DETROIT – Honda Motor Co said on Monday it was recalling more than 428,000 vehicles in the United States and Canada because of a defect that could cause the cars to roll away if they are parked incorrectly. The Honda recall covers Accord, Civic and Element models from the 2003 and 2004 model years...
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Employment shrank more than expected in July, the Labor Department said Friday, as the sluggish recovery from the sharpest job losses in decades raised speculation that the Federal Reserve may take new action this week. Nonfarm payrolls fell by 131,000 as census job cuts continued. Wall Street expected a loss of 87,000. June payrolls...
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The U.S. completed negotiations with BP Plc to establish the $20 billion fund that will compensate victims of the Gulf of Mexico oil spill, the Justice Department said. BP said today it deposited $3 billion into the escrow account, which executives at the London-based company agreed to set up on June 16 after meeting...
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A study released last week by the National Association of Child Care Resource Referral Agencies finds that the cost of center-based care has now surpassed the cost of public-university tuition in a majority of states. In the past 10 years, the agency’s latest survey found, the cost of child care for the youngest children...
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WASHINGTON — President Barack Obama and his Democratic allies in the Senate earned a long-sought win Wednesday as a $26 billion measure to help states and local school boards with their severe budget problems cleared a GOP filibuster. The bill advanced by a 61-38 tally that ensures the measure will pass the Senate on...
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President Obama and congressional Democrats — out of options for another quick shot of stimulus spending to revive the sluggish economy — are shifting toward a longer-term strategy that promises to tackle persistently high unemployment by engineering a renaissance in American manufacturing. That approach, heralded by Obama last week in Detroit and sketched out...
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DUBAI, United Arab Emirates — The Emirates’ looming crackdown on BlackBerry services will extend to foreign visitors, its telecom regulator said Monday, putting the government’s concerns over the handheld devices in direct conflict with its aim to become a business and tourism haven. Travelers to Dubai and the important oil industry center of Abu...
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NEW YORK – Spirit Airlines’ controversial carry-on fees took effect Sunday, catching some customers unhappily by surprise. But the low-fare carrier contends that the move will cut down on flight delays, potentially allowing Spirit to add new flights. Spirit spokeswoman Misty Pinson said the new approach already appears to be working. “The check-in process...
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By James Lane This past Friday in Bryant Park New York, Medicare celebrated it’s 45th birthday with a flash mob of over one hundred singing and dancing protesters that warned President Obama’s newly created Deficit Commission to keep their hands off Medicare, Medicaid, and Social Security. The group’s modified version of the Motown hit...
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The $104 monthly MetroCard moved one step closer to reality on Wednesday as the Metropolitan Transportation Authority voted to start the process of implementing a sprawling set of fare increases on the region’s buses, trains and bridges. By Jan. 1, railroad commuters and E-ZPass users who cross the authority’s bridges and tunnels would pay...
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