Strong U S auto sales rise in November across most brands
Autodata reports U S monthly auto sales up 17 percent from November 2009 led by Ford GM Chrysler Nissan Hyundai and Honda with Toyota the sole maker down. Analysts cite pent up demand and regained consumer confidence as recovery gains traction and shoppers replace older vehicles.
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Detroit
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U.S
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Honda
Autodata Corp
Bruce Clark
Moody's Investors Service
Clark
Yingzi Su
Obama rejects offshore drilling in Gulf and East Coast
The Obama administration reversed course and will not pursue offshore drilling in the eastern Gulf of Mexico or the Atlantic coast. The decision drew Florida praise for tourism protection and industry criticism for limiting energy production. Interior Secretary Salazar cited lessons from BP and vowed stricter regulation while shifting focus to active leases in the central and western Gulf.
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Washington
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Barack Obama
Ken Salazar
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Salazar
Fifth Third to settle overdraft suit for 9.5 million
Fifth Third Bank will pay 9.5 million to resolve a class action by customers who alleged improper overdraft charges from batch processing. The suit claimed re sequencing of debit card and ATM transactions inflated fees. the bank denies wrongdoing but will post transactions chronologically under the settlement. A March 16 hearing is set for final approval.
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U.S. District Court
Illinois
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the Market IN Review
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