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Auto industry to get $25 billion in federal loans  WASHINGTON -- In the next few years, consumers could see the fruits of $25 billion in government loans for the auto industry through a broader lineup of gas-electric hybrid vehicles, new plug-in electric cars and an expansion of fuel-efficient engines.

Daimler in talks about selling its remaining Chrysler stake  Germany's Daimler said Wednesday it is in talks to sell its remaining stake in Chrysler to private-equity firm Cerberus Capital Management. Daimler spokesman Han Tjan confirmed a report in Germany's Manager Magazin that the company is in talks to sell the 19.9 percent it owns in the U.S.-based automaker. He would give no details. Cerberus said in a statement that it approached Daimler about the ...

Local business in brief: H&R Block on short-selling list  The Home Builders Association of Greater Kansas City reported 304 permits for new single-family homes in August. That was down from 487 the previous August, but up from 279 in July. Area home building activity posted its third consecutive monthly increase since hitting a cyclical low of 219 permits in May.

LSU���s Starting QB for Mississippi St.  After leading LSU to a come-from-behind win over Auburn, you would think Jarrett Lee would start at quarterback Saturday night against Mississippi State,but as Sharief Ishaq reports, Les Miles still is not sure who will start: Lee or Andrew Hatch.

Sales of preowned homes in West rose in August  Sales of existing homes in the West climbed higher in August versus a year ago, bucking a national trend as buyers snatched up sharply discounted foreclosed properties in California, Arizona and Nevada, according to two reports Wednesday.

FOREIGN DIRECT INVESTMENT MAY HAVE PEAKED IN 2007, ANNUAL REPORT REVEALS  Global foreign direct investment FDI inflows rose in 2007 by 30% to reach an all-time high of US$ 1,833 billion, according to the World Investment Report 2008: Transnational Corporations and the Inf

Chevy Chase Bank scores victory in predatory mortgage lending case  A Maryland bank scored a major victory in a mortgage lending case Wednesday when a federal appellate court rejected class-action status for a Cedarburg couple���s suit against Chevy Chase Bank.

Seattle hit with 41% decrease in home sales  Seattle and Portland were among the top 10 metro areas in the nation with the most pronounced drop in sales of existing homes in August versus a year ago, even as other cities in the West bucked a national downward trend, according to two reports Wednesday.

Fall in new Oz home sales moderates  SALES of new homes in Australia continued to fall in August, although at a slower pace than the previous month, a report said today.

Australia new home sales fell again in Aug-industry  SYDNEY, Sept 25 Reuters - Sales of new homes in Australia fell further in August, dragged by high mortgage rates and depressed consumer confidence, a Housing Industry Association HIA survey showed on Thursday.

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