GM recalls far from calamity for some dealers who find new customers, business

FOX LAKE Ill. - The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago.

Recent Business News

Shares in Britain's RBS soar after surprise profit

LONDON - Royal Bank of Scotland posted a surprise 1 billion pound ($1.7 billion) pretax profit for the second quarter thanks to a turnaround in losses from bad loans, prompting it to release earnings a week early.

4:25am EDT

Murdoch's 21st Century Fox pledges to extend buybacks

LONDON - Rupert Murdoch's 21st Century Fox said on Friday it would renew a share buyback program using the proceeds from its partial exit from European pay-TV, regardless of any acquisitions the media group undertakes.

Deals, Rupert Murdoch 6:57am EDT

Russian consumer watchdog seeks ban on some McDonalds' products

MOSCOW - Russia's consumer protection agency has filed a lawsuit in a Moscow court seeking to ban some of McDonald's Corp's burgers along with its milk shakes and ice cream, a court spokeswoman said on Friday.

5:49am EDT

EU regulators to decide on Oracle, Micros deal by Aug. 29

BRUSSELS - European Union antitrust regulators will decide by Aug. 29 whether to clear world No. 2 software maker Oracle Corp's $5.3 billion bid for Micros Systems , the European Commission said on Friday.

Sluggish Latin American results show risks for U.S. companies

- U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth.

1:13am EDT


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