Refiners say concessions offered by the U.S. Environmental Protection Agency in an order issued today to reduce smog-producing sulfur in gasoline aren’t enough and the rule will still result in higher prices for consumers.
Luxury carmakers such as BMW, Porsche and Mercedes-Benz are furiously filling in market gaps as they expand model ranges into new segments. Most often this means new sport-utility vehicles like Porsche’s upcoming Macan.
Ed Balls, treasury spokesman for the U.K. opposition Labour Party, offered an olive branch to Deputy Prime Minister Nick Clegg, saying he “understood totally” why the Liberal Democrat leader entered coalition with the Conservatives.
"For Parisians, it's not just Cartier. It's Maison. De. Cartier. It is a very important part of our history," says tour guide Véronique Guichard, on her first mention of the storied jeweler. This must be Paris.
Mining takeovers in Australia may reverse a slump after new Prime Minister Julia Gillard signaled a desire to resolve a dispute over a minerals tax that prompted the downfall of her predecessor, investment bankers said.
U.S. stocks fell a fourth day, the longest slump in 10 weeks for the Standard & Poor’s 500 Index, as investors weighed economic data for clues on the timing of Federal Reserve stimulus cuts amid optimism over a budget deal.
Ohio Senator Rob Portman said at a Bloomberg-Washington Post breakfast at the Republican National Convention in Tampa, Florida, that the U.S. presidential debates will help Republican Mitt Romney close a likability gap with President Barack Obama.
House Republican leaders proposed a short-term increase in the debt ceiling that would continue the government shutdown and reduce the prospects for a U.S. default while extending the partisan fiscal fight.