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White House, companies look for ways to hire long-term unemployed

Vice President Joe Biden will meet with human resource officers from major U.S. companies at the White House on Wednesday to discuss changes to hiring practices aimed at improving employment prospects for people who have been out of work for a while.

Oct 15, 2014 12:02 PM EDT


Time Warner to set HBO free, launch over-the-top service

Time Warner Inc plans to go head-to-head with Netflix Inc and launch a standalone option in 2015 for popular pay TV channel HBO.

Oct 15, 2014 11:53 AM EDT


U.S. retail sales, producer prices give cautionary signs on economy

U.S. retail sales declined in September and producer prices also fell, worrisome signals on the economy's health that heightened financial market worries over faltering global growth.

Oct 15, 2014 11:50 AM EDT


Wall Street selloff continues on global economy worry

U.S. stocks dropped on Wednesday as economic data reinforced worries over the health of the world economy and signs emerged of slowing merger activity.

Oct 15, 2014 11:46 AM EDT


Worrying for Saudi, U.S. oil output cuts could take a while

Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year.

Oct 15, 2014 11:42 AM EDT


Sergio's challenge: Build Jeep into FCA's top global brand by 2018

Auto analysts are skeptical that Sergio Marchionne, the hyperbolic chief executive of Fiat Chrysler Automobiles (FCHA.MI)(FCAU.N), can meet his most ambitious goal: to nearly double Jeep's global sales over the next four years.

Oct 15, 2014 11:38 AM EDT


Toyota China JV recalls 93,700 sedans due to leaking brake fluid

Toyota Motor Corp's (7203.T) Chinese joint venture will recall 93,700 cars due to leaking brake fluid, China's quality watchdog said on Wednesday.

Oct 15, 2014 11:34 AM EDT


Toyota recalls 1.67 million Toyota, Lexus cars

Japan's Toyota Motor Corp (7203.T) said on Wednesday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake's performance.

Oct 15, 2014 11:27 AM EDT


GM's third-quarter global vehicle sales up 2 percent on strong China, U.S. demand

General Motors Co's (GM.N) global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States.

Oct 15, 2014 11:19 AM EDT


French bank turns to Twitter for money transfers

One of France's largest banks launched a service on Tuesday to allow its customers to transfer money to other people via tweets on social network Twitter Inc. (TWTR.N).

Oct 14, 2014 12:00 PM EDT


Citi pulls consumer banks from 11 markets, profit tops estimates

Citigroup Inc (C.N) said it would pull out of consumer banking in 11 markets, including Japan and Egypt, as the most international U.S. bank focuses on more profitable businesses.

Oct 14, 2014 11:56 AM EDT


JPMorgan posts profit as trading picks up and legal costs ease

JPMorgan Chase & Co (JPM.N) reported a third-quarter profit as the biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year.

Oct 14, 2014 11:51 AM EDT