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U.S. markets recover from steep losses
SEOUL, May 16 (UPI) -- South Korea's Hyundai Motor Co., whose chairman has been arrested, is indefinitely postponing construction of a car factory in the Czech Republic.
Chairman Chung Mong-koo was arrested late last month on charges of embezzling company funds worth more than $116 million.
Despite the resulting delay in breaking ground, Hyundai said it will sign a formal contract to set up the $1.3 billion plant, to be built in the eastern Czech region of Nosovice, on Thursday with high-ranking officials from the Czech government at the company headquarters in Seoul, JoongAng Ilbo reported Tuesday.
Hyundai Motor had planned to formalize the contract Tuesday.
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WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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