Daily business briefing: GM charges less for new Volt

August 6, 2013 

General Motors is cutting 13 percent from the cost of the Chevrolet Volt to keep pace with competitors in the plug-in car market. The price for the 2014 Volt will start at $34,995, including shipping -- $5,000 less than the current model. The new model is scheduled to reach showrooms late this summer. ...

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Despite some positive news on the economy, stocks were down in early trading on Wall Street Tuesday. The Dow Jones industrial average fell 70 points, or 0.4 percent, to 15,542 after the first few minutes of trading Tuesday. The Standard & Poor's 500 index fell three points, or 0.2 percent, to 1,704. The Nasdaq composite fell five points, or 0.2 percent, to 3,687. ...

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The bankruptcy hanging above Detroit is a dominant issue in the city's mayoral primary. The city is the largest to file for bankruptcy and has yielded complete control of its finances to a state-appointed emergency manager. As polls open Tuesday, voters said the city's financial troubles is a key factor in the election. ...

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Breakfast soon may come to Taco Bell. The fast-food chain is testing waffle tacos, as it prepares to unveil a new breakfast menu sometime next year. The waffle taco are waffles with scrambled eggs, sausage and a side of syrup. The breakfast creation was the top seller during breakfast hours at the five Southern California restaurants where they were tested earlier this year.

-- Will Buss, BND business writer

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