Business

Business Turnabout: Chrysler agrees to recall of Jeeps at risk of fire Turnabout: Chrysler agrees to recall of Jeeps at risk of fire
In one of the biggest-ever showdowns between an automaker and the government, Chrysler on Tuesday is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching fire in rear-end collisions.
Business U.S. consumer prices rise just 0.1 percent in May U.S. consumer prices rise just 0.1 percent in May
U.S. consumer prices rose slightly in May as higher energy costs were partly offset by cheaper food. The small increase comes after two straight declines, underscoring that American consumers are benefiting from mild inflation.
Business U.S. home construction rises 6.8 percent in May U.S. home construction rises 6.8 percent in May
U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years. The gains show housing remains a key source of growth for the economy.
Business Sprint sues to stop Dish Clearwire buyout Sprint sues to stop Dish Clearwire buyout
Sprint is suing to stop Dish Network's buyout of wireless data network operator Clearwire. The nation's third-largest cellphone carrier said the proposed deal violates the rights of Sprint and other Clearwire shareholders.
Business European car sales hit 20-year low for May European car sales hit 20-year low for May
European car sales had their worst May in 20 years as the region's recession drags on, the European automakers' association said Tuesday.
Business Oregon's newest hardware chain files bankruptcy
Orchard Supply Hardware is scheduled to become a standalone subsidiary of the $50 billion Lowe’s home improvement mega chain under a brokered bankruptcy deal announced Monday.
Business U.S. homebuilder confidence soars to 7-year high U.S. homebuilder confidence soars to 7-year high
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.
Business UK's Cameron rallies world leaders to N. Ireland UK's Cameron rallies world leaders to N. Ireland
Leaders of eight of the world's wealthiest nations sought elusive progress on lowering trans-Atlantic trade barriers and pushing the warring factions in Syria toward the negotiating table as the G-8 summit opened Monday amid high security in peaceful Northern Ireland.
Business Supreme Court: 'pay to delay' generic drugs can be illegal Supreme Court: 'pay to delay' generic drugs can be illegal
The Supreme Court says deals between pharmaceutical corporations and their generic drug competitors, which government officials say keep cheaper forms of medicine off the market, can sometimes be illegal.