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.

33 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

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

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

Investors guess Fed's actions, push stocks higher

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

Starboard says Smithfield sale undervalues company

One of Smithfield Foods Inc.'s largest shareholders says a $4.72 billion takeover bid from China's largest meat producer falls short of what the company would be worth if sold off piece by piece.
NATIONAL BUSINESS NEWS

How the Dow Jones industrial average fared

U.S. stocks rose Monday, a day with light trading volume and little in the way of major economic or corporate news. Investors are betting that the Federal Reserve will keep in place programs meant to prop up the economy. The Fed holds a two-day policy meeting beginning Tuesday.