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Playing the IRS card: Six presidents who used the IRS to bash political foes

Since the advent of the federal income tax about a century ago, several presidents – or their zealous underlings – have directed the IRS to use its formidable police powers to harass or punish enemies, political rivals, and administration critics. Here are six infamous episodes.
Fortune 500: Top 10 companies in 2013

Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.
Top 5 product recalls in US history

Product recalls happen nearly every day, but these five had a lasting impact. Can you guess which product recall was the most significant?
Six points where Mitt Romney and his economic advisers are mostly wrong

Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
10 great summer cars

Wind in your hair, sun in your face – the summer drive is as classic a pastime as barbecues and baseball. For dedicated sun-seekers, the right machine can make all the difference, and since most of us can’t afford the demi-convertible Maybach Landaulet limousine, here are 10 fun-loving new models sure to keep a summer smile on your face. Climb into one of these this season, and you’ll be happy to keep driving duties for yourself.

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Myanmar's White House bow: well done, but not mission accomplished

Thein Sein on Monday became the first Burmese president to visit the US since 1968. His meeting with President Obama is part of an opening of Myanmar to US business, but there's much more to do, a human-rights activist says.
Playing the IRS card: Six presidents who used the IRS to bash political foes

Since the advent of the federal income tax about a century ago, several presidents – or their zealous underlings – have directed the IRS to use its formidable police powers to harass or punish enemies, political rivals, and administration critics. Here are six infamous episodes.
In Gear Tesla Motors to issue more stock, pay off Energy department

Tesla Motors announced Wednesday it would issue up to 2.7 million to 3.1 million more shares of its common stock, Voelcker writes. Tesla Motors plans to use the proceeds of the offering to prepay the remainder of its $465 million low-interest loan from the US Department of Energy.
In Gear Would Apple really buy Tesla?

Tesla looks unlikely to stay independent in the long run. While some commentators point to Apple as a possible buyer, a more logical choice are Daimler and Toyota, which already own stakes in Tesla.
In Gear Should EPA gas-mileage ratings tests change?

Major disparities in the listed MPG and the actual performance of two Ford hybrids have put the EPA's mileage tests under scrutiny. With most vehicles, the EPA is essentially on target, but changes might be on the horizon.
The New Economy Dow passes 15000. Now what?

With the Dow Jones Industrial Average hitting the 15000 milestone and economic signals flashing continued growth, the case for bull market optimists looks stronger. But there are reasons to be cautious about a retrenchment of the Dow.
Focus Big Three automakers, reinvented, eye consumers worldwide

GM, Ford, and Chrysler have reinvented themselves in the years since the Great Recession almost spelled the demise of two of the Big Three automakers. Their 'transformative' evolution puts them in a position to compete globally.
Focus Lower wages now at Big Three automakers, but new hires aren't whining

A sixth-generation GM worker is delighted to have landed a job at the US automaker, even if her wages and benefits don't hold a candle to what her own father made there. Such jobs, it seems, are still prized.
Fortune 500: Top 10 companies in 2013

Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.
April jobs report, at 165,000 new jobs, exceeds expectations; Dow surges (+video)

April jobs report shows a net 165,000 new jobs, as the unemployment rate drops to its lowest level since 2008. Federal government's workforce also drops to its lowest level since December 2008.
What's behind best April for Detroit's Big 3 since 2007?

Detroit's Big 3 posted robust gains, led by Ford's popular F-Series pickup brand, GM's Silverado and Sierra cargo trucks, and Chrysler's Ram pickups. Moreover, with incentives down, profits are up.
In Gear Obama administration to add 10,000 hybrids for 'green' government fleet

The Obama administration plans to add an additional 10,000 hybrid vehicles to its fleet of roughly 200,000 cars and trucks, Voelcker writes. Currently hybrids make up 5 percent of the government fleet.
Boston Marathon bombing: Did US really miss chance to prevent it? (+video)

A Republicans senator is blaming the White House for failing to heed red flags on Boston Marathon bombing suspect Tamerlan Tsarnaev. But others call that a rush to judgment.
Energy Voices What does Fisker Automotive tell us about clean energy?

Fisker Automotive's failure to repay a Department of Energy loan Monday is a blemish on the department's push to promote clean energy through public-private partnerships. Is it a sign of a broader policy failure, or do individual shortcomings distract from broader success?
In Gear Ford Motor Company, GM to collaborate on new transmissions

Ford Motor Company and General Motors will jointly develop new nine- and ten-speed automatic transmissions, marking the third time this decade that Ford Motor Company and General Motors have collaborated on such a project.
In Gear Ford Motor Company launches competition for fuel-efficiency app

Ford Motor Company is offering a cash prize to the software developer who creates the best new app for fuel efficiency, Read writes. The winning app might live on smartphones, or it might exist solely on Ford Motor Company infotainment systems.
In Gear Ford Focus tops Toyota Corolla as world's most popular car

Ford Focus has overtaken its Japanese rival, the Toyota Corolla, at the top of the global sales charts. The company sold over one million units of its Ford focus last year.
In Gear Car sales rise in March. Chrysler up 5 percent.

Car sales were strong in March. Major automakers including Ford, Chrysler, Toyota, General Motors and Nissan all reported increased car sales, with some reporting their best monthly totals since the start of the Great Recession in December of 2007.
In Gear February car sales strong despite payroll tax, sequester

February car sales were slightly weaker than January, but they were stronger than last year by 7 percent. Chrysler, Ford, Toyota, and General Motors saw their sales rise, while Honda and Nissan saw declines.
Stocks rise; Dow closes above 14,000

The Dow Jones industrial average closed above 14,000 Friday for the first time since October 2007. The Dow Jones industrial average is a stock market index that is traditionally considered a benchmark for how the entire stock market is faring.
In Gear Top 10 hybrids for great gas mileage

Green Car Reports shares its run-down of the 10 most efficient hybrid cars, rated by EPA combined mileage.
Detroit bankruptcy: City 'teetering on the edge' of financial crisis

Detroit bankruptcy: Detroit is edging closer to a financial precipice, but unlike its automakers, its chances of getting a federal bailout are almost nonexistent.
Energy Voices Chevy Volt sales triple in year of paradoxes for electric cars

Chevy Volt's record-breaking year falls short of the GM's sales target. Chevy Volt sales reflects a year of triumphs and shortcomings for electric-car technology.
Smarter automakers, confident consumers driving car sales back up (+video)

Despite being near collapse four years ago, the US automotive industry is seeing annual sales that are climbing steadily back up toward pre-recession levels.
The Reformed Broker Apple stock slumps. What's behind the slide?

Brown explores the theories behind last week's drop in Apple stock prices. Apple continues to knock down everything in its path, Brown writes, leveling Stock Market City.