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U.S. markets recover from steep losses
DEARBORN, Mich., Nov. 9 (UPI) -- Ford Motor Co. will cut one shift of production next spring at a plant in Wayne, Mich., that makes big sports utility vehicles.
The move, which responds to falling sales, will result in an undetermined number of layoffs of workers who produce the new Ford Expedition and Lincoln Navigator, the Detroit Free Press said Thursday.
"Our business plan shows we can meet the demand with one shift, because the overall volumes are in decline," Ford spokeswoman Anne Marie Gattari said.
Year-to-date sales last month for Expedition were down last month 30 percent and for the Navigator were down 15 percent, Ford said.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
A new labor agreement between Lockheed Martin and workers at three company facilities has been ratified and is now in effect.
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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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