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Average US 30-Year Mortgage Rate Falls to 4.14 Percent

June 26th, 2014
WASHINGTON (AP) -- Average U.S. rates on fixed mortgages declined this week, hovering near historically low levels. Mortgage buyer Freddie Mac says the average rate for a 30-year loan eased to 4.14 percent from 4.17 percent last week. The...

Justices Rule for Broadcasters in Fight with Aereo

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June 25th, 2014
WASHINGTON (AP) — The Supreme Court has ruled that a startup Internet company has to pay broadcasters when it takes television programs from the airwaves and allows subscribers to watch them on smartphones and other portable devices. The...

Security Fee on Airline Tickets Set to Rise

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June 19th, 2014
(Image Courtesy: MGN Online) WASHINGTON (AP) -- Airline passengers are about to pay more for security screening. Following orders from Congress, the Transportation Security Administration is poised to raise the fee to $5.60 each way. That's...

State Rebates Available for Those Buying or Leasing Electric Cars

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June 18th, 2014
(WGGB) -- Massachusetts drivers who buy or lease new electric cars can begin applying for rebates from the state, worth up to $2,500. The $2 million dollar program will let electric car owners or lessees to receive a rebate on cars bought on or...

Congress to Scrutinize GM’s Corporate Culture

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June 16th, 2014
DENVER (AP) -- U.S. Rep. Diana DeGette wants General Motors to explain how it plans to fix what's been described as a lax corporate culture and how the company plans to compensate victims of crashes tied to faulty ignition switches. The...

USDA: Recalled Beef Sent to Conn. Distribution Center

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June 12th, 2014
KANSAS CITY, Mo. (AP) — A Missouri company has recalled possibly tainted beef products distributed to two restaurants and a grocery chain, the U.S. Department of Agriculture said. Jackson-based Fruitland American Meat is recalling about...

US Opens Investigation of Air Bag Ruptures

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June 11th, 2014
DETROIT (AP) — U.S. safety regulators are investigating whether 1.1 million vehicles from five automakers have air bags that could hurt people in a crash. The National Highway Traffic Safety Administration says it opened the probe Wednesday...

United Changing How Travelers Earn Mileage Rewards

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June 10th, 2014
photo MGN by DAVID KOENIG, AP Airlines Writer DALLAS (AP) — Travelers who fly the most and pay the most will soon earn more miles on United Airlines' frequent-flier program. The change will help elite members of United's loyalty program...

GM Recalling 89,000 Autos

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June 6th, 2014
Courtesy: MGNOnline NEW YORK (AP) — General Motors is recalling more than 89,000 autos because of air bag defects and other problems. The automaker said Friday that is recalling 31,520 Buick Verano and Chevrolet Camaro, Cruze and Sonic cars...

ZipCar Launches Service in Holyoke

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June 5th, 2014
HOLYOKE, Mass. (WGGB) -- There's a new and unique way to zip around Holyoke and the Valley. Mayor Alex Morse announced the city's partnership with ZipCar Thursday. All you have to do is pay $25 and pay rates depending on which car you...

GM Fires 15 After Ignition Switch Investigation

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June 5th, 2014
Courtesy: MGNOnline by TOM KRISHER AND DEE-ANN DURBIN, AP Auto Writers WARREN, Mich. (AP) -- GM CEO Mary Barra said 15 employees have been fired and five others have been disciplined over the company's failure to disclose a defect with...

Ford Recalls 1.1M Vehicles for Steering Problems

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May 29th, 2014
(AP) -- Ford is recalling 1.1 million SUVs to fix problems that could result in the loss of power steering while driving. The company issued two recalls, one affecting 915,000 Ford Escape and Mercury Mariner small SUVs and one affecting...

Average US 30-Year Mortgage Rate Down to 4.12 Percent

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May 29th, 2014
WASHINGTON (AP) -- Average U.S. rates on fixed mortgages fell this week for a fifth straight week. The spring home-buying season has started slowly, but it may be aided by the low rates. Mortgage buyer Freddie Mac says the average rate for a...

Apple Seeks to Regain Cool with $3B Acquisition of Beats

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May 28th, 2014
(Image Courtesy: MGN Online) By MICHAEL LIEDTKE and RYAN NAKASHIMA, AP Business Writers CUPERTINO, Calif. (AP) -- Apple is striking a new chord with a $3 billion acquisition of headphone and streaming music company Beats...

FTC: Lice Shampoo Maker Settles on ‘Deceptive’ Ads

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May 28th, 2014
NEW YORK (AP) -- The Federal Trade Commission said Wednesday that the maker of Lice Shield shampoos and sprays has settled charges that its ads misled consumers. The FTC said cosmetics company Lornamead has agreed to pay $500,000 and to stop...