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.
Chrysler says it has resolved its differences with the government and will recall older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire.
South Korea has begun accepting bids from aircraft makers to supply 60 new fighter jets at an estimated cost of $7.3 billion
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.
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.
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.
European car sales had their worst May in 20 years as the region's recession drags on, the European automakers' association said Tuesday.
The Seattle-based coffee chain says it will start posting calorie counts on menu boards nationwide next week, ahead of a federal regulation that would require it to do so.
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.
Boeing and Airbus won pledges for big purchases of their lucrative long-haul wide-body jets at the Paris Air Show Monday, raising hopes that demand is recovering following the worldwide recession.
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.
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.
Netflix is going to start running original television series from Dreamworks Animation. Financial terms were not disclosed.
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.
Union members at online retailer Amazon's German operations have begun a two-day strike to ratchet up pressure on the company over pay demands.