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General Motors Co and its Chinese joint-venture partners said on Wednesday they plan to build a $ 1 billion auto assembly plant in the city of Chongqing as part of its push to remain the leader in the world’s largest auto market. GM, SAIC Motor Corp <600104.SS> and Wuling Motors Holdings Ltd <0305.HK> said they will begin construction of the plant early next year pending relevant Chinese government approvals. The 6.6 billion Chinese yuan ($ 1.06 billion) first phase is scheduled to open in 2015. The plant will have an annual production capacity of 400,000 vehicles and engines, although the [...]

Dear Credit Care, My husband had a joint credit card account with another woman a few years ago of which I was unaware. We are now in the process of buying a house and had to pull his credit report. To my surprise, there is a $ 10,000 past due account which now affects whether we get the house. How can I resolve this? I don’t know the credit card number, and I don’t have that amount of money to pay.  – Eurita Dear Eurita, The first thing I would recommend is that your husband double-check to confirm that he [...]

LONDON Standard Chartered is pursuing a collective settlement with other U.S. authorities after speedily agreeing to pay $ 340 million to New York’s financial regulator, who broke ranks with early revelations that the bank hid banned Iranian transactions. Chief Executive Peter Sands, who cut short his holiday in Canada last week to deal with the affair, remains in the United States as the bank continues talks with other agencies to agree a comprehensive deal that removes lingering uncertainty. “Negotiations are going on between the other agencies, and we are talking to them. It is safe to assume there will now [...]

Dear To Her Credit, I tried to add my spouse as a joint account holder to my credit card, and Capital One refused without any explanation (and without looking into any details, just after I asked about it). However, they offered to add him as an authorized user. Why did they refuse? I understand that there may be any different reasons, but at least any ideas? Thank you!   – Jana Dear Jana, You would think credit card companies would love to add another joint account holder — or two or three — to a credit card account. The more people [...]