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Auto Outlook: Drivers wanting better mileage look to foreign cars
Auto Outlook: Drivers wanting better mileage look to foreign cars
To avoid a meltdown in 2006, Ford Motor Co. mortgaged the farm putting up its assets -- including its Blue Oval logo, and F-150 pickup and iconic Mustang trademarks -- to secure $23.5 billion in credit.

The big gamble paid off and Ford was the only Detroit car maker that didn't accept government bailouts two years later. This week, Moody's Investors Service became the second credit rating service to raise Ford's credit from junk status back to investment grade. Fitch Ratings upgraded Ford's credit rating in April.

Jobs: The number of baby boomers retiring is holding down the unemployment rate
Jobs: The number of baby boomers retiring is holding down the unemployment rate
President Obama can thank baby boomers at least in part for the drop in the U.S. unemployment rate with the first post-World War II generation hitting retirement age at a rate of 10,000 a day.
USPS offers buyouts to 45K mail handlers
WASHINGTON, May 26 (UPI) -- The U.S. Postal Service, seeking to reduce staff and cut costs, said it is offering $15,000 buyouts to 45,000 mail handlers.
Groupon starts refund program
CHICAGO, May 26 (UPI) -- U.S. online deal-making firm Groupon said subscribers had until July 6 to file for refunds prompted by a class-action lawsuit.
Credit rating relies on U.S. plan
WASHINGTON, May 26 (UPI) -- Officials at credit rating services said the United Stated needed a credible plan to avoid another downgrade of the country's credit rating.
In Phoenix, flipping homes is back
PHOENIX, May 26 (UPI) -- Real estate analysts said the housing market in Phoenix has made an abrupt turnaround, as supplies shrink and prices rise.
Software piracy in China dipped in 2011
BEIJING, May 26 (UPI) -- Analysts say there was a significant drop in software piracy in China last year.
Lagarde to Greeks: 'Pay your taxes'
LONDON, May 26 (UPI) -- The managing director of the International Monetary Fund Christine Lagarde said Greeks could do their country a favor by paying their taxes.
Britain considers immigration controls
LONDON, May 26 (UPI) -- Britain's Home Secretary Theresa May said plans were being drawn to control immigration in the event that Greece exits the eurozone.
Bahrain to build a Disneyland
MANAMA, Bahrain, May 26 (UPI) -- Bahraini investor Fouad Shuwaitar signed a $63.8 million deal to build a miniature Disneyland project in Muharraq, officials in Bahrain said Saturday.
Sudan receives hard currency
KHARTOUM, Sudan, May 26 (UPI) -- Sudan received hard currency deposits from foreign friendly nations to support its ailing economy, the central bank deputy governor said Saturday.
Markets slip Friday
Markets slip Friday
NEW YORK, May 25 (UPI) -- U.S. stocks closed lower Friday on economic news out of Spain and ahead of the holiday weekend.
Dollar hits highest level since 2010
NEW YORK, May 25 (UPI) -- Gold futures for June delivery were up 0.7 percent Friday to $1,568.90 per troy ounce on the Comex division of the New York Mercantile Exchange.
Oil moves slightly higher
Oil moves slightly higher
NEW YORK, May 25 (UPI) -- Oil prices moved slightly higher Friday but held just below $91 a barrel of crude on positive U.S. consumer sentiment.
Spain's banks may need $130B
Spain's banks may need $130B
MADRID, May 25 (UPI) -- Estimates of what it will cost to rescue banks in Spain are rising, as Standard & Poor's said it had cut credit ratings on five banks Friday.
Grain markets mostly higher on CBOT
CHICAGO, May 25 (UPI) -- Grain markets closed mostly higher Friday on the Chicago Board of Trade.
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Members of the Army's Old Guard place flags at Arlington National Ceremtery
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U.S. flags are seen in the rucksack of a soldier with the Army's 3d U.S. Infantry Regiment, The Old Guard, as he places flags at gravesites in Arlington National Cemetery as part of the Flags-In Memorial Day ceremony on May 24, 2012 in Arlington, Virginia. American flags were placed at each of the more than 220,000 grave markers in honor of those who served and Memorial Day. UPI/Kevin Dietshc