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GRE Business Report: March 31st

The top business headlines.
The recall troubles aren't over for General Motors. The automaker added another 824,000 cars to its ignition switch recall. The recall previously included 1.4 million GM cars sold in the United States that were made through model year 2007. GM is now expanding that to include all model years of the affected vehicles, including those between 2008 and 2011. GM says some of the newer versions of the cars may have had their good switches replaced with faulty ones during repairs. The cars affected include the Chevrolet Cobalt and HHR, the Pontiac G5 and Solstice and Saturn Ion and Sky.

McDonald's is fighting back in the fast food breakfast war. It's offering customers nationwide a free small cup of McCafe coffee for two weeks. The promotion starts today at participating locations. The offer from McDonald's comes as competitor Taco Bell rolled out its first-ever breakfast menu. The move could take a bite out of sales at McDonald's.

Couples are spending more on weddings than ever before. A survey by The Knot found they spent an average of $30,000 last year. Venue and catering expenses took up $13,000 dollars of the budget. Other big ticket items included engagement rings, reception bands, flowers and wedding photos. Much of the cost depends on location. If you plan to get hitched in a big city, you can expect to pay a premium for your wedding. The New York City average is nearly $87,000.
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