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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 $25 billion in government loans for the auto industry through a broader lineup of gas-electric hybrid vehicles, new plug-in electric cars and an expansion of fuel-efficient engines.
Mt. Pleasant Super 8 robbery not quite what it seemed It might not have been an armed robbery, but the Super 8 Motel holdup in Mt. Pleasant on Sept. 6 still may count as a felony. At least, that’s the possible charge facing the motel employee who reported the crime to Mt. Pleasant police.
Daimler in talks about selling its remaining Chrysler stake Germany's Daimler said Wednesday it is in talks to sell its remaining stake in Chrysler to private-equity firm Cerberus Capital Management. Daimler spokesman Han Tjan confirmed a report in Germany's Manager Magazin that the company is in talks to sell the 19.9 percent it owns in the U.S.-based automaker. He would give no details. Cerberus said in a statement that it approached Daimler about the ...
Local business in brief: H&R Block on short-selling list The Home Builders Association of Greater Kansas City reported 304 permits for new single-family homes in August. That was down from 487 the previous August, but up from 279 in July. Area home building activity posted its third consecutive monthly increase since hitting a cyclical low of 219 permits in May.
Deal set to boost Bollywood’s presence in US film industry INDIA’S Reliance-ADA Group and Steven Spielberg’s DreamWorks studio have signed a deal that will boost Bollywood’s presence in the United States film industry, a report said on Sunday.
Sales of preowned homes in West rose in August Sales of existing homes in the West climbed higher in August versus a year ago, bucking a national trend as buyers snatched up sharply discounted foreclosed properties in California, Arizona and Nevada, according to two reports Wednesday.
FOREIGN DIRECT INVESTMENT MAY HAVE PEAKED IN 2007, ANNUAL REPORT REVEALS Global foreign direct investment FDI inflows rose in 2007 by 30% to reach an all-time high of US$ 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.
Unemployment on rise in metro Milwaukee The Milwaukee area continued losing jobs last month while the unemployment rate rose to its highest mark for August in four years, the state Department of Workforce Development reported Wednesday.
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