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DETROIT (AP) — Volkswagen is replacing the fuel tank covers on more than 200,000 of its diesel vehicles sold in the U.S. and Canada to remind owners to fill their tanks with diesel — not gasoline.
WASHINGTON (AP) — The White House says President Barack Obama opposes a House of Representatives bill that would speed approval of the proposed Keystone XL oil pipeline from Canada to Texas.
It’s one thing to say tech geniuses don’t need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college. But now we’ve got David Karp, who doesn’t even have a high school diploma. Karp, 26, founded Tumblr, the online blogging forum, and sold it to Yahoo for $1.1 billion.
Microsoft thinks it has the one. The company revealed the Xbox One, its next-generation entertainment console Tuesday. The console was demonstrated using voice control to switch among watching live TV, listening to music and browsing the Internet, as well as simultaneously running apps.
Apple’s CEO is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates.
A Purdue University economist says he expects this summer’s gasoline prices to be lower than last year. Energy economics specialist Wally Tyner projects prices in the Midwest will be between $3.50 and $3.90 a gallon.
NEW YORK (AP) — Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday. Stock indexes wobbled between gains and losses in early trading, then took a turn higher just before noon.
United Airlines has signed a deal that will have SkyWest Airlines run 40 Embraer planes under the United Express brand. The Embraer 175 is the first regional jet in the United Express fleet.
Special K first hit shelves in 1955 as a no-frills breakfast alternative but now caters to dieters who see its airy chips and pastries as a way to beat cravings and lose weight. And this summer, Kellogg Co. is building on its biggest moneymaker with a “hot cereal” called Special K Nourish that’s made with quinoa and other grains.
Billionaire Warren Buffett is spending his day listening to business pitches from a select group of kids, but the ideas aren’t likely to generate new acquisitions for Buffett’s Berkshire Hathaway.
Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the U.S.
Small companies are taking the limelight on a choppy start to the week. The Russell 2000, an index of small-company stocks, rose above 1,000 for the first time Monday. The index is outpacing the Dow Jones industrial average and the Standard & Poor’s 500 index this year.
SAN FRANCISCO — Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday represents Mayer’s boldest move yet since she left Google 10 months ago …
United Airlines is again flying the 787, four months after smoldering batteries forced the plane to be grounded worldwide. A United 787 flight took off from Houston on Monday morning and landed in Chicago.
NEW YORK — Jamie Dimon, chairman and CEO of the country’s biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs. It has been just more than a year since his bank, JPMorgan Chase, revealed a surprise trading loss that tarnished its usually stellar reputation in Washington and on Wall Street, and what a difference it has made. Shareholder groups are calling for the bank to strip him of his chairman job.