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Latest Business News From Brainerddispatch.com
Updated: 37 min ago

US auto factories cutting back on summer downtime

Wed, 05/22/2013 - 1:10am
Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.

Lew: IRS actions "unacceptable and inexcusable"

Wed, 05/22/2013 - 12:13am
Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable.

Stocks gain on reassurance from a top Fed official

Tue, 05/21/2013 - 11:26pm
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.

Ex-Ford execs charged in Argentine torture cases

Tue, 05/21/2013 - 11:26pm
Three former Ford Motor Co. executives were charged Tuesday with crimes against humanity for allegedly targeting Argentine union workers for kidnapping and torture after the country's 1976 military coup.

Apple's Cook faces Senate questions on taxes

Tue, 05/21/2013 - 11:26pm
The Senate dragged Apple Inc., the world's most valuable company, into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in U.S. taxes.

Best Buy reports 1Q loss on restructuring costs

Tue, 05/21/2013 - 11:06pm
Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.

Senate panel approves immigration bill

Tue, 05/21/2013 - 8:56pm
Far-reaching legislation that grants a chance at citizenship to millions of immigrants living illegally in the United States cleared the Senate Judiciary Committee on a solid bipartisan vote Tuesday night after supporters somberly sidestepped a controversy over the rights of gay spouses.

Volkswagen to put special fuel caps on diesels

Tue, 05/21/2013 - 8:09pm
Volkswagen is replacing the fuel tank covers on more than 200,000 of its diesel vehicles sold in the U.S. and Canada to remind owners to fill their tanks with diesel _ not gasoline.

Housing recovery boosts Home Depot 1Q results

Tue, 05/21/2013 - 8:09pm
Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.

Leahy steps back on gay marriage issue

Tue, 05/21/2013 - 7:23pm
Senate Judiciary Committee Chairman Patrick Leahy says he will not offer _ for now _ an amendment to an immigration bill allowing gay Americans to seek green cards for their spouses.

Poll: Teens migrating to Twitter

Tue, 05/21/2013 - 7:23pm
Twitter is booming as a social media destination for teenagers who complain about too many adults and too much drama on Facebook, according to a new study published Tuesday about online behavior. It said teens are sharing more personal information about themselves even as they try to protect their online reputations.

Merck to repurchase $5B in common stock

Tue, 05/21/2013 - 7:09pm
Merck & Co Inc. said it will repurchase $5 billion worth of its common stock under an accelerated share repurchase agreement with Goldman Sachs & Co.

JPMorgan Directors Glance: How shareholders voted

Tue, 05/21/2013 - 7:09pm
Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO of the nation's largest bank, keep both his jobs Tuesday. Dimon also received strong support to be re-elected to the bank's board.

Business Highlights

Tue, 05/21/2013 - 7:09pm
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Summary Box: Stocks close higher on hopes for Fed

Tue, 05/21/2013 - 7:09pm
FED WATCH: Stock indexes wobbled in early trading Tuesday, then turned higher just before noon. That's when news crossed that James Bullard, a Federal Reserve official, told an audience that the Fed should stick with its bond-buying effort to bolster the economy.

US Treasury bond market at a glance

Tue, 05/21/2013 - 7:09pm
By The Associated Press

IRS official to take the 5th at House hearing

Tue, 05/21/2013 - 6:26pm
Summoned by Republicans, a key figure in the Internal Revenue Service's targeting of conservative groups plans to invoke her constitutional right against self-incrimination and decline to testify at a congressional hearing on Wednesday.

Committee nears final vote on immigration bill

Tue, 05/21/2013 - 6:26pm
Far-reaching immigration legislation neared a final committee vote on Tuesday as the White House and Democratic supporters sought to delay a showdown over the rights of gay spouses until a debate in the full Senate.

Stocks gain on reassurance from a top Fed official

Tue, 05/21/2013 - 6:23pm
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.

Microsoft touts Xbox One as all-in-1 entertainment

Tue, 05/21/2013 - 6:23pm
Microsoft thinks it has the one.

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