Financial
Entrepreneur: Boost California wages to $12-an-hour PDF  | Print |  E-mail
Written by MICHAEL R. BLOOD, Associated Press   
Sunday, 12 January 2014 07:35

LOS ANGELES (AP) — Democrats across the nation are eager to make increasing the minimum wage a defining campaign issue in 2014, but in California a proposal to boost the pay rate to $12 an hour is coming from a different point on the political compass.

Ron Unz, a Silicon Valley multimillionaire and registered Republican who once ran for governor and, briefly, U.S. Senate, wants state voters to endorse the wage jump that he predicts would nourish the economy and lift low-paid workers from dependency on food stamps and other assistance bankrolled by taxpayers.

A push for bigger paychecks for workers at the lower rungs of the economic ladder is typically associated with Democrats — President Barack Obama is supporting a bill in Congress that would elevate the $7.25 federal minimum to over $10 an hour.

Read more...
 
GM recalling 370,000 pickups for fire risk PDF  | Print |  E-mail
Written by Associated Press   
Saturday, 11 January 2014 08:28

DETROIT (AP) — General Motors is recalling 370,000 Chevrolet Silverado and GMC Sierra pickups from the 2014 model year to fix software that could cause the exhaust components to overheat and start a fire.

The recall includes 303,000 trucks in the U.S. and 67,000 in Canada and Mexico. All of the trucks involved have 4.3-liter or 5.3-liter engines.

GM said eight fires have been reported, but no injuries. One garage was damaged, the company said. All of the incidents occurred in cold weather.

The company is asking customers not to leave their trucks idling unattended.

GM dealers will reprogram the software for free. The company will inform owners starting Jan. 16.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
What to expect from this year's Detroit auto show PDF  | Print |  E-mail
Written by The Associated Press   
Sunday, 12 January 2014 07:33

From brawny pickup trucks and growling high-performance cars to economical subcompacts, the North American International Auto Show in Detroit likely will have something that appeals to every driver.

Show organizers expect more than 50 new model introductions when the show kicks off Monday and Tuesday with 5,000 journalists attending the press days. What the automakers introduce is crucial because sales growth is starting to slow and new models tend to capture more buyers than older ones.

Ford is expected to steal the show with a new version of the F-150 pickup truck, but there are other notable cars and trucks coming. Chrysler will roll out a new 200 midsize sedan, a crucial vehicle in the company's plan to keep its sales growing. Honda plans to unveil a more modern version of its Fit subcompact, while new sports cars are expected from BMW, Toyota and Lexus.

Read more...
 
Massive Target breach could have lasting effects PDF  | Print |  E-mail
Written by ANNE D'INNOCENZIO, AP Business Writer MICHELLE CHAPMAN, AP Business Writer   
Saturday, 11 January 2014 08:09

NEW YORK (AP) — Fallout from Target's pre-Christmas security breach is likely to affect the company's sales and profits well into the new year.

The company disclosed on Friday that the massive data theft was significantly more extensive and affected millions more shoppers than the company reported in December. As a result of the breach, millions of Target customers have become vulnerable to identity theft, experts say.

The nation's second largest discounter said hackers stole personal information — including names, phone numbers as well as email and mailing addresses — from as many as 70 million customers as part of a data breach it discovered last month.

Target announced on Dec. 19 that some 40 million credit and debit card accounts had been affected by a data breach that happened between Nov. 27 and Dec. 15 — just as the holiday shopping season was getting into gear.

Read more...
 
<< Start < Prev 171 172 173 174 175 176 177 178 179 180 Next > End >>

Page 176 of 231