- Russia's Severstal selling US plants for $2.3B NEW YORK (AP) — Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened san
- Howell acquires Kokomo Ford franchise rights A few years ago, the owners of Brad Howell Ford and Kokomo Auto World threw around the possibility of Howell acquiring Kokomo’s Ford franchise rights from the latter, but things didn’t work out. The conversation was rekindled over the holidays during
- US stocks trading higher on company earnings Stocks headed for a higher close late Friday afternoon, rebounding on a wave of strong corporate earnings from Google, Honeywell and other big companies. Bank holding company Huntington Bancshares and furniture maker Knoll were among the big gainers.
- Indiana jobless rate up slightly to 5.9 percent INDIANAPOLIS (AP) — Indiana's unemployment rate rose slightly to 5.9 percent in June, marking the state's first increase in almost two years. Figures released Friday by the state Department of Workforce Development show Indiana's jobless mark went up
- Microsoft to cut up to 18,000 jobs over next year REDMOND, Wash. (AP) — Microsoft says it will eliminate up to 18,000 jobs over the next year as it works on integrating the Nokia devices business it bought in April. With the Nokia deal, Microsoft's employee headcount rose from about 99,000 last year
- Senate panel examining role of GM legal department WASHINGTON (AP) — A Senate panel will pose questions to a new set of key players Thursday as it delves deeper into General Motors' delayed recall of millions of small cars. GM CEO Mary Barra will certainly be asked about how she's changing a corporat
- US stocks up in afternoon trading on earnings news Strong company earnings helped edge U.S. stocks higher in afternoon trading Wednesday, on pace to bounce back from a mixed finish a day earlier. Investors also welcomed news that Time Warner received a takeover offer from Twenty-First Century Fox, th
- Maine lobster fishing season off to slow start ROCKLAND, Maine (AP) — The cold winter is still being felt in the waters off Maine, where the nation's largest lobster fishery is off to a slow start. The season typically picks up after the bulk of the lobster population sheds its shells and reaches
- GM proposes $27 million Bedford plant investment BEDFORD (AP) — General Motors has proposed investing $27 million at a southern Indiana casting plant for machinery, equipment and tooling needed to produce aluminum engine blocks. The automaker filed a tax abatement request for the Bedford factory pr
Citigroup to pay $7B in subprime mortgages probe
Citigroup announced Monday that it will pay roughly $7 billion to settle a federal investigation into risky subprime mortgages, the type that helped bring on the financial crisis.
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