The Chevrolet Volt, the first mass-market electric vehicle from General Motors Co., will have a sticker price starting at $41,000 when it hits showrooms later this year. But government tax credits and rebates designed to speed the entry of electric vehicles into the marketplace will make the price more attractive. There’s a federal tax...
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QUITO July 26 – OPEC member Ecuador said it enacted a law on Monday aimed at increasing state control over the oil sector and that the legislation would permit the state to “liquidate” contracts of non-complying companies. Oil is Ecuador’s top export and President Rafael Correa’s government wants foreign companies to give up profit-sharing...
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President Obama called on the Senate today to pass a new law restricting corporate political contributions, saying it would “prevent special interests from gaining even more clout in Washington.” “The DISCLOSE Act would simply require corporate political advertisers to reveal who’s funding their activities,” Obama said during remarks in the White House Rose Garden....
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WASHINGTON – Owners of the iPhone will be able to legally break electronic locks on their devices in order to download software applications that haven’t been approved by Apple Inc., according to new government rules announced Monday. The decision to allow the practice commonly known as “jailbreaking” is one of a handful of new...
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A recall that parents need to hear about. Nap Nanny baby recliners are recalled because of a suffocation hazard. An infant in Michigan died when she got caught between the Nap Nanny and her crib bumper. The makers of the recliner say the Nap Nanny should always be used on the floor away from...
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A petite woman says Southwest Airlines removed her from a full flight to make room for an overweight teenager, The Sacramento Bee reports. The newspaper says the incident involving the 5-foot-4, 110-pound woman “happened last week on an early-evening Southwest flight from Las Vegas to Sacramento.” The Bee reports that the woman paid to...
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By Daniela Estrada SANTIAGO – More fixed capital investment to improve competition, greater added value to exported goods and services, and tax reforms to finance social policies are some of the challenges Latin America and the Caribbean face in the uncertain global economic panorama. “This year we are going to grow well, but next...
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Ford unveiled its redesigned Explorer SUV this morning in New York’s Herald Square. The new vehicle, which borrows design cues from Ford’s former Land Rover unit, represents the biggest change by far in Ford’s approach to its bread-and-butter family hauler and onetime sales superstar. Company officials say the new Explorer reflects CEO Alan Mulally’s philosophy of developing...
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Harley-Davidson has been having a rough ride. Motorcycle sales are falling in 2010, as they have for each of the last three years. The company does not expect a turnaround anytime soon. But despite that drought, Harley’s profits are rising — soaring, in fact. Last week, Harley reported a $71 million profit in the...
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Senate Republicans on Wednesday delayed action to restore U.S. unemployment benefits for those who have been out of work the longest, prolonging a partisan standoff even though the measure is certain to pass. Some 2.5 million jobless Americans have seen their benefits lapse since the end of May as the Senate has deadlocked over...
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