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Automotive
Oil little changed before Fed's Bernanke speaks
The price of oil was down slightly Wednesday as traders waited to hear the latest on the Federal Reserve's monetary policy from chairman Ben Bernanke. Oil fell about 40 cents after the government said U.S. oil supplies rose by 300,000 barrels last week. But it quickly bounced back. Benchmark oil ...
Oil rises near $99 a barrel before Bernanke speaks
The price of oil rose to near $99 a barrel on Wednesday, driven by a report of falling U.S. stockpiles of crude and ahead of the conclusion of a meeting of the Federal Reserve. By early afternoon in Europe, benchmark oil for July delivery was up 20 cents to $98.64 ...
Chrysler agrees to recall of Jeeps at risk of fire
After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. But the recall, which came in an 11th-hour deal between the automaker and the National Highway Traffic Safety Administration, covers only 1.56 million of ...
When car rental reservations aren't honored
We're sorry, sir, but we don't have any cars left. That was my unpleasant welcome to Michigan by Hertz. I had a reservation. They saw the reservation. The problem: Hertz hadn't actually saved me a car. So here I was, just off a plane in Kalamazoo, suitcase in tow and ...
Chrysler expected to formally refuse Jeep recall
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. The government says 51 people have suffered fiery deaths in ...
Argentine cash controls bring bargains, headaches
The Brazilian visitors gawk in wonder as they stroll past shop windows along touristy Florida street in the Argentine capital. The jackets, the shoes — they're all so cheap when your purse is stuffed with black-market money. Visitors who turn to the streets rather than the banks to swap their ...
European car sales hit 20-year low for May
European car sales had their worst May in 20 years as the region's recession drags on, the European automakers' association said Tuesday. Passenger car demand for May dropped by 5.9 percent on the same month last year in the 27-country European Union to 1.042 million units, the lowest level for ...
Oil prices climb above $98 before US Fed meeting
The price of oil climbed back above $98 a barrel Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting. By early afternoon in Europe, benchmark oil for July delivery was up 37 cents to $98.14 a barrel in electronic ...
Soybeans drop as weather boosts crop prospects
Soybeans dropped as improving weather across the Midwest boosted the outlook for this year's crop. November soybeans fell 12.75 cents, or 1 percent, to $12.855 a bushel Monday. Cold, wet weather forced farmers to delay their soybean planting this spring, keeping prices for the crop higher over the past two ...
Oil posts small loss after hitting high for year
The price of oil fell slightly after it climbed to a high for the year Monday, as the market waits to see the results of this week's Federal Reserve policy meeting. Benchmark oil for July delivery fell 8 cents to finish at $97.77 a barrel on the New York Mercantile ...
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