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Business News
Survey shows China manufacturing contracting
BEIJING (AP) -- A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing....
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Ford to end auto production in Australia in 2016
SYDNEY (AP) -- Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales....
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On top of big salaries, companies pile on perks
NEW YORK (AP) -- Wynn Resorts pays for founder and CEO Steve Wynn's residence at its tony Las Vegas hotel and casino at a cost of nearly $452,000....
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GM recalling Cadillac SUVs to tighten wheels
DETROIT (AP) -- General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off....
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Tesla uses stock, note sale to repay government
DETROIT (AP) -- Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early....
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