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By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks dipped on Monday, retreating from the most recent record high, but an unexpected rise in retail sales last month muted declines. The Commerce Department said retail sales edged up 0.1 percent, coming after a 0.5 percent March decline and defying an average forecast by economists polled by Reuters for a drop of 0.3 percent. Excluding autos, gasoline and building materials, core sales rose 0.5 percent. Retail sales account for about 30 percent of U.S. consumer spending. ...
Monday, May 13, 2013 15:42 |
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MILAN (AP) — The European auto industry may be showing the first signs of a slowdown in its sales free-fall, according to data from the European automaker`s association.
Friday, May 17, 2013 12:23 |
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PRAGUE (Reuters) - Unit sales at Skoda Auto fell by 4.6 percent in April due to a switch to a new Octavia model and continued weak demand in some European markets, the car maker said on Thursday. Skoda, the Czech Republic`s largest exporter and a unit of Germany`s Volkswagen , is seen as a gauge of the export-reliant economy`s performance. The car producer sold 77,600 units in the month of April. In the January-April period it sold 298,000 cars, down by 8 percent year on year, it said. ...
Thursday, May 16, 2013 12:22 |
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WASHINGTON (AP) — U.S. factories cut back sharply on production in April, as auto companies cranked out fewer cars and most other industries reduced output.
Wednesday, May 15, 2013 14:45 |
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A German federal court has told Google to clean up the auto-complete results its search engine suggests.
Tuesday, May 14, 2013 18:15 |
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(Reuters) - Ally Financial Inc must sign a deal to resolve claims that it owes billions of dollars to creditors of its Residential Capital LLC unit by 11 a.m. EDT Tuesday (1500 GMT) to avoid the publication of a potentially damaging report into its role in ResCap`s bankruptcy. Negotiations between the auto lender, which is three-quarters owned by the U.S. government, and creditors of its home lending subsidiary have already dragged beyond an initial deadline of Friday. ...
Tuesday, May 14, 2013 14:40 |
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DETROIT (AP) — U.S. auto safety regulators are investigating complaints that the engines in three Chrysler models can stall without warning.
Tuesday, May 14, 2013 13:35 |
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