BRIEFCASE.Byline: - Staff and Wire Reports 260,000 vehicles recalled by Ford DEARBORN, Mich. - Ford Motor Co. is recalling nearly 260,000 vehicles because they have engines that can stall without warning or fuel lines that can separate, officials said Monday. One recall affects more than 180,000 pickup trucks, sport utility vehicles This page lists sports utility vehicles currently in production (as of April 2007), as well as past models. The list includes crossover SUVs, Mini SUVs, Compact SUVs and other similar vehicles. and vans with 6.0 liter diesel engines. Those include the 2004 and 2005 models of F-Series Super Duty pickups, the Ford Excursion The Ford Excursion is a full-size sport utility vehicle that was produced by the Ford Motor Company between model years 2000 and 2005. It was the largest SUV in the lineup while it was produced. SUV and E350 and E450 vans. Ford also is recalling more than 78,000 F-series trucks because the fuel line can separate from the connection to the main fuel bundle, possibly resulting in a loss of power and stalled engines. Fuel leakage could result in a fire, NHSTA said. The second recall affects F-series trucks with gasoline engines. News Corp. OKs stock buyback Stock buyback A corporation's purchase of its own outstanding stock, usually in order to raise the company's earnings per share. stock buyback See buyback. NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - News Corp. has approved the repurchase of up to $3 billion of its shares, a sign that a deal to buy Liberty Media Corp.'s roughly $8.4 billion News Corp. stake may not be close at hand. Top executives at the New York-based media conglomerate have said a buyback wouldn't be prudent as long as the company is negotiating with John Malone's Liberty Media to buy at least part of its 18 percent voting stake in News Corp. T-bill rates rise in Monday auction WASHINGTON - Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels in nearly four years. The Treasury Department auctioned $17 billion in three-month bills at a discount rate of 2.975 percent, up from 2.965 percent last week. Another $15 billion in six-month bills was auctioned at a discount rate of 3.120 percent, up from 3.060 percent last week. Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged up to 3.30 percent last week from 3.28 percent the previous week. Charity donations rise by 5 percent NEW YORK - Americans increased donations to charity by 5 percent in 2004, a lift for philanthropies that saw contributions stagnate stag·nate intr.v. stag·nat·ed, stag·nat·ing, stag·nates To be or become stagnant. [Latin st in the past few years, says a new study released Monday. But givers sent most of their additional donations to organizations in which they had a direct stake, rather than social service groups dedicated to helping those less fortunate, says the report by the Giving USA Foundation. Overall, donations rose to $248.5 billion, the highest yearly total ever. That represents a 5 percent increase, or 2.3 percent when adjusted for inflation. Deliberations go on in Scrushy trial BIRMINGHAM, Ala. - Jurors in the corporate fraud trial of former HealthSouth Corp. chief Richard Scrushy deliberated a 13th day Monday without reaching a verdict on charges he led a $2.7 billion accounting fraud. The jury previously has sent notes to the judge stating members were deadlocked on all 36 counts against Scrushy. But there were no messages as the panel returned from a four-day break. The panel resumes deliberations this morning. OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its to bump up its production VIENNA, Austria - OPEC is expected to raise its daily output quota by half a million barrels when it meets later this week, though analysts said the move would have little impact on oil prices - an opinion that appeared to be verified by a $2-a-barrel surge on Monday. The anticipated increase would bring the official quota to 28 million barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. - a symbolic gesture, analysts said, since the cartel is already pumping that much. Including Iraq, which is not bound by the official quota, OPEC's daily output was 29.3 million barrels a day in May, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the International Energy Agency. AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. putting faith in freebie free·bie also free·bee n. Slang An article or service given free: "such freebies as subway and bus maps" New York. e-mail NEW YORK - You've got mail The audio announcement heard millions of times per day by AOL users. The voice was recorded by Elwood "El" Edwards in 1989 at the suggestion of his wife Karen, who worked in customer service for Quantum Computer Services (before Quantum became AOL). - and now it's free along with music and video. America Online See AOL. Inc. officials hope their new strategy will boost advertising revenues; many customers have dropped AOL amid the proliferation of Internet portals and free e-mail services. The company is making its content available to a wider audience for free in hopes of gaining more online real estate to sell to advertisers, said James Bankoff, AOL's executive vice president for programming and products. Who can fill shoes over at the Fed? ATLANTA - Most of the attention given to high-level White House appointments has been on the Supreme Court, but Bloomberg Markets (July) reminds us of another appointment that might be just as important in the long term: the next chairman of the Federal Reserve The Chairman of the Board of Governors of the Federal Reserve System is the head of the central banking system of the United States and one of the most important decision-makers in American economic policies. . Chairman Alan Green-span's 18-year stewardship of the economy comes to an end Jan. 31, 2006. The magazine cites three main contenders to be the next Fed chief: Harvard professor Martin Feldstein, Council of Economic Advisers Chairman Ben Bernanke and Columbia University business school dean R. Glenn Hubbard. |
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