Business

Business Senators accuse GM of covering up defective switch Senators accuse GM of covering up defective switch
Members of a Senate subcommittee accused General Motors of trying to cover up problems with an ignition switch that is now tied to 13 deaths, and pressed CEO Mary Barra to commit to punishing anyone involved.
Business U.S. auto sales expected to rise 2 percent in March U.S. auto sales expected to rise 2 percent in March
Automakers said Tuesday that new car and truck sales picked up speed halfway through March, culminating in a strong final weekend. Toyota dealers had their two best sales weekends of the year at the end of the month, the company said.
Business U.S. manufacturing expanded more quickly in March U.S. manufacturing expanded more quickly in March
U.S. manufacturing grew at a slightly faster pace in March compared with February as factory output recovered from disruptions caused by severe winter weather.
Business U.S. construction spending up tiny 0.1 percent U.S. construction spending up tiny 0.1 percent
U.S. construction spending posted a slight increase in February as a rebound in construction of hotels and other nonresidential buildings offset a decline in housing.
Business Senator says Caterpillar avoided billions in taxes Senator says Caterpillar avoided billions in taxes
Calling Caterpillar Inc., a member of the "corporate profit-shifting club," Sen. Carl Levin accused the manufacturing giant Tuesday of employing an aggressive tax strategy to avoid paying billions of dollars in U.S. taxes.
Business European unemployment stuck near record high European unemployment stuck near record high
The 18-country eurozone may have emerged from recession last year, but that has done little good to the jobs market, with unemployment stuck near a record high since then.
Business Yellen: Job market needs low rates 'for some time' Yellen: Job market needs low rates 'for some time'
Federal Reserve Chair Janet Yellen made clear Monday that she thinks the still-subpar U.S. job market will continue to need the help of low interest rates "for some time."
Business Costs of climate change steep but tough to tally Costs of climate change steep but tough to tally
The economic and financial impact of global warming is complex and not well understood. In some scenarios there would be economic benefits for countries that get more fertile agriculturally. Drier weather in some regions would result in sharply lower crop yields.
Business Citi Foundation to aid youth employment in 10 cities Citi Foundation to aid youth employment in 10 cities
The Citi Foundation, the philanthropic arm of Citigroup Inc., will donate $50 million to improve youth employment opportunities in 10 large U.S. cities, the chairman of the organization told The Associated Press.
Business Fiat Chrysler: Can boost output to 6 million cars a year Fiat Chrysler: Can boost output to 6 million cars a year
Fiat and Chrysler CEO Sergio Marchionne said Monday that the merged company will be able to increase production to more than 6 million cars a year, a level he has long said is the minimum for an automaker to compete in the global market.