Japanese automakers hold down the top spots in the annual auto quality rankings by Consumer Reports. Honda lost the top spot to Subaru. A spokesman for Consumer Reports said that while U.S. automakers trailed the pack, the gap had narrowed.
Speaking before the United Auto Workers Tuesday, President Obama defended his rescue of the auto industry. His Republican rivals continue to criticize the bailout. The UAW is expected to play an active role in his re-election campaign.
The Federal Reserve plans to keep short-term interest rates near zero until 2014, about 18 months longer then planned. Rates have already been low for several years, and there's much debate about the benefits and costs of the Fed's policies — including the message it sends that the economy's recovery is slower than expected.
Pinterest, the hot new social media taste-sharing site, isn't necessarily about how many friends you have. It's about interacting with people you may not know and in the process developing a certain style. But can the site, which has gained millions of users in a short period, sustain its stellar growth?
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