Home » Author Archives: Megan Wright (page 570)

Author Archives: Megan Wright

GM, Chrysler dealers appeal closures

DETROIT — More than half of the nearly 2,800 dealers General Motors Co. and Chrysler Group LLC want to close are appealing those decisions, the group handling the appeals said Tuesday. The American Arbitration Association said 1,550 dealers filed the paperwork needed to contest the closures by the midnight Tuesday deadline. The group said that number could go higher as ...

Read More »

Toyota puts brake on car sales

TOKYO — The faulty gas pedals that prompted Toyota to suspend U.S. sales of eight of its most popular models — including the Camry, America’s best-selling car — are also in its vehicles sold in Europe, an official with the automaker said Wednesday. Toyota Motor Corp. announced late yesterday the unprecedented sales suspension to fix gas pedals that could stick ...

Read More »

House restores $100M to state budget

JACKSON — The Mississippi House, on a 73-47 vote, approved a bill yesterday that would restore $100 million of the $437 million in budget cuts made by Gov. Haley Barbour. A yes vote was a vote for the proposal, while a no vote was a vote against it. Voting yes were 71 Democrats and 2 Republicans. Voting no were 45 ...

Read More »

President's job tax credit wins few lawmakers

WASHINGTON — President Barack Obama’s push to create jobs includes a new tax credit for small businesses that add employees, an idea that has appeal as the nation struggles with an unemployment rate topping 10 percent. It is an idea, however, that fell flat in Congress when Obama first proposed it last year because lawmakers didn’t know how to target ...

Read More »

Nunnelee kicks off run for Congress

TUPELO — Republican Alan Nunnelee has formally announced his campaign for Congress in Mississippi’s First District, making stops Tupelo, Southaven and Columbus, The Associated Press reports. The 52-year-old Nunnelee wants to run against U.S. Rep. Travis Childers, a Democrat who has held the First District position since winning a special election in 2008. While never referring to Childers by name, ...

Read More »

Nucor sees earnings plummet

CHARLOTTE, N.C. — Nucor yesterday said its fourth-quarter earnings tumbled 44 percent, as the steelmaker dealt with soft demand for construction products and steel for automobiles. Earnings for the three-month period ended Dec. 31 fell to $58.9 million, or 18 cents per share. The company earned $105.9 million, or 34 cents per share, during the same period last year. Revenue ...

Read More »

Home prices continue to rise

MIAMI – Home prices rose for the sixth straight month in November, with 14 of 20 metro areas posting improvements from the month before. The Standard & Poor’s/Case-Shiller home price index released today inched up 0.2 percent to a seasonally adjusted reading of 145.49. The index was off 5.3 percent from November last year, nearly matching analyst’s estimates that it ...

Read More »

Federal deficit predicted to be $1.35T

WASHINGTON — The latest congressional budget estimates due today predict a $1.35-trillion U.S. deficit for this year, a top legislative aide says. The Congressional Budget Office figures confirm the massive problem facing President Barack Obama and his Democratic allies just days before his Feb. 1 budget submission. The White House says Obama will propose a three-year freeze on domestic agency ...

Read More »

Court staying out of water fight

WASHINGTON — The U.S. Supreme Court declined yesterday to intervene in the State of Mississippi’s claims that Tennessee’s largest city is pumping too much water out of an aquifer shared by the two states, according to The Associated Press. The nation’s high court did not comment on why it declined to hear the case. The State of Mississippi had claimed ...

Read More »

Jaguar Land Rover CEO steps down

NEW YORK — The head of Jaguar Land Rover has left the British luxury carmaker. A company spokesman yesterday declined to elaborate on the reasons behind the departure of CEO David Smith. Ravi Kant, vice chairman of Jaguar Land Rover’s parent company Tata Motors Ltd., will take over Smith’s duties until a permanent successor is found. Smith was installed in ...

Read More »