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China antitrust regulator fines two Japan auto parts makers

Two Japanese automotive bearings makers said on Tuesday a Chinese regulator has ordered them to pay fines for violating antitrust laws as Beijing intensifies its scrutiny of business practices in the auto sector.

Aug 19, 2014 3:03 PM EDT

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U.S. consumer prices rise modestly in July

U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while.

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UK inflation falls more than expected; 2014 rate rise less likely

British inflation fell more than expected in July and surging house price growth slowed in June, making it less likely the Bank of England will raise interest rates this year.

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Lehman's London staff win $300 million pensions fight

More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle to receive their money from parts of the collapsed U.S. investment bank.

Heinz recalls four batches of infant food in China

Ketchup maker H.J. Heinz Co has recalled some infant food in eastern China after it was found to contain lead in excess of the allowable limit, the company said on Monday.

Aug 19, 2014 2:57 PM EDT

GM expands website for owners of recalled vehicles

General Motors Co's (GM.N) website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said.

Aug 19, 2014 2:55 PM EDT

U.S. housing market improving, inflation pressures muted

U.S. housing starts surged to an eight-month high in July, suggesting the nation's housing market recovery was back on track after stalling in the second half of last year.

Aug 19, 2014 2:54 PM EDT

Cost of raising a child in U.S. tops $245,000, USDA says

An average middle-income family in the United States can expect to spend about $245,000 over 18 years to raise a child born in 2013, the U.S. government estimated on Monday.

Aug 19, 2014 2:52 PM EDT

Former top Obama aide to lead Uber's global political campaign

Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign advisor, to devise and run its global political and branding strategy, as the fast-growing car rides-on-demand firm runs into stiff resistance from taxi companies in some cities.

Aug 19, 2014 2:51 PM EDT

Banks to return 2.86 billion euros in crisis loans to ECB next week

Banks will return 2.861 billion euros ($3.83 billion) in long-term loans to the European Central Bank next week after the ECB started to charge for holding banks' excess cash overnight and promised more long-term loans.

Aug 15, 2014 3:58 PM EDT

End of the Wirtschaftswunder? Germany's sudden slowdown

The German soccer team's romp to victory in last month's World Cup was hailed at home as a symbol of the country's emergence as a confident global economic power.

Aug 15, 2014 3:55 PM EDT

U.S. consumer sentiment dips in preliminary August reading

U.S. consumer sentiment fell in August to its lowest since last November while a barometer of current economic conditions rose to its highest since July 2007, a survey released on Friday showed.

Aug 15, 2014 3:53 PM EDT

When airport clubs are worth the money

When you fly several times a month, as Gabriella Ribeiro Truman does, finding a comfortable place to wait for a flight and grab a snack can make traveling a lot more enjoyable.

Aug 15, 2014 3:49 PM EDT

Phased retirement: How Washington is leading the way

Gwendolyn Ross will turn 66 in November, but she isn’t ready to retire. A deputy comptroller for the U.S. Coast Guard in Miami Beach, Florida, she hopes to work until she’s 70 - but she would like to cut back her hours.

Aug 15, 2014 3:43 PM EDT

Porsche prevails at U.S. appeals court over VW short squeeze

Porsche Automobil Holding SE persuaded a U.S. federal appeals court to uphold the dismissal of a lawsuit by more than 30 hedge funds that accused the German automaker of fraudulently cornering the market in Volkswagen AG shares.

Aug 15, 2014 3:39 PM EDT

FedEx indicted on new criminal charges in online pharmacy case

FedEx Corp faces a new charge of conspiring to launder money in a U.S. criminal case over the company's drug deliveries for rogue online pharmacies despite warnings from law enforcement.

Aug 15, 2014 3:30 PM EDT