<![CDATA[Colorado Springs Gazette RSS - auto]]> http://gazette.com/rss/auto Wed, 16 Aug 2017 07:26:54 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[Global stocks higher as North Korean tensions ease further]]> http://gazette.com/global-stocks-higher-as-north-korean-tensions-ease-further/article/feed/484676?custom_click=rss http://gazette.com/global-stocks-higher-as-north-korean-tensions-ease-further/article/feed/484676?custom_click=rss

BEIJING (AP) — Global stock markets mostly rose on Wednesday as the U.S. and North Korea indicated willingness to reduce nuclear tensions and investors looked ahead to minutes from the Federal Reserve's last meeting.

KEEPING SCORE: France's CAC 40 rose 1.1 percent to 5,194 points and Germany's DAX advanced 0.9 percent to 12,283. The FTSE 100 in London gained 0.7 percent to 7,432 after new data showed an encouraging rise in wage growth. On Wall Street, the futures for the Dow Jones industrial average and for the broader Standard & Poor's 500 Index were both up 0.2 percent.

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]]> Wed, 16 Aug 2017 07:21:04 -0600 <![CDATA[Edmunds: Many car buyers make wrong turn on financing]]> http://gazette.com/edmunds-many-car-buyers-make-wrong-turn-on-financing/article/feed/484736?custom_click=rss http://gazette.com/edmunds-many-car-buyers-make-wrong-turn-on-financing/article/feed/484736?custom_click=rss

The advantage of financing a car is that eventually you'll pay it off and enjoy debt-free car ownership. That's why buyers are willing to pay more per month to own than to lease.

But many car owners have veered off course. A third of those who come to a dealership with a car to trade in owe more on it than it's worth: $5,143, on average. And so rather than reaching the promised land of car ownership, they wind up wandering in the desert of negative equity.

People are getting out of their loans early for a number of reasons, many of them understandable: The compact car that was once perfect for commuting doesn't cut it when a baby unexpectedly joins the family.

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]]> Wed, 16 Aug 2017 06:10:06 -0600 <![CDATA[Fiat Chrysler joins BMW-Intel autonomous car partnership]]> http://gazette.com/fiat-chrysler-joins-bmw-intel-autonomous-car-partnership/article/feed/484701?custom_click=rss http://gazette.com/fiat-chrysler-joins-bmw-intel-autonomous-car-partnership/article/feed/484701?custom_click=rss DETROIT (AP) — Fiat Chrysler is teaming up with BMW and Intel to develop an autonomous-driving system.

The companies say the system will be used by automakers worldwide to run self-driving vehicles. It will be flexible so automakers can keep their unique brand identities.

The move is the latest in a series of acquisitions and partnerships announced by auto and technology companies as they race to deploy self-driving vehicles.

Fiat Chrysler also has a partnership to provide vehicles and install technology developed by Waymo, Google's autonomous car unit. A Fiat Chrysler spokeswoman says the partnership will continue.

Computer chip maker Intel recently acquired Israel's Mobileye, a leader in software that integrat

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]]> Wed, 16 Aug 2017 03:01:56 -0600 <![CDATA[Asian shares mixed after US indexes take small losses]]> http://gazette.com/asian-shares-mixed-after-us-indexes-take-small-losses/article/feed/484495?custom_click=rss http://gazette.com/asian-shares-mixed-after-us-indexes-take-small-losses/article/feed/484495?custom_click=rss

BEIJING (AP) — Asian stock markets were mixed Wednesday after U.S. indexes took small losses as Washington and North Korea indicated their willingness to reduce nuclear tensions.

KEEPING SCORE: The Shanghai Composite Index lost 0.4 percent to 3,239.30 points and Tokyo's Nikkei 225 was unchanged at 19,753.70. Hong Kong's Hang Seng gained 0.5 percent to 27,309.20 and Sydney's S&P-ASX 200 shed 0.2 percent to 5,745.20. Seoul's Kospi advanced 0.6 percent and benchmarks in New Zealand, Malaysia and Jakarta also rose. Taiwan, Singapore and Manila retreated.

WALL STREET: U.S. indexes took small losses as weak results from sporting goods and auto parts retailers left smaller companies with steep declines.

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]]> Tue, 15 Aug 2017 22:48:49 -0600 <![CDATA[Advance Auto Parts and Coach fall while Synchrony surges]]> http://gazette.com/advance-auto-parts-and-coach-fall-while-synchrony-surges/article/feed/484604?custom_click=rss http://gazette.com/advance-auto-parts-and-coach-fall-while-synchrony-surges/article/feed/484604?custom_click=rss NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:

Transocean Ltd., down 48 cents to $7.91

The drilling rig company said it will buy Songa Offshore for $1.2 billion.

Synchrony Financial, up $1.35 to $30.99

Warren Buffett's Berkshire Hathaway conglomerate bought a stake in the consumer credit company.

Coach Inc., down $7.28 to $40.64

The luxury handbag and accessory maker posted disappointing fourth-quarter sales and its forecast for the current year was also weak.

Advance Auto Parts Inc., down $22.24 to $87.08

The auto parts retailer cut its annual forecast citing "industry headwinds."

Extreme Networks Inc., up $1.07 to $10.

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]]> Tue, 15 Aug 2017 16:27:42 -0600 <![CDATA[How major US stock market indexes fared Tuesday]]> http://gazette.com/how-major-us-stock-market-indexes-fared-tuesday/article/feed/484590?custom_click=rss http://gazette.com/how-major-us-stock-market-indexes-fared-tuesday/article/feed/484590?custom_click=rss U.S. stock indexes finished Tuesday close to where they started as technology companies and household goods makers rose, but weak reports from sporting goods and auto parts retailers left a lot of smaller companies with steep losses.

On Tuesday:

The Standard & Poor's 500 index sank 1.23 points, or less than 0.1 percent, to 2,464.61.

The Dow Jones industrial average added 5.28 points to 21,998.99.

Nasdaq composite slid 7.22 points, or 0.1 percent, to 6,333.01.

The Russell 2000 index of smaller-company stocks retreated 11.07 points, or 0.8 percent, to 1,383.24.

For the week:

The S&P 500 is up 23.29 points, or 1 percent.

The Dow is up 140.67 points, or 0.6 percent.

The Nasdaq is up 76.46

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]]> Tue, 15 Aug 2017 15:49:51 -0600 <![CDATA[Mazda recalls nearly 80K vehicles to replace faulty air bags]]> http://gazette.com/mazda-recalls-nearly-80k-vehicles-to-replace-faulty-air-bags/article/feed/484480?custom_click=rss http://gazette.com/mazda-recalls-nearly-80k-vehicles-to-replace-faulty-air-bags/article/feed/484480?custom_click=rss DETROIT (AP) — Mazda is recalling nearly 80,000 cars and SUVs, some for a second time, to replace dangerous Takata air bag inflators.

The recall covers front passenger inflators on certain 2007 through 2009 and 2012 CX-7, CX-9 and Mazda 6 vehicles. The recalls vary by state and age of the vehicles.

Takata inflators can explode with too much force and hurl shrapnel into drivers and passengers. As many as 19 people have been killed and more than 180 hurt due to the problem.

The recall supersedes one issued in January that temporarily replaced older Takata inflators with the same parts. Ammonium nitrate used in the inflators can deteriorate over time. The company says newer inflators are safer.

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]]> Tue, 15 Aug 2017 08:27:45 -0600 <![CDATA[Asian stocks rise after Koreas, US make diplomatic overtures]]> http://gazette.com/asian-stocks-rise-after-koreas-us-make-diplomatic-overtures/article/feed/484223?custom_click=rss http://gazette.com/asian-stocks-rise-after-koreas-us-make-diplomatic-overtures/article/feed/484223?custom_click=rss

TOKYO (AP) — Asian shares rose Tuesday as both Koreas and the U.S. appeared to indicate a willingness to defuse the crisis over Pyongyang's nuclear program. A rally on Wall Street fueled by gains in technology shares also helped.

KEEPING SCORE: Japan's benchmark Nikkei 225 gained 1.1 percent to 19,753.31. Australia's S&P/ASX 200 added 0.5 percent to 5,757.50. South Korea's markets were closed for a national holiday. Hong Kong's Hang Seng added 0.3 percent to 27,339.48, while the Shanghai Composite was climbed 0.3 percent to 3,245.66. Shares in Southeast Asia were mostly higher.

NORTH KOREA: North Korea said Tuesday leader Kim Jong Un was briefed on his military's plans to launch missiles into waters near Guam.

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]]> Tue, 15 Aug 2017 02:03:18 -0600 <![CDATA[Neff, Target surge, while Newmont Mining dips]]> http://gazette.com/neff-target-surge-while-newmont-mining-dips/article/feed/484317?custom_click=rss http://gazette.com/neff-target-surge-while-newmont-mining-dips/article/feed/484317?custom_click=rss NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:

Neff Corp., up $4.15 to $26

The equipment rental company Neff said it received a buyout offer worth $25 per share, or $596 million.

Fiat Chrysler Automobiles NV, up 99 cents to $12.60

Automotive News reported that a Chinese car maker offered to buy the company, but that the offer was rejected.

Newmont Mining Corp., down 51 cents to $36.02

The price of gold fell as tensions between the U.S. and North Korea appeared to ease.

Tesco Corp., up 50 cents to $4.40

The drilling technology developer said it will be acquired by drilling contractor Nabors Industries in an all-stock deal.

Netflix Inc.

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]]> Mon, 14 Aug 2017 16:21:43 -0600 <![CDATA[Average US gas prices jump 8 cents thanks to crude costs]]> http://gazette.com/average-us-gas-prices-jump-8-cents-thanks-to-crude-costs/article/feed/484027?custom_click=rss http://gazette.com/average-us-gas-prices-jump-8-cents-thanks-to-crude-costs/article/feed/484027?custom_click=rss CAMARILLO, Calif. (AP) — The average price of a gallon of regular-grade gasoline jumped 8 cents nationally over the past three weeks, to $2.40.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the spike results from higher crude oil prices.

The current price is 23 cents above where it was a year ago, but well below where it was in mid-August of 2015, 2014, and 2013.

Gas in San Francisco was the most expensive in the contiguous United States at an average of $3.02 a gallon. The cheapest was in Jackson, Mississippi, at $2.08 a gallon.

The U.S. average diesel price is $2.57, up 6 cents over the past three weeks.

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]]> Sun, 13 Aug 2017 13:25:32 -0600 <![CDATA[For electric cars to take off, they'll need place to charge]]> http://gazette.com/for-electric-cars-to-take-off-theyll-need-place-to-charge/article/feed/483552?custom_click=rss http://gazette.com/for-electric-cars-to-take-off-theyll-need-place-to-charge/article/feed/483552?custom_click=rss

DETROIT (AP) — Around the world, support is growing for electric cars. Automakers are delivering more electric models with longer range and lower prices, such as the Chevrolet Bolt and the Tesla Model 3. China has set aggressive targets for electric vehicle sales to curb pollution; some European countries aim to be all-electric by 2040 or sooner.

Those lofty ambitions face numerous challenges, including one practical consideration for consumers: If they buy electric cars, where will they charge them?

The distribution of public charging stations is wildly uneven around the globe. Places with lots of support from governments or utilities, like China, the Netherlands and California, have thousands of public charging outlets.

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]]> Fri, 11 Aug 2017 21:02:58 -0600 <![CDATA[Larson's busy weekend includes Knoxville Nationals, Cup race]]> http://gazette.com/larsons-busy-weekend-includes-knoxville-nationals-cup-race/article/feed/483673?custom_click=rss http://gazette.com/larsons-busy-weekend-includes-knoxville-nationals-cup-race/article/feed/483673?custom_click=rss

BROOKLYN, Mich. (AP) — Kyle Larson is ready for a hectic weekend befitting his status as one of racing's rising stars.

Larson is set to race in Saturday's Knoxville Nationals, squeezing in the prestigious sprint car event before returning to Michigan to compete in Sunday's NASCAR Cup Series race. Chip Ganassi, Larson's team owner on the Cup circuit, gave him permission to race Saturday in Knoxville, Iowa. He qualified ninth in his Cup car Friday at Michigan.

"Chip's allowing me to go to Knoxville (on Saturday), which is great," Larson said. "Cool weekend for me and really excited for it."

The 25-year-old Larson has two Cup victories this year — including in June at Michigan — and is third in the standings. He also

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]]> Fri, 11 Aug 2017 18:18:21 -0600 <![CDATA[Business Highlights]]> http://gazette.com/business-highlights/article/feed/22010?custom_click=rss http://gazette.com/business-highlights/article/feed/22010?custom_click=rss ___

Leaked email shows HBO negotiating with hackers

BOSTON (AP) — Hackers released an email from HBO in which the company expressed willingness to pay them $250,000 as part of a negotiation over electronic data swiped from HBO's servers. The July 27 email was sent by an HBO executive who thanked the hackers for "making us aware" of previously unknown security vulnerabilities. The executive asked for a one-week delay and said HBO was willing to commit $250,000, calling it a "bug bounty" reward for IT professionals rather than a ransom.

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]]> Fri, 11 Aug 2017 16:28:10 -0600 <![CDATA[US stocks snap 3-day losing streak in roller coaster week]]> http://gazette.com/us-stocks-snap-3-day-losing-streak-in-roller-coaster-week/article/feed/483595?custom_click=rss http://gazette.com/us-stocks-snap-3-day-losing-streak-in-roller-coaster-week/article/feed/483595?custom_click=rss

Gains among technology companies helped snap a three-day losing streak for U.S. stocks Friday, though the market ended with its worst weekly loss since March.

The modest rebound came at the end of a turbulent week on Wall Street as escalating tensions between the U.S. and North Korea rattled global markets.

In the first four days of the week, the Standard & Poor's 500 index swung from marking its latest record high to posting its biggest single-day drop in nearly three months.

The negative headlines provided many investors with an opportunity to pocket some of their recent gains following a string of record highs fueled by strong corporate earnings.

"It's been a bit of a roller coaster this week, with all the rhet

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]]> Fri, 11 Aug 2017 16:23:46 -0600 <![CDATA[GM's Maven will provide cars to students at USC]]> http://gazette.com/gms-maven-will-provide-cars-to-students-at-usc/article/feed/483671?custom_click=rss http://gazette.com/gms-maven-will-provide-cars-to-students-at-usc/article/feed/483671?custom_click=rss LOS ANGELES (AP) — General Motors Co.'s Maven rental car service is moving onto college campuses.

Maven says it has struck a deal to be the exclusive car-sharing provider for the University of Southern California in Los Angeles.

Maven is parking 18 vehicles on campus that students can rent for $5 per hour using the company's app. That's cheaper than Maven's usual starting rate of $8.

Students can use some of the cars for side gigs like ride-hailing with Lyft or delivering food.

The company is also providing one car for use by college administrators. As with its other locations, Maven is paying for the parking spaces on campus.

GM started Maven more than a year ago. It offers hourly and daily rental cars in

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