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Obama admin supports trade ban measure: official (Reuters)

Reuters - The Obama administration supports a regulatory reform bill amendment that would toughen rules against high-risk speculative trading but cautioned against passing it as part of another measure that would block stronger auto lending rules, an administration official said on Thursday.

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Obama admin supports trade ban measure: official
(Reuters)

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Correction: Chrysler auto lending story (AP)

AP - In a story May 19 about a partnership between Chrysler Group LLC and Santander Consumer USA Inc., The Associated Press reported erroneously that 20 percent of Chrysler’s sales go to customers with subprime credit scores. The story should have said that 20 percent of Chrysler customers who apply for a loan have subprime credit scores.

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Correction: Chrysler auto lending story
(AP)

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Beazer Homes turns profit on higher sales (AP)

AP - Beazer Homes USA Inc. said Monday it turned a profit in its second quarter, reversing a loss from a year earlier as the number of completed home sales rose.

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Beazer Homes turns profit on higher sales
(AP)

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California governor no longer backs offshore oil plan (Reuters)

Reuters - Citing the massive oil slick in the Gulf of Mexico that threatens several U.S. states, Governor Arnold Schwarzenegger said on Monday that he no longer will support a plan to expand drilling off California’s coast.

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California governor no longer backs offshore oil plan
(Reuters)

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April Auto Sales: Chrysler (AP)

AP - Chrysler LLC said Monday that its April sales jumped 25 percent, helped by gains in sales of minivan and some sedans.

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April Auto Sales: Chrysler
(AP)

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Toyota dismisses Calif. man’s runaway Prius report (AP)

AP - Toyota Motor Corp.

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Toyota dismisses Calif. man’s runaway Prius report
(AP)

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Toyota dismisses account of runaway Prius (AP)

AP - Toyota dismissed the story of a man who claimed his Prius sped out of control on the California freeway, saying Monday that its own tests found the car’s gas pedal and backup safety system were working just fine.

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Toyota dismisses account of runaway Prius
(AP)

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Beazer Homes posts a $48 million profit for Q1 (AP)

AP - Beazer Homes USA Inc. says it posted a $48 million profit in its fiscal first quarter, as the homebuilder recorded a $101 million tax gain.

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Beazer Homes posts a $48 million profit for Q1
(AP)

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Toyota has fix for gas pedals; repairs this week (AP)

AP - Toyota apologized to its customers Monday and said a piece of steel about the size of a postage stamp will fix the gas pedal problem that led to the recall of millions of cars. Repairs will take about a half-hour and will start in a matter of days, the company said

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Toyota has fix for gas pedals; repairs this week
(AP)

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Davos forum considers world economy on last day (AP)

AP - The state of the world’s economy, and keeping it on a course of recovery, is the focus of the last day of the World Economic Forum.

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Davos forum considers world economy on last day
(AP)

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