15 May, 2014 by The TZ Newswire Staff Comments Off on GM recalls almost 3 million vehicles, facing $200 million charge
GM recalls almost 3 million vehicles, facing $200 million charge
GM did not have figures immediately for how many vehicles outside of the United States were affected by the recalls, but said the new actions were a result of the higher focus the company has put on safety issues following the recall of 2.6 million vehicles for a faulty ignition switch. “We have redoubled our efforts to expedite and resolve current reviews in process and also have identified and analyzed recent vehicle issues which require action,\” GM’s global vehicle safety chief Jeff Boyer said in a statement.
15 May, 2014 by The TZ Newswire Staff Comments Off on Obamacare ‘just a big political mess:’ Steven Levitt
Obamacare ‘just a big political mess:’ Steven Levitt
‘Freakonomics’ co-author Steven Levitt is not a fan of the Affordable Care Act.
15 May, 2014 by The TZ Newswire Staff Comments Off on Economic Report: Home builders most pessimistic in a year
Economic Report: Home builders most pessimistic in a year
Home builders are the most pessimistic they’ve been in a year, with lower views on present sales hitting their confidence in the market for newly built, single-family homes, according to data released Thursday.
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15 May, 2014 by The TZ Newswire Staff Comments Off on Bond Report: 10-year Treasury yield below 2.5% at 7-month low
Bond Report: 10-year Treasury yield below 2.5% at 7-month low
Treasurys rally despite strong data as shorts cover their positions.
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15 May, 2014 by The TZ Newswire Staff Comments Off on Slide Show: 5 states with the highest foreclosure rates
Slide Show: 5 states with the highest foreclosure rates
Foreclosures as a percentage of sales are falling, but they’re still high in some states.
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15 May, 2014 by The TZ Newswire Staff Comments Off on Another rude awakening for millennials
Another rude awakening for millennials
Graduating college students are overwhelmingly expecting on-the-job training, but here’s what’s really in store.
15 May, 2014 by The TZ Newswire Staff Comments Off on Philly Fed factory activity growth slows in May
Philly Fed factory activity growth slows in May
Factory activity in the U.S. mid-Atlantic region grew in May at a faster pace than expected, though it decelerated from the previous month.