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Business News
US closes probe of Jeep automatic braking; no recall sought
DETROIT (AP) -- U.S. safety regulators have closed a yearlong investigation into the Jeep Grand Cherokee's automatic braking system without seeking a recall....
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US consumer spending at weakest pace in 5 months
WASHINGTON (AP) -- U.S. consumers scaled back their spending in August to its weakest pace in five months, reflecting a drop in spending on autos. Income growth also decelerated as wages and salary gains slowed following four strong months....
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US stocks rebound as consumer companies and banks rise
NEW YORK (AP) -- U.S. stocks are bouncing back Friday morning after a steep loss late the previous day. Strong earnings from Costco are giving consumer stocks a lift. Banks, too, are recovering from a sharp drop as Deutsche Bank tried to reassure investors about its financial health. Energy companies are also trading higher....
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Markets Right Now: Stocks open higher on Wall Street
NEW YORK (AP) -- The latest on developments in global financial markets (all times local):...
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US consumer spending flat in August, weakest in 5 months, with drop in auto purchases
WASHINGTON (AP) -- US consumer spending flat in August, weakest in 5 months, with drop in auto purchases....
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