Business

Business Turnabout: Chrysler agrees to recall of Jeeps at risk of fire Turnabout: Chrysler agrees to recall of Jeeps at risk of fire
By DEE-ANN DURBIN AP Auto Writers Published: Jun 18, 2013 at 12:21 PM PDT
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.
Business U.S. consumer prices rise just 0.1 percent in May U.S. consumer prices rise just 0.1 percent in May
By CHRISTOPHER S. RUGABER, AP Economics Writer Published: Jun 18, 2013 at 8:19 AM PDT
U.S. consumer prices rose slightly in May as higher energy costs were partly offset by cheaper food. The small increase comes after two straight declines, underscoring that American consumers are benefiting from mild inflation.
Business U.S. home construction rises 6.8 percent in May U.S. home construction rises 6.8 percent in May
By MARTIN CRUTSINGER, AP Economics Writer Published: Jun 18, 2013 at 8:15 AM PDT
U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years. The gains show housing remains a key source of growth for the economy.
Business Sprint sues to stop Dish Clearwire buyout Sprint sues to stop Dish Clearwire buyout
By Associated Press Published: Jun 18, 2013 at 8:08 AM PDT
Sprint is suing to stop Dish Network's buyout of wireless data network operator Clearwire. The nation's third-largest cellphone carrier said the proposed deal violates the rights of Sprint and other Clearwire shareholders.
Business European car sales hit 20-year low for May European car sales hit 20-year low for May
By COLLEEN BARRY, AP Business Writer Published: Jun 18, 2013 at 8:06 AM PDT
European car sales had their worst May in 20 years as the region's recession drags on, the European automakers' association said Tuesday.
Business U.S. homebuilder confidence soars to 7-year high U.S. homebuilder confidence soars to 7-year high
By ALEX VEIGA, AP Real Estate Writer Published: Jun 17, 2013 at 8:00 AM PDT Last Updated: Jun 17, 2013 at 10:28 AM PDT
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.
Business UK's Cameron rallies world leaders to N. Ireland UK's Cameron rallies world leaders to N. Ireland
By SHAWN POGATCHNIK, Associated Press Published: Jun 17, 2013 at 7:58 AM PDT
Leaders of eight of the world's wealthiest nations sought elusive progress on lowering trans-Atlantic trade barriers and pushing the warring factions in Syria toward the negotiating table as the G-8 summit opened Monday amid high security in peaceful Northern Ireland.
Business Supreme Court: 'pay to delay' generic drugs can be illegal Supreme Court: 'pay to delay' generic drugs can be illegal
By JESSE J. HOLLAND Associated Press Published: Jun 17, 2013 at 7:38 AM PDT
The Supreme Court says deals between pharmaceutical corporations and their generic drug competitors, which government officials say keep cheaper forms of medicine off the market, can sometimes be illegal.
Business World looks to Bernanke to clarify stimulus plans World looks to Bernanke to clarify stimulus plans
By MARTIN CRUTSINGER, AP Economics Writer Published: Jun 17, 2013 at 7:47 AM PDT
Is the era of ultra-low interest rates nearing an end? That's the question — and the fear — Chairman Ben Bernanke will face this week when he takes questions after a Federal Reserve policy meeting.
Business Fracking fuels water fights in nation's dry spots Fracking fuels water fights in nation's dry spots
By GARANCE BURKE, Associated Press Published: Jun 16, 2013 at 2:31 PM PDT
The latest domestic energy boom is sweeping through some of the nation's driest pockets, drawing millions of gallons of water to unlock oil and gas reserves from beneath the Earth's surface.
Business Billionaire's coal struggles irking biz owners Billionaire's coal struggles irking biz owners
By DYLAN LOVAN, Associated Press Published: Jun 16, 2013 at 2:21 PM PDT
West Virginia billionaire Jim Justice made his fortune in coal and agriculture, and he is revered in his home state as the man who rescued the historic Greenbrier resort from bankruptcy.
Business G8 faces uncertain recoveries, turbulent markets G8 faces uncertain recoveries, turbulent markets
By DAVID McHUGH and SHAWN POGATCHNIK, Associated Press Published: Jun 16, 2013 at 2:40 PM PDT
Europe is mired in debt and recession. Financial markets have hit violent ups and downs on fears that U.S. stimulus efforts may soon be scaled back. Japan is finally looking up after years of stagnation — but it remains an open question if the recovery will stick.
Business Obama trade dilemma: Scant support from Democrats Obama trade dilemma: Scant support from Democrats
By TOM RAUM, Associated Press Published: Jun 15, 2013 at 1:04 PM PDT
As President Barack Obama pushes an ambitious agenda to liberalize global trading, political trade wars already are forming, and they're with fellow Democrats rather than with Republicans, his usual antagonists.