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India SUV maker rides into US market ... on a scooter

ANN ARBOR, Mich. (AP) - India's largest SUV maker is ready to make its debut on U.S. roads. But it's starting with two wheels, not four. Mahindra hopes to win over city and campus dwellers with a $2,999, Vespa-like electric scooter called the GenZe, which goes on sale this fall in California, Oregon and Michigan. Sales could soon expand to other states and Europe. If buyers like it, Mahindra ...
Source: The Associated Press | By: By DEE-ANN DURBIN, AP Auto Writer
The top 10 audiobooks on Audible.com

Audible.com best-sellers for week ending August 28, 2015: Fiction 1. The Martian by Andy Weir, narrated by B.C. Bray (Podium Publishing) 2. X: Kinsey Millhone, Book 24 by Sue Grafton, narrated by Judy Kaye (Random House Audio) 3. The Nature of the Beast by Louise Penny, narrated by Robert Bathurst (Macmillan Audio) 4. Cold Sassy Tree by Olive Ann Burns, narrated by Tom Parker (Blackstone ...
Source: The Associated Press | By: By The Associated Press
Which candidate is winning tech money race?

It is becoming clear that the road to the White House in 2016 leads straight through Silicon Valley. Once a bit-player in the political money game, the technology industry came in second behind the oil and gas industry among the top sources for political contributions in the 2012 presidential and congressional elections. The candidates have noticed and are courting the Valley's wealthy tech ...
Source: Recode | By: Arik Hesseldahl and Dawn Chmielewski
Sanders, Trump ride anti-establishment wave: Poll

Vermont Sen. Bernie Sanders and businessman Donald Trump - the two biggest anti-establishment candidates in the Democratic and Republican presidential primary fields, respectively - have seen their support surge, according to a new survey of voters likely to participate in the Iowa caucuses. In the Des Moines Register/Bloomberg Politics poll, Sanders is now polling just seven points behind ...
Source: NBC News | By: Alexandra Jaffe
Raising U.S. inflation target won't help much now -researchers

JACKSON HOLE, Wyo., Aug 29 (Reuters) - The Federal Reserve could have cut short the Great Recession by a year if it had set a 4 percent inflation target in 1984, but raising the target now would probably do little to help the economy, researchers said on Saturday. Boston Fed President Eric Rosengren and Minneapolis Fed President Narayana Kocherlakota recently have floated raising the U.S. ...
Source: Reuters
Inflation impact of Fed rate hike a bigger issue outside U.S., study finds

Aug 28 (Reuters) - Any appreciation in the U.S. dollar in response to a Federal Reserve rate hike is unlikely to generate major disinflationary concerns in the United States but could create inflationary pressures in other countries, according to a paper presented to a global gathering of central bankers. That's because the more a country's imports are invoiced in a foreign currency, the more ...
Source: Reuters
Cramer: Astonished more people weren't disheartened

It's a surprise that investors felt like buying after Tuesday's market action, according to CNBC's Jim Cramer. In a CNBC special report Wednesday night, Cramer said "the psychology had changed" as equities markets snapped a six-day losing streak. "I was actually astonished this morning that more people weren't disheartened by what happened yesterday-the buyers came right in again," he said. In ...
Source: CNBC.com | By: Everett Rosenfeld
Seven reasons why the market has gone totally nuts

There have been so many factors influencing the market's twists and turns now that it's easy to lose count. Let's, however, take a look at seven that seem to be the most prevalent influences of the rapid-fire price action lately. 1. Price discovery The notion that the marketplace actually can find a rational price, absent the influence of meddling central bankers, seems almost quaint. But we ...
Source: CNBC.com | By: Jeff Cox
Farm income seen falling 36% in 2015

U.S. farm income is forecast to decline 36 percent in 2015, worse than originally projected-and representing the lowest farm income since 2006, according to the government. "Both net cash and net farm income for farms are forecast to decline for the second consecutive year after reaching recent historic highs in 2013," said the U.S. Department of Agriculture. According to USDA, net farm income ...
Source: CNBC.com | By: Jeff Daniels
DC regulators reject proposed merger of Exelon, Pepco

WASHINGTON (AP) - Regulators in the District of Columbia rejected the proposed merger of power companies Exelon and Pepco on Tuesday, saying the deal would not benefit ratepayers. The three-member D.C. Public Service Commission voted unanimously to reject the merger. It had already been approved by the Federal Energy Regulatory Commission and by Delaware, Maryland, New Jersey and Virginia, ...
Source: The Associated Press | By: By BEN NUCKOLS, Associated Press