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Ex-Saab executives arrested on accounting charges
A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges. Prosecutor Olof Sahlgren says the three are "suspected of aggravated attempts to avoid tax controls" by allegedly falsifying parts of Saab's accounts between 2010 and 2011 — a crime that carries ...
Oil price falls below $96 a barrel
The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 55 cents to $95.47 a barrel in electronic trading ...
Lime Rock hosts race for electric cars
Two flat tires didn't deflate the enthusiasm of the Housatonic Valley Regional High School team that competed in the Electrathon at Lime Rock Park. In the school's first entry into the electric car competition, drivers Wayne Purdy and Brian Saccardi managed to get their entry around the track nine times. ...
Silicon Valley-area hub becomes factory town
In a busy factory, machinists move sheets of aluminum roll in the back door to be molded, stamped, twisted and notched into high-tech electric cars that sell for more than $60,000 each. Down the road in another plant, crews slice solar cells, place them under glass sheets and create panels ...
Silicon Valley-area hub becomes factory town
In a busy factory, machinists move sheets of aluminum roll in the back door to be molded, stamped, twisted and notched into high-tech electric cars that sell for more than $60,000 each. Down the road in another plant, crews slice solar cells, place them under glass sheets and create panels ...
Grand opening held for Model A museum in Michigan
A museum in southwestern Michigan that celebrates Ford Motor Co.'s Model A has held a grand opening ceremony. The 12,000-square-foot Model A Ford Museum is fashioned after a Ford dealership from 1928. It sits on the Gilmore Car Museum campus in Hickory Corners, about 115 miles west of Detroit. Marketing ...
Hagerstown man has car devoted to Dolly Parton
Dolly Parton once said "Sometimes you just have to toot your own horn. Otherwise, nobody will know you're a-comin'." For Paul T. Woodal Jr. of Hagerstown, his horn is attached to a Barbie-pink 2008 Volkswagen Beetle adorned with photos and sayings from one of country music's most beloved artists, Dolly ...
Business Highlights
___ A year after IPO, Facebook aims to be ad colossus NEW YORK (AP) — It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger ...
Falling yen to make Japan's goods more affordable
Attention, bargain-hunters around the world: Japanese goods — from cars to televisions — are going on sale. Credit Japan's drive to pump cash into its economy to stimulate growth. The extra money flooding its financial system is helping shrink the value of the yen. A U.S. dollar now buys about ...
World stocks strong into the weekend
World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue. The Conference Board reported that its leading indicator index for the U.S. increased 0.6 percent in April, following a 0.2 decline in March, due to recovering housing and labor markets. "In general, ...
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