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Looking like a special-edition 7 Series fastback, this mule is BMW's new Progressive Activity Sedan (PAS), according to spy photographer Brenda Priddy. Priddy says the PAS will have a coupe-like roofline and frameless side windows, along with four large, fully adjustable seats and even small tables...

Credit and debit card issuers will soon be required to report to the IRS the annual dollar figure collected by their business merchants. The provision was included as part of a new housing law to provide assistance to homeowners facing foreclosure.

NEW PARTNER: The IndyCar Series made a bold move to partner with the Versus network for coverage of its 2009 series. The Indy 500, however, will remain on ABC. SOMETHING NEW: The American Sprint Car Series announced an agreement with Lucas Oil and K&N Filters to back the organization’s national...

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Robert Oswald, chairman of Bendix Commercial Vehicle Systems, was appointed to the DURA Automotive Systems board of directors. Oswald became chairman of Bendix Commercial Vehicle Systems in 2003. He was CEO from March 2002 to September 2003. Prior to Bendix, he was chairman, president and CEO of...

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