Senate will approve ‘cash-for-clunkers’ extension, Democratic leader saysWASHINGTON — Senate Majority Leader Harry Reid is predicting swift approval for an extension of the popular “cash-for-clunkers” program, which is rapidly running out of money because of surging demand from consumers eager to purchase new cars with federal help. Stocks zigzag after better data on consumer spending and housing; traders pause after rallyNEW YORK — Stocks barely budged Tuesday as investors took a break from a huge three-week rally. DOT declines to release data on ‘cash for clunkers’ that would show impact on US carmakersWASHINGTON — The Obama administration is refusing to quickly release government records on its “cash-for-clunkers” rebate program that would substantiate — or undercut — White House claims of the program’s success, even as the president presses the Senate for a quick vote for $2 billion to boost car sales. Reid says Senate will vote to replenish ‘cash-for-clunkers’ program before August vacationWASHINGTON — Senate Majority Leader Harry Reid is predicting swift approval for an extension of the popular “cash-for-clunkers” program, which is rapidly running out of money after surging demand from consumers eager to purchase new cars with federal help. ‘Cash for clunkers’ gains support in the SenateWASHINGTON — Senate Majority Leader Harry Reid says the Senate will vote to replenish the popular “cash-for-clunkers program” before leaving on a monthlong vacation later this week. Investors try to extend rally, edge higher after better consumer spending, housing dataNEW YORK — Stocks edged higher Tuesday as investors tried to extend a huge three-week rally. Stocks waver, easing off a 3-week rally, despite better consumer spending and housing dataNEW YORK — Stocks wavered Tuesday, taking a break from a huge rally, as more signs of healing in the housing market and an uptick in consumer spending failed to spur buying. Stocks slide despite reports showing uptick in consumer spending, more healing in housingNEW YORK — Stocks drifted lower Tuesday, taking a break from a huge rally, as more signs of healing in the housing market and an uptick in consumer spending failed to spur buying. ‘Cash for clunkers’ gains support in the Senate, could end by Friday unless $2 billion addedWASHINGTON — The Obama administration expressed more confidence Tuesday that Senate Democrats can win over enough Republicans to pass a $2 billion extension of a popular rebate program that gives consumers up to $4,500 to trade in their old gas guzzlers for more fuel-efficient vehicles. In sign of strength, S&P 500 breaks past 1,000 as Wall Street rally blows into AugustNEW YORK — The Standard & Poor’s 500 index is four digits again now that the stock market’s rally has blown into August. Govt rebates spur best auto sales month of 2009; Ford is in the plus column 1st time since ‘07DETROIT — Lured by the government’s cash for clunkers campaign, car and truck buyers started returning to showrooms last month, as Ford Motor Co. reported its first U.S. sales increase in nearly two years and other major automakers said sales showed signs of stability. S&P breaks 1,000 as August trading begins with signs of healing in manufacturing, housingNEW YORK — The stock market is extending its summer rally as August brings more upbeat economic data. Meltdown 101: Can you still get money toward a new car under the cash-for-clunkers program?WASHINGTON — The government’s cash for clunkers program has been so popular that the $1 billion fund set aside to pay for it has nearly dried up. With the chance to take up to $4,500 off the sticker price, buyers have flooded dealerships to trade in gas-guzzlers for new cars with better gas mileage. BMW July sales drop 27 percent, boost from cash for clunkers limitedWOODCLIFF LAKE, N.J. — BMW Group, which includes both the BMW and Mini brands, on Monday reported a double-digit sale decline for July, saying that it didn’t get as much of a boost from the government’s cash for clunkers program as other automakers. White House spokesman: cash-for-clunkers program may not survive if Senate doesn’t vote by FriWASHINGTON — President Barack Obama’s chief spokesman says the popular cash for clunkers rebate program may not survive beyond Friday if the Senate doesn’t provide a $2 billion cash infusion. Car buyers return to showrooms in July, boosting sales as big rebates drive businessDETROIT — Lured by the government’s cash for clunkers campaign, car and truck buyers started returning to showrooms last month, as Ford Motor Co. reported its first U.S. sales increase in nearly two years and other major automakers said sales showed signs of stability. Administration says ‘clunkers’ pushing gains in fuel efficiency, urges Senate to provide $2BWASHINGTON — The Obama administration appealed to the Senate on Monday to bail out the cash for clunkers rebate program, arguing it has already made striking gains in fuel efficiency and is a “wildly popular” economic boost. Ford posts its first sales increase in nearly 2 years on strong “cash-for-clunkers” trafficDETROIT — Lured by the government’s cash-for-clunkers campaign, car and truck buyers started to return to Ford Motor Co. showrooms last month, with the automaker reporting its first U.S. sales increase in nearly two years. Ford posts its first sales increase since 2007 on strong “cash-for-clunkers” trafficDETROIT — Ford Motor Co. says July sales rose nearly 1.6 percent over the same month last year as the government’s wildly successful “cash-for-clunkers” program gave the automaker a significant boost. White House trying to keep ‘cash for clunkers’ program alive amid funding concernsWASHINGTON — The government’s popular “cash for clunkers” program may be running out of money after only a matter of days as car shoppers flock to dealerships to take advantage of the rebates. Correction: Cash For Clunkers storyNEW YORK — In a July 28 story about the early results of the government’s “cash for clunkers” program, The Associated Press misidentified the program’s official title. It is the Car Allowance Rebate System, not the Cash Allowance Rebate System. Fuel-economy review alters eligibility of 164 trade-in vehicles in ‘cash for clunkers’ programNEW YORK — A review of fuel-economy data has changed the eligibility of 164 trade-in vehicles in the government’s “cash for clunkers” program. Wary auto recyclers say they’ll try to cash in on government’s cash for clunkers programDENVER — Not all auto recyclers are relishing the government’s new cash for clunkers program, which requires car dealers to destroy the gas-guzzlers they get as trade-ins from new car buyers. Meltdown 101: A consumers’ guide to the government’s ‘cash for clunkers’ programWASHINGTON — Got an old gas guzzler in the garage? Car shoppers can take advantage of new government incentives worth $3,500 to $4,500. Owners can scrap their clunker in exchange for a new, more fuel-efficient vehicle, and lop off thousands of dollars from the sticker price. Congress approved the “Car Allowance Rebate System,” or “CARS,” program last month to boost auto sales and attempt to retire some inefficient cars and trucks. Here’s a look at the program: Senate passes $1 billion ‘cash for clunkers’ program over strong Republican oppositionWASHINGTON — Congress approved a “cash for clunkers” program Thursday to provide government incentives of $3,500 to $4,500 to motorists who trade in their gas guzzlers for more fuel efficient vehicles after Senate Democrats narrowly defeated a Republican effort to kill the plan. Senate defeats GOP effort to kill $1 billion ‘cash for clunkers’ programWASHINGTON — Senate Democrats narrowly defeated a GOP effort Thursday to kill a $1 billion “cash for clunkers” program that would provide government incentives of $3,500 to $4,500 to motorists who trade in old gas guzzlers for more fuel efficient vehicles. Editorial Roundup: Excerpts From Recent Editorials in Newspapers in the US and Abroad.Excerpts from recent editorials in newspapers in the United States and abroad: AP News in BriefObama says he’ll accept Nobel Peace Prize as ‘call to action’ toward peace and prosperity AP News in BriefIran test fires missiles amid global flap over its nuclear ambitions |
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