Edition:
United States

Ben Klayman

Tariffs ding Detroit automakers' profit forecasts, stocks hit

Jul 25 2018

DETROIT Detroit automakers General Motors Co , Ford Motor Co and Fiat Chrysler Automobiles NV (FCA) lowered their full-year profit forecasts on Wednesday due to escalating tariffs, hitting their stocks as investors bet that escalating trade disputes would hurt margins and sales. | Video

Ford cuts 2018 profit forecast; tariffs, China sales hurt second quarter

Jul 25 2018

DETROIT Ford Motor Co on Wednesday lowered its full-year earnings forecast due to slumping sales and trade tariffs in China and its struggling business in Europe, and said ongoing plans to revamp its business could lead to pre-tax charges of up to $11 billion (8.35 billion pounds)over the next three to five years.

Ford cuts 2018 profit forecast; tariffs, China sales hurt second quarter

Jul 25 2018

DETROIT Ford Motor Co on Wednesday lowered its full-year earnings forecast due to slumping sales and trade tariffs in China and its struggling business in Europe, and said ongoing plans to revamp its business could lead to pre-tax charges of up to $11 billion over the next three to five years.

U.S. carmakers expected to warn of tariff pain when releasing results

Jul 20 2018

DETROIT When Detroit's automakers report earnings on Wednesday, they are likely to highlight escalating tariffs and use the opportunity to warn investors of far greater pain ahead should U.S. President Donald Trump impose broader tariffs on the industry's vehicles and parts, consultants and analysts said.

U.S. gymnastics doctor's boss at Michigan State charged with sex crime

Mar 27 2018

DETROIT A former Michigan State University dean, who supervised the doctor at the center of the USA Gymnastics sex abuse scandal, was himself charged on Tuesday with criminal sexual conduct involving medical school students. | Video

'Stench' of Nassar scandal will dog USA Gymnastics for years: experts

Jan 26 2018

DETROIT The scandal stemming from longtime USA Gymnastics doctor Larry Nassar's sexual abuse of young female athletes could take a financial toll on the sports federation for years, sponsorship executives said. | Video

Carpinteria still rosy after California wildfires spare flower farms

Dec 16 2017

Dani Hahn was terrified as she watched dozens of firefighters racing to light a small blaze that they hoped would clear enough space to halt the giant wildfire advancing on her rose farm at the foot of Southern California's Santa Ynez Mountains.

Carpinteria still rosy after California wildfires spare flower farms

Dec 16 2017

Dani Hahn was terrified as she watched dozens of firefighters racing to light a small blaze that they hoped would clear enough space to halt the giant wildfire advancing on her rose farm at the foot of Southern California's Santa Ynez Mountains.

Wildfires pile woes on California pot industry after tough year

Dec 08 2017

Wildfires blazing through Southern California are worrying marijuana growers, who fear that smoke could damage their crops, the basis of a newly legalized industry in the state.

Kid Rock hints online he will run for U.S. Senate

Jul 13 2017

DETROIT Recording star Kid Rock, an outspoken supporter of Republican President Donald Trump, hinted in website and social media messages on Wednesday that he intends to run for the U.S. Senate in 2018, promising a "major announcement" to come soon. | Video

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