2,600 jobs; reports fourth quarter loss

posted: 10/08/2015 2:09 a.m. Discuss

Monsanto Co. said Wednesday it will eliminate 2,600 jobs as part of a cost-saving plan designed to deal with falling sales of its biotech seeds and herbicides, which pushed its quarterly losses deeper into the red.

Memphis, Milwaukee dailies part of Gannett acquisition

posted: 10/08/2015 2:07 a.m. Discuss

Gannett Co. has reached an agreement to acquire newspaper company Journal Media Group for $280 million, giving the media giant control of publications in more than 100 local markets in the U.S., company officials announced Wednesday evening.

Union, Fiat Chrysler reach deal, avert strike

posted: 10/08/2015 2:06 a.m. Discuss

Fiat Chrysler Automobiles NV and the United Auto Workers averted a strike that would have sent the union's 40,000 members walking off the job.

Consumer debt at record $3.47 trillion

posted: 10/08/2015 2:04 a.m. Discuss

U.S. consumer borrowing advanced at a solid pace in August, as Americans took out more auto and student loans.

Market report: Trading muted, stocks log gains

posted: 10/08/2015 2:03 a.m. Discuss

Stocks posted solid gains in a quiet session Wednesday, helped by advances in health care and industrial companies.




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