Business: Industries

GM sues over millions spent on steering repairs

AP - Mon Nov 23, 4:29 PM ET

DETROIT - General Motors Co. has sued a supplier, saying it has spent more than $30 million fixing problems in the steering systems of the Chevrolet Cobalt, its best-selling small car, and other vehicles.

  • A car drives past a sign pointing the way to Opel's plant in the western German city of Bochum on November 4. European governments pulled back on Monday from a subsidy war feared by EU commission officials as US auto maker General Motors prepares severe job cuts in Europe.(AFP/DDP/File/Volker Hartmann)
    EU governments pull back from Opel subsidy war AFP - Mon Nov 23, 3:23 PM ET

    BRUSSELS (AFP) - European governments pulled back on Monday from a subsidy war feared by EU commission officials as US auto maker General Motors prepares severe job cuts in Europe.

  • Valeant Pharma begins selling generic IBS drug AP - Mon Nov 23, 3:46 PM ET

    ALISO VIEJO, Calif. - Valeant Pharmaceuticals said Monday it began selling a generic version of Librax, a treatment for irritable bowel syndrome drug.

  • $75M verdict unsealed in Prempro-cancer case AP - Mon Nov 23, 3:32 PM ET

    PHILADELPHIA - A jury in Philadelphia has ordered Wyeth Pharmaceuticals to pay a woman $75 million in punitive damages after finding a link between her breast cancer and a hormone-replacement drug.

  • Apple Enters AT&T vs. Verizon Ad War PC World - 2 hours, 23 minutes ago

    In a battle between AT&T and Verizon Wireless that never seems to end, AT&T's partner Apple now appears to be getting into the mix with two retaliatory iPhone TV ad that air Monday night. The ads comes hot on the heels of AT&T's TV ad campaign that aimed to "setting the record straight" around Verizon's "there's a map for that" campaign.

  • 3G Coverage? Apple Joins AT&T-Verizon Ad Battle NewsFactor - Mon Nov 23, 5:09 PM ET

    Is an iPhone an acceptable device for business users? Verizon Wireless and AT&T have been involved in a public multimillion-dollar spat over the question with dueling television advertising campaigns -- and a lawsuit to boot. Now Apple is stepping into the fray with its own ads.

  • More retail brokers mull "breaking away": study Reuters - 1 hour, 53 minutes ago

    CHARLOTTE, North Carolina (Reuters) - As the economy shows signs of stabilizing, major retail brokers are increasingly comfortable with leaving the largest brokerage houses and setting out on their own, according to a company that provides services to the brokers.

  • Peet's raises offer for Diedrich to $265M AP - Mon Nov 23, 5:09 PM ET

    EMERYVILLE, Calif. - Peet's Coffee & Tea Inc., hoping for a stake in the growing single-serve coffee brewing market, on Monday boosted its bid for a wholesale roaster and distributor by 24 percent.

  • Zions Bancorp announces stock exchange offer AP - Mon Nov 23, 1:35 PM ET

    SALT LAKE CITY - Bank holding company Zions Bancorp. on Monday announced an offer to exchange about $140 million of its preferred stock for common stock.

  • In this Nov. 17, 2009 photo Mike Samsel holds up an Ohio whitetail deer he shot in Ashtabula County in 2007. More venison is being donated to strapped food banks as states provide financial and other aid to help manage high deer populations and feed the hungry at the same time, and pantries struggling to meet rising demand hope more states will follow that lead. Samsel has been donating venison for more than 20 years. (AP Photo/Tony Dejak)
    Ohio, other states giving venison donations a lift AP - Mon Nov 23, 10:18 AM ET

    CINCINNATI - Hunters are donating more venison to strapped food banks as Ohio and other states offer financial aid aimed at managing high deer populations. It's a much-needed boost for pantries struggling to meet rising demand.

  • Murdoch courts trouble if he blocks Google on news Reuters - 1 hour, 3 minutes ago

    NEW YORK (Reuters) - Rupert Murdoch has spent months complaining that Google is ruining the newspaper business, and now he wants to do something about it.

  • A copy of the book "Through the Looking Glass, and What Alice Found There" that belonged to the British girl, Alice Liddell, who inspired author Lewis Carroll's "Alice in Wonderland" is shown in this undated publicity photograph. The book will be sold at an auction in December 2009 by Profiles in History. REUTERS/Courtesy Profiles in History/Handout (UNITED STATES MEDIA ENTERTAINMENT) NO SALES. NO ARCHIVES. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS
    The real Alice in Wonderland's book up for auction Reuters - Mon Nov 23, 5:18 PM ET

    LOS ANGELES (Reuters) - A copy of the book "Through the Looking Glass, and What Alice Found There" that belonged to the British girl who inspired author Lewis Carroll's "Alice in Wonderland" will be sold at an auction next month, the company behind the sale said on Monday.