| General Motors to sell notes buy $3.2B in preferred stock from union health care trust |
Sep 23rd, 2013 |
DETROIT -- General Motors says it will spend $3.2 billion to buy preferred stock from a union trust fund that pays retiree health care bills. The company says it's buying 120 million shares at $27 per share. The deal is contingent on the company closing a sale of senior notes by the end of this month. GM says in a statement that the note sale's proceeds will fund the buyback and be ...
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| VWs hippie hauler is ending its long strange trip |
Sep 23rd, 2013 |
Brazil is the last place in the world still producing the iconic vehicle, or "bus" as it's known by aficionados, but VW says production will end Dec. 31. It carried hippies through the 1960s, hauled surfers in search of killer waves during endless summers and serves as a workhorse across the developing world, but the long, strange trip of the Volkswagen van is ending.Brazil is the ...
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| GM to buy $3.2B in stock from UAW VEBA |
Sep 23rd, 2013 |
GM said it expects to take a charge of about $800 million in the third quarter associated with the repurchase of 120 million shares of preferred stock. (Bill Pugliano / Getty ...
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| The Middle East is enormous business for Rolls Royce |
Sep 23rd, 2013 |
Briscoe said that Rolls Royce is not likely to go down the electric car path that a lot of other carmakers are treading. Geoffrey Briscoe speaks to Rajarshi Aditya Chaudhuri about Rolls Royce's competitive edge, brand value and the luxury carmaker's outlook for the Oman marketGeoffrey Briscoe has a lot of reason to be excited about the future right now. The regional director of Rolls ...
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| Cars end up on sidewalk take out traffic light on Vandeventer and McPherson |
Sep 23rd, 2013 |
Police are investigating a crash involving two cars that happened just after midnight at the intersection of Vandeventer and McPherson Avenues. Both cars ended up on the sidewalk, and one even took out a traffic light. Police say they don't know what caused the crash, or if there were any injuries. No additional information was immediately available. ...
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| Toyota Motor Engineering Manufacturing North America Assigned Patent |
Sep 23rd, 2013 |
Pearland, Texas for a "high-Ph synthesis of nanocomposite thermoelectric material."The abstract of the patent published by the U.S. Patent and Trademark Office states: "A process for forming thermoelectric nanoparticles includes the steps of providing a core material and a bismuth containing compound in a reverse micelle; providing a tellurium containing compound either in or not ...
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| Honda Odyssey drops to $35100 |
Sep 23rd, 2013 |
Honda Odyssey has now been cut to $35,100 or $37,990 driveaway. The flagship Luxury model has followed suit dropping to $42,920 and $45,990 driveaway, down from $44,920 and a pre-December 2011 price of $45,920. Powered by a 132kW/218Nm 2.4-litre petrol four-cylinder and a five-speed automatic transmission, the base Honda Odyssey rides on 16-inch wheels and features a multi-function touchscreen ...
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| Lamborghini targets young super rich in India to boost sales |
Sep 23rd, 2013 |
Its not just because economic growth has retreated; it is the difficulty of doing biz & getting a move on in India are making many pack their ...
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| FMCSA begins efforts to improve truck safety |
Sep 23rd, 2013 |
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In early 2012, President Obama signed into law the Moving Ahead for Progress in the 21st Century Act, also known as MAP-21. Among other things, this law provided the Federal Motor Carrier Safety Administration with the authority and the means to continue its efforts to improve highway safety and reduce the incidence of truck accidents across the U.S.
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| New Jersey court outlines rule for remote texter liability |
Sep 23rd, 2013 |
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It is no secret that distracted driving is one of the most pressing threats to drivers on our nation's highways. Indeed, many states, including New Jersey, have passed legislation strictly prohibiting the practice of texting or the use of cell phones while behind the wheel.
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