US safety regulators probe power steering problems in 938,000 Ford midsize cars
U.S. safety regulators are investigating complaints of power-assisted steering failure in three Ford Motor Co. midsize car models.
US stocks meander to close out month with a loss; eBay jumps on plans to spin off PayPal
A suddenly stormy month on the stock market came to a quiet end on Tuesday.
Oil, rail industries want 7 years to retrofit cars that transport highly volatile crude oil
A top oil industry official says the oil and railroad industries are urging federal regulators to allow them as long as seven years to retrofit existing tank cars that transport highly volatile crude oil.
Global stocks mostly higher after after Wall Street declines, Hong Kong protests
Global stocks were mostly higher Tuesday after Wall Street declined and pro-democracy protests in Hong Kong, a major financial center, added to political risk worries.
GM: China Sales to Top 3.1M in 2014
General Motors expects its sales in China this year to top 3.1 million vehicles and sees no impact on business from an anti-monopoly probe of the industry.
Recall limbo: how to handle an automotive recall if parts aren't available
In July, two scary notices arrived in Amaris McGee's mailbox.
Federal loan guarantee gives northern Nevada waste-to-fuel plant boost toward construction
The developer of a northern Nevada biofuel production plant declared his project ready for construction, after receiving a federal loan guarantee for about half the cost.
China fines Japanese ball bearing maker NSK $28.2 million in anti-monopoly case
A Japanese auto parts supplier, NSK, says it has been fined by Chinese anti-monopoly regulators in a growing investigation of the industry.
New York Fed: US auto loans rise to highest level since 2006, fueled by subprime lending
New U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers.
GM says China joint venture responded to information requests by anti-monopoly regulators
General Motors Co.'s main China joint venture has joined automakers that say they have been contacted by Chinese anti-monopoly regulators as part of an investigation of the industry.
US road safety agency moves slowly when drivers spot problems and petition for investigations
People are waiting longer than they should for an answer when they petition the government to open an investigation into what could be serious safety problems.
New York judge tells lawyers he'll urge settlements in GM cases stemming from ignition claims
A New York judge has told lawyers he'll encourage settlements in lawsuits brought on behalf of nearly 1,000 plaintiffs against General Motors for defective ignition switches.
Business Highlights
___ US airfares on the rise, outpacing inflation NEW YORK (AP) — The average roundtrip ticket within the U.S., including taxes, reached $509.15 in the first six months of this year, up nearly $14 from the same period last year.
Business News Digest
Business News at 1:30 p.m.
Hyundai Motor's 2Q profit dips due to strong South Korean won
Hyundai Motor Co. says its second-quarter profit fell 7 percent as the appreciation of South Korean diluted its overseas earnings.
Documents show General Motors delayed recall in another ignition switch case
General Motors knew of ignition switch problems with 6.7 million midsize and large cars for 11 years, yet it failed to warn customers with a recall until last month, according to documents posted by federal safety regulators.
Senate hearing investigating recalls targets GM's legal staff
A Senate subcommittee chairwoman says General Motors should have fired its chief lawyer in the wake of a long-delayed recall of millions of small cars.
Environmental groups seek immediate ban of oil shipments in older railroad tank cars
Two environmental groups are asking the U.S. Department of Transportation to immediately ban shipments of volatile crude oil in older railroad tank cars, citing recent explosive oil train wrecks and the department's own findings that those accidents pose an "imminent hazard." The petition filed Tuesday by the Sierra Club and ForestEthics seeks an emergency order within 30 days to prohibit crude from the Northern Plains' Bakken region and elsewhere from being carried in the older tank cars, known as DOT-111s.
INFLUENCE GAME: Train crashes trigger high-stakes campaign to shape safety rules for railroads
A string of fiery train derailments across the country has triggered a high-stakes but behind-the-scenes campaign to shape how the government responds to calls for tighter safety rules.