Chrysler agrees to recall of Jeeps at risk of fire

After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. 1371597875

US consumer prices rise just 0.1 pct. in May

U.S. consumer prices rose slightly last month, as higher energy costs partly offset cheaper food. The small increase is further evidence that consumers are benefiting from mild inflation.
Duke Energy names insider to take over for Rogers

Duke Energy Corp., the nation's largest electric utility, named Chief Financial Officer Lynn Good to replace Jim Rogers next month as CEO.
US home construction rises 6.8 percent in May

U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years. The gains show housing remains a key source of growth for the economy.
Chrysler agrees to recall of Jeeps at risk of fire

Chrysler abruptly agreed to recall 2.7 million older model Jeeps Tuesday, reversing a defiant posture and avoiding a possible public relations nightmare over fuel tanks that can catch fire in a rear-end collision. 1371586185
Duke Energy names insider to take over for Rogers

Duke Energy's chief financial officer will take over for retiring CEO Jim Rogers at the end of the month.
Oil climbs above $98 ahead of Fed policy news

The price of oil rose above $98 Tuesday as traders awaited the latest word on both the Federal Reserve's monetary policy and U.S. oil supplies. 1371583759
Stocks move higher on home building, low inflation

The stock market is moving higher in midday trading after the government reported gains in home construction and low inflation.
Wake-up call: Starbucks to post calorie counts

Starbucks has a new way to wake up its customers: showing the calories in its drinks.
Ahead of the Bell: US Housing Starts

U.S. home construction has risen steadily in the past year, fueled by more buyers and a scarcity of houses for sale.
Stocks move higher as traders wait on the Fed

The stock market is closing higher as investors anticipate that the Federal Reserve will keep programs to support the U.S. economy in place. 1371587065
United adds spending requirement for elite status

United Airlines is making it a little harder to get a higher frequent-flier status.
Starbucks pushes new food items to energize sales

Starbucks wants coffee fans to think of it as a spot to grab lunch or late afternoon bite - not just a place to get a cup of morning joe.
Chrysler expected to formally refuse Jeep recall

Chrysler is expected to file papers Tuesday explaining its refusal to recall 2.7 million older Jeep SUVs.
SEC to require mea culpas in some big settlements

The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements. 1371600285
Here's what to watch for Wednesday from the Fed

What the world hopes to hear Wednesday from the Federal Reserve can be summed up in one word: clarity. 1371587360
Duke Energy names insider to take over for Rogers

Duke Energy Corp., the nation's largest electric utility, named Chief Financial Officer Lynn Good to replace Jim Rogers next month as CEO.
Futures rising as Fed gathers in Washington

U.S. stock futures rose for the second time in as many days as the Federal Reserve opens its two-day policy meeting in Washington.
Sprint sues to stop Dish Clearwire buyout

Sprint is suing to stop Dish Network's buyout of wireless data network operator Clearwire. The nation's third-largest cellphone carrier said the proposed deal violates the rights of Sprint and other Clearwire shareholders.
News Summary: Chrysler agrees to recall 2.7M Jeeps

CHRYSLER CAVES: Chrysler reversed course and agreed to recall 2.7 million Jeeps Tuesday. The company insists the vehicles are safe, and initially denied the government's request to recall them. But it says it realizes customers are worried. 1371587065