Obama faces GOP pushback as business toils over rules and taxes
Obama seeks business support amid criticism from corporate chiefs and Republicans over financial and health care rules taxes and spending. Dimon not on the bill signing guest list as jobs data deepen pressure for cross party action and small business growth.
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Fallen HP CEO reaps big payday
HP CEO Mark Hurd resigns amid findings of falsified expense reports involving Jodie Fisher while a multibillion dollar stock drop hits HP shareholders. Hurd receives a severance package potentially exceeding 40 million dollars including stock options. Analysts call the payout a sign of his value to HP and raise questions about executive contracts and termination for cause.
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Honda recalls nearly 400000 Accord and Civic cars over ignition switch flaw
Honda Motor Co recalls about 384,220 vehicles including 2003 model year Accords and Civics and 2003 2004 Element models due to an ignition interlock defect that could allow key removal with no park shift. NHTSA notes history of related recalls since 2003 and potential rollaway crashes.
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Honda Motor Co
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Cold smoothies spur big July sales at McDonalds
McDonalds posted its largest monthly U.S. sales increase in over a year in July as new fruit smoothies and ice cold frappes drew customers. Shares hit a record high as investors praised the strong performance and analysts noted the smoothies as a major win for the chain.
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