National Business News

US auto factories cutting back on summer downtime

Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.

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Archive by category ''National Business News

NATIONAL BUSINESS NEWS

Bernanke testimony to be studied for policy clues

When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper - or increase - its support for the economy.
NATIONAL BUSINESS NEWS

US auto factories cutting back on summer downtime

Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
NATIONAL BUSINESS NEWS

Japan's trade deficit hits $8.6B due to weaker yen

Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.
NATIONAL BUSINESS NEWS

JPMorgan's Dimon survives shareholder referendum

Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank...
NATIONAL BUSINESS NEWS

Stocks gain on reassurance from a top Fed official

Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
NATIONAL BUSINESS NEWS

Volkswagen to put special fuel caps on diesels

Volkswagen is replacing the fuel tank covers on more than 200,000 of its diesel vehicles sold in the U.S. and Canada to remind owners to fill their tanks with diesel - not gasoline.
NATIONAL BUSINESS NEWS

JPMorgan Directors Glance: How shareholders voted

Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO of the nation's largest bank, keep both his jobs Tuesday. Dimon also received strong support to be re-elected to the bank's board.
NATIONAL BUSINESS NEWS

Business Highlights

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NATIONAL BUSINESS NEWS

Merck to repurchase $5B in common stock

Merck & Co Inc. said it will repurchase $5 billion worth of its common stock under an accelerated share repurchase agreement with Goldman Sachs & Co.
NATIONAL BUSINESS NEWS

Corn falls after farmers catch up on planting

The price of corn fell after U.S. farmers planted record amounts of corn last week, easing concern that earlier planting delays would harm this year's crop.