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Business

Chrysler agrees to recall of Jeeps at risk of fire

This March 6, 2012 photo provided by the law offices of Butler, Wooten & Fryhofer, LLP shows the scene of a crash in Bainbridge, Ga., where a 4-year-old boy named Remi Walden was burned and died when a Jeep Grand Cherokee was struck from the rear by a Dodge Dakota pickup truck. Chrysler is expected to file papers Tuesday, June 18, 2013, explaining why its refusing to recall 2.7 million older Jeep SUVs.

After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. 3 hours ago

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Archive by category ''Business

OIL AND GAS

Production may see US exporting oil for 1st time since '70s

WASHINGTON -- The U.S. oil boom is moving Congress closer than it has been in more than three decades to easing the ban on exporting crude imposed after the Arab embargo.

BUSINESS

Investors look for answers on economy from Fed

Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record lows.
BUSINESS

Oil falls near $98 a barrel before Bernanke speaks

The price of oil fell Wednesday, before the conclusion of a U.S. Federal Reserve meeting.
BUSINESS

Dish won't submit revised bid for Sprint

Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank.
TECHNOLOGY

A look at Netflix's international expansion

Netflix Inc. got its start renting DVDs through the mail in the U.S. during the late 1990s and added Internet video streaming in 2007. It has been expanding globally with a streaming-only service. Here's a look at its international expansion so far.

3 hours ago
TECHNOLOGY

Netflix to expand to Netherlands later this year

Netflix is going Dutch.

3 hours ago
BUSINESS

Japan's trade deficit climbs to $10.5B in May

Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion) as rising costs for imports due to the cheaper yen matched a rebound in exports, the Ministry of Finance reported Wednesday.
BUSINESS

SEC to require mea culpas in some big settlements

The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements.
TECHNOLOGY

DreamWorks says TV revenue to hit $200M by 2015

DreamWorks Animation SKG Inc., the studio behind "Shrek" and "Kung Fu Panda," said Tuesday that a new deal to provide original TV shows to Netflix will help it double the revenue it gets from TV shows to $200 million by 2015.
TECHNOLOGY

Icahn changes tack, seeks $16B Dell stock buyback

Activist investor Carl Icahn on Tuesday proposed a $16 billion share buyback in his latest effort to thwart Dell Inc. founder Michael Dell's effort to take the struggling computer maker private.