Losing ground in auto financing, GMAC to offer new financial incentives to dealershipsNEW YORK — GMAC Financial Services, the former financing arm of General Motors Co., is making a new push to recapture its share in the auto financing business by offering incentives to its most loyal dealers. GM to speed up payments to parts suppliers to help with cash flow, improve relationshipsDETROIT — General Motors Co. has decided to speed up payments to its parts suppliers to help ease their cash flow problems and ultimately improve relations with the companies, a spokesman said Thursday. Power companies Duke and FPL Group to switch to hybrid, electric vehiclesCOLUMBUS, Ohio — Two of the nation’s largest power generators said Thursday that they plan to begin switching their company cars and trucks to plug-in hybrid vehicles or all-electric vehicles starting Jan. 1 to help cut greenhouse gas emissions. Rite Aid posts smaller 2Q loss, expects bigger-than-expected deficit and lower sales for yearNEW YORK — Rite Aid Corp. on Thursday reported a smaller second-quarter loss than a year ago as it cut expenses, but the nation’s third-largest drugstore operator lowered its expectations for the fiscal year due to the weak economy and high unemployment. China faces new US trade complaint over paper as union, 3 producers file antidumping caseBEIJING — A U.S. labor union and three paper companies have filed a new trade complaint over imports of Chinese paper, possibly fueling tensions between Washington and Beijing amid disputes over tires and other goods. FBI checks whether US Census worker hanging in Ky. tied to his door-to-door data collectionMANCHESTER, Ky. — When Bill Sparkman told retired trooper Gilbert Acciardo that he was going door-to-door collecting census data in rural Kentucky, the former police officer drew on years of experience for a warning: “Be careful.” Tiny Dr Pepper bottler in Dublin, Texas, still using pure sugar, as it has for 118 yearsDUBLIN, Texas — For Dr Pepper drinkers, this is mecca. AP source: Census worker found hanged near Kentucky cemetery had word ‘fed’ scrawled on chestMANCHESTER, Ky. — A U.S. Census worker found hanged from a tree near a Kentucky cemetery had the word “fed” scrawled on his chest, a law enforcement official said Wednesday, and the FBI is investigating whether he was a victim of anti-government sentiment. Scientists, foodies and farmers join Univerisity of Wisconsin debate over Pollan’s ‘Food’ bookMADISON, Wis. — One best-selling book advocating fresh, local foods is shaking up America’s Dairyland. Obama’s pick of trucking lobbyist to head safety agency that regulates the industry draws fireWASHINGTON — President Barack Obama’s nomination of a trucking industry lobbyist to head the agency that regulates the industry drew fire Wednesday from senators and safety advocates. Auto industry group backs ban on handheld texting and cell phone use in carsWASHINGTON — An auto industry trade group says it supports a ban on texting and using hand-held cell phones while driving in advance of next week’s major government summit on distracted driving. Federal environmental regulators sue North Face parent over claims footwear was anti-bacterialSAN LEANDRO, Calif. — Federal environmental regulators have sued the parent company of outdoor clothing company The North Face, alleging that shoes marketed as anti-bacterial violated federal pesticide laws. Watchdog group seeks Justice Department probe into sale of drug store by Ark. Rep. Mike RossPRESCOTT, Ark. — A watchdog group asked the Justice Department on Wednesday to look into the 2007 sale of a drug store owned by a congressman who is a key figure in the national health care debate after reports he may have profited excessively from the sale. Report: Blackstone Group considering buying Anheuser-Busch InBev’s amusement parksNEW YORK — Private equity firm Blackstone Group is looking into buying Anheuser-Busch InBev’s theme parks, including its three SeaWorld venues and two Busch Gardens, according to a media report Wednesday. Dings, road trips, or missed payments could rule out returns under GM’s new money-back programNEW YORK — You fell in love with that $22,000 Chevy Malibu because of its color, style and price. After driving it home, you realize there’s a lot to hate — maybe the way it handles on the highway, the location of the cupholders or the shape of the seats. Geithner supportive of exempting some businesses from proposed financial oversight agencyWASHINGTON — Ceding ground amid growing business opposition, the Obama administration on Wednesday signaled a willingness to exempt retailers, real estate brokers, lawyers, auto dealers, cable companies and accountants from oversight of its proposed Consumer Financial Protection Agency. Auto parts retailer AutoZone posts 3.1 pct dip in 4Q profit on tough comps, shares tumbleNEW YORK — Auto parts retailer AutoZone Inc. said Wednesday its fiscal fourth-quarter profit fell 3.1 percent, citing tough comparisons to a prior-year period that included an extra week of sales. Its shares dropped more than 7 percent. Ford to make four-door compact car in India as US automaker targets fast-growing AsiaNEW DELHI — Ford Motor Co. unveiled a made-in-India compact car and flagged expanded production in China as it seeks to boost sales in Asia, a region the U.S. automaker has hardly dented but is counting on to drive growth. AutoZone posts 3.1 percent drop in 4Q profit on tough comparision with longer year-ago periodMEMPHIS, Tenn. — Auto parts retailer AutoZone Inc. said Wednesday its fiscal fourth-quarter profit fell 3.1 percent, missing Wall Street expectations on tough comparisons to a prior-year period that included an extra week of sales. Ford to make low-cost compact car in India as US automaker targets fast-growing AsiaNEW DELHI — Ford Motor Co. will manufacture a low-cost compact car in India from early next year, the automaker said Wednesday, as it seeks to boost sales in fast-growing Asia. General Mills 1st-quarter profit rises on strong demand; food maker raises full-year outlookPORTLAND, Ore. — General Mills Inc., the maker of Cheerios and Yoplait yogurt, said Wednesday that its fiscal first-quarter profit surged 51 percent on lower ingredient costs and strong demand for its products. Potato farmers work hard to get their products looked at by McDonald’s for french friesKIMBERLY, Idaho — From the fields of Idaho to tasting rooms in suburban Chicago, potato farmers, researchers and industry representatives are in the midst of an elusive hunt: finding a new spud for McDonald’s french fries. Airline ticket buyers will get a new way to spend a little more, for charityMINNEAPOLIS — Travelers who buy airline tickets already wrestle with add-ons like cars, hotels, or planting a tree to make up for the jet fuel planes burn. Soon, they may be able to donate to fight AIDS in developing countries, too. Hummer buyer says it likely will locate headquarters in southeast Michigan near DetroitDETROIT — The Chinese company that’s in the running to buy Hummer from General Motors Co. likely will locate the brand’s corporate headquarters near Detroit, a spokesman said Tuesday. Govt awards Fisker Automotive $528.7 million loan to develop plug-in hybrid carsWASHINGTON — Fisker Automotive, a California manufacturer of luxury electric vehicles, will receive more than $500 million in federal loans to develop a plug-in hybrid sports car with a sticker price of nearly $90,000 and a new plug-in hybrid vehicle to be built in the United States. ConAgra CEO discuss acquisitions in today’s climateA number of food companies have consolidated in previous years, sharpening the focus of some companies while broadening the reach of others. But as the economic downturn hit, funding became limited and that activity has slowed as many corporations simply seek to protect their existing business. General Motors to increase output at 3 factories to make up for production at closed plantsDETROIT — General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to handle an expected increase in demand and to make up for production lost from a large-scale factory consolidation announced earlier in the year. General Motors to increase output at 3 factories to make up for shortages at dealersDETROIT — General Motors Co. says it will add shifts at three factories starting early next year. Cadbury asks U.K. takeover panel to force Kraft to make formal bid, or drop itNEW YORK — Candy maker Cadbury PLC has taken Kraft Foods Inc.’s unsolicited bid to British regulators, asking them to make the American food maker produce a formal takeover bid or abandon the proposal, according to a published report. ConAgra Foods 1Q profit falls 63 pct, but adjusted profit beat forecast, co. raises outlookPORTLAND, Ore. — ConAgra Foods Inc. said Tuesday that its first-quarter profit dropped 63 percent compared with a year earlier — when it sold a business — but its adjusted profit beat estimates, and it raised its outlook. |
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