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By Deepa Seetharaman DETROIT (Reuters) - Chrysler Group LLC and Tesla Motors Inc , both led by media-savvy executives, are trading public jabs over the definition of payback. Tesla wired $452 million on Wednesday to repay the remaining portion of its U.S. Department of Energy loan with interest. The company described itself as `the only American car company to have fully repaid the government. Chrysler`s snappy rejoinder came four hours later: `Not exactly, Tesla.` In 2009, Tesla won a federal loan as part of a DOE program to promoted advanced vehicle development. That same year, the U.S. ...
Thursday, May 23, 2013 19:42 |
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By Deepa Seetharaman DETROIT (Reuters) - Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups. The fund, IncWell LP, will provide initial investments ranging from $50,000 and $250,000. IncWell has `strong interests` in the areas of clean energy, medical, healthcare, transportation and information applications. LaSorda, who was also a key manufacturing executive at General Motors Co, left Chrysler in 2009 just after the automaker filed for bankruptcy. ...
Thursday, May 23, 2013 17:09 |
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By Marcus George and Yeganeh Torbati DUBAI (Reuters) - Former president Akbar Hashemi Rafsanjani has accused Iran`s leadership of incompetence and ignorance just days after he was barred from standing in an election next month, the opposition Kaleme website reported on Thursday. Rafsanjani`s comments appeared to add to the political conflict between those loyal to the leadership and opposition groups who have been marginalized since post-election unrest in 2009. ...
Thursday, May 23, 2013 10:54 |
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BOSTON (Reuters) - The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market`s nadir in March 2009, Fidelity Investments said on Thursday based on a survey of its accounts. Most of the recovery is linked to a stock market rally that has lifted the broad S&P 500 Index 145 percent since the close of trading on March 9, 2009. The 401(k) recovery looks even better for workers 55 and older, according to Boston-based Fidelity, the largest U.S. administrator of 401(k) retirement plans. ...
Thursday, May 23, 2013 05:26 |
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Thursday, May 23, 2013 01:46 |
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The US justice secretary has acknowledged that four Americans have been killed abroad in drone strikes since 2009.
Thursday, May 23, 2013 06:00 |
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Counterterrorism drone strikes have killed four Americans overseas since 2009, the U.S. government acknowledged on Wednesday, one day before President Barack Obama delivers a major speech on his administration`s counterterrorism policy.
Thursday, May 23, 2013 00:41 |
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(Reuters) - Wal-Mart Stores Inc`s quarterly profit just missed Wall Street expectations on Thursday, with sales down 1.4 percent at its Walmart U.S. stores open at least a year. The world`s largest retailer said U.S. sales suffered from a delay in income tax refund checks, cool weather, less grocery inflation than expected, and the payroll tax increase. Shares of Wal-Mart fell 2.3 percent in premarket trading to $78. The stock had hit a new high of $79.96 on Wednesday. Wal-Mart earned $3.78 billion, or $1.14 per share, in the first quarter ended on April 30, up from $3.74 billion, or $1. ...
Thursday, May 16, 2013 12:43 |
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Counterterrorism drone strikes have killed four Americans overseas since 2009, the U.S. government acknowledged on Wednesday, one day before President Barack Obama delivers a major speech on his administration`s counterterrorism policy.
Wednesday, May 22, 2013 23:51 |
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By Phil Wahba and Jessica Wohl NEW YORK/CHICAGO (Reuters) - Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy`s Inc to Wal-Mart Stores Inc . Wal-Mart reported a 1.4 percent drop in sales at Walmart U.S. stores open at least a year, and gave a profit forecast for the second quarter that missed Wall Street estimates. The world`s largest retailer expects same-store sales at its namesake U.S. discount chain to be up 2 percent at best in the current quarter. ...
Thursday, May 16, 2013 23:00 |
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