Metro-East News

May 12, 2014

Daily business briefing: Chrysler reports first quarter loss following Fiat merger

Chrysler Group has reported a $690 million in the first quarter following its merger with Italian automaker Fiat SpA. In January, Fiat paid $3.65 billion to a union-run health care trust to acquire Chrysler's remaining shares, and Chrysler has agreed to pay $700 million to upgrade its factories. Read more at http://www.bnd.com/business. ...

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The Dow closed at a record high but kept in check by ongoing concerns over Ukraine. Learn more at http://www.bnd.com/business. ...

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The price of oil rose above $100 a barrel on Monday. Benchmark U.S. crude for June delivery was up 29 cents to $100.28 a barrel in electronic trading on the New York Mercantile Exchange. For more information, go to http://www.bnd.com/business. ...

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Chrysler Group lost $690 million in the first quarter, but revenue rose 23 percent to $19 billion. Find out more at http://www.bnd.com/buusiness.

-- Will Buss, BND business writer

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